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Saudi Arabia to fund US$1bn sport city in Iraq
POSTED 09 Apr 2019 . BY Tom Walker
The announcement, by the Saudi minister Majid bin Abdullah Al-Qassabi, is part of a geopolitical strategy which looks to strengthen the kingdom's influence in the region
The government of Saudi Arabia has pledged to fund the construction of a US$1bn "sports city" close to the Iraqi capital city Baghdad.

The announcement was made by the Saudi commerce and investment minister Majid bin Abdullah Al-Qassabi, following a visit by senior Saudi ministers to Baghdad last week.

No details of the facilities have been revealed as yet, but it is believed that the project will include a number of large-scale sports venues – including a football stadium and aquatics complex.

If the Baghdad Sports City project proves successful, it will be Iraq's second large-scale concentration of sports facilities, joining the Basra Sports City in the south of the country.

Iraq has been slowly rebuilding its sports infrastructure, following the devastating war in 2003 and the following insurgency and armed conflicts which ended in 2011.

The Saudi investment in Iraq is seen part of a geopolitical strategy which looks to strengthen the kingdom's influence in the region and boost economic and trade ties with its neighbouring countries.
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Jobs    News   Products   Magazine
NEWS
Saudi Arabia to fund US$1bn sport city in Iraq
POSTED 09 Apr 2019 . BY Tom Walker
The announcement, by the Saudi minister Majid bin Abdullah Al-Qassabi, is part of a geopolitical strategy which looks to strengthen the kingdom's influence in the region
The government of Saudi Arabia has pledged to fund the construction of a US$1bn "sports city" close to the Iraqi capital city Baghdad.

The announcement was made by the Saudi commerce and investment minister Majid bin Abdullah Al-Qassabi, following a visit by senior Saudi ministers to Baghdad last week.

No details of the facilities have been revealed as yet, but it is believed that the project will include a number of large-scale sports venues – including a football stadium and aquatics complex.

If the Baghdad Sports City project proves successful, it will be Iraq's second large-scale concentration of sports facilities, joining the Basra Sports City in the south of the country.

Iraq has been slowly rebuilding its sports infrastructure, following the devastating war in 2003 and the following insurgency and armed conflicts which ended in 2011.

The Saudi investment in Iraq is seen part of a geopolitical strategy which looks to strengthen the kingdom's influence in the region and boost economic and trade ties with its neighbouring countries.
RELATED STORIES
Work to begin on ambitious US$500bn NEOM project in Saudi Arabia


Construction work is set to begin on a huge urban development in Saudi Arabia – described as one of the "world's ambitious building projects".
Smart fitness club operator Armah signs deal with Life Fitness to equip 50 clubs in Saudi Arabia


The company behind a health club concept designed to "transform Saudi Arabia's fitness sector" has signed a US$20m equipment deal with Life Fitness.
Riyadh unveils plans for major redevelopment based on green space, wellbeing and culture


The construction of the world’s largest city park – large enough to hold a top class 18-hole golf course and much more – has been announced as part of a US$23bn (€20.19bn, £17.51bn) “wellbeing” project that will change the nature of Saudi Arabia’s Riyadh capital.
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KX Chelsea invests £15 million to upgrade its wellness offering
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