Sports

Saudi wealth fund holding talks to create boxing league 

Business and FinanceSports

Reuters Reported exclusively The Public Investment Fund of Saudi Arabia is in discussions with several boxing stakeholders to create a league, which could reshape the competitive landscape of the sport.

Market impact

Saudi Arabia has pumped billions of dollars into sports as it seeks to wean the kingdom off oil dependence under Crown Prince Mohammed’s Vision 2030 program, which aims to bring tourism, boost the private sector and create jobs.

Article tags

Topics of interest: Business and FinanceSports

He writes: Reuters is better

Sectors: Business and FinanceSports

Regions: The Middle East

Countries: Kingdom of Saudi Arabia

Types of winning: Uniqueness

Story types: Exclusively / Scoop

Media types: text

Customer influence: An important regional story

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