FIFA seals closer ties to Saudi Arabia with World Cup sponsor deal for oil firm Aramco
GENEVA (AP) — FIFA deepened its ties to Saudi Arabia by confirming a sponsorship on Thursday with the kingdom’s state oil firm Aramco which made a profit of $121 billion last year.
The deal was expected and became inevitable once Saudi Arabia was all but sealed last October as the 2034 host of the men’s World Cup.
The deal through 2027 includes the men’s World Cup in 2026 co-hosted by the United States, Canada and Mexico and the 2027 Women’s World Cup. Hosts of that tournament will be decided next month in a three-candidate vote.
The value of the Aramco deal was not disclosed but is likely the richest ever for FIFA by average annual value. The inaugural 32-team Club World Cup being hosted next year in the U.S. was not specified by FIFA though could be part of a separate deal.
“Through the partnership, Aramco and FIFA intend to leverage the power of football to create impactful social initiatives around the world,” the soccer body said in a statement.
Related articles
Ship that caused Baltimore bridge collapse has been refloated
BALTIMORE (AP) — The container ship that caused the deadly collapse of Baltimore’s Francis Scott Key2024-05-21Nuclear power plant operator sanguine on renewable energy
China General Nuclear Power Group, the country's largest nuclear power plant operator by installed c2024-05-21China biggest contributor of green technologies: WIPO chief
China has not only become the world's top filer of patent applications but also the top contributor2024-05-21- Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
Company wins court ruling to continue development of Michigan factory serving EV industry
GREEN TOWNSHIP, Mich. (AP) — A judge has ordered a Michigan community to stop blocking efforts to br2024-05-21Chinese companies set new digging record in tunnelling projects in Nepal
Efforts are being made in the building of long tunnels in the Himalayan region, with Chinese compani2024-05-21
atest comment