logo
Hail Region Governor Launches Hail Toyota International Rally 2025

Hail Region Governor Launches Hail Toyota International Rally 2025

Asharq Al-Awsat31-01-2025

Prince Abdulaziz bin Saad bin Abdulaziz, Governor of Hail Region, Hail Region Development Authority Chairman, and Hail Toyota International Rally 2025 supreme organizing committee chairman, officially launched the start of the rally on Thursday.
During the opening ceremony, Saudi Automobile and Motorcycle Federation (SAMF) vice president Feher Alshareif delivered a speech highlighting the generous support from the Kingdom's leadership in promoting sports and solidifying Saudi Arabia's position as a global hub for motorsports.
He said that the Hail Toyota International Rally, now in its 20th edition, is a significant milestone in the world of rallying, featuring four major championships: the World Baja Championship, the Middle East Baja Championship, the Asia Motorcycle Championship, and the Saudi Toyota Championship.
He emphasized that since its launch in February 2006, the rally has become one of the premier motorsports events in the region, attracting elite drivers from around the world and experiencing substantial growth in recent years.
As part of his visit, the governor of Hail toured the Hail Toyota International Rally 2025 Security Operations Center and the Al-Maghwa Security Point.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hail Region Seals SR8.5 Billion Investment Deals to Spur Growth
Hail Region Seals SR8.5 Billion Investment Deals to Spur Growth

Leaders

time18-05-2025

  • Leaders

Hail Region Seals SR8.5 Billion Investment Deals to Spur Growth

Saudi Arabia's Hail region has secured investment agreements worth SR8.5 billion ($2.27 billion) during its flagship investment forum, advancing the Kingdom's push to unlock regional growth and attract private capital. Spanning agriculture, mining, tourism, and logistics, these agreements form part of a broader SR50 billion portfolio of opportunities unveiled at the event. Vision 2030 Fuels Regional Diversification Saudi Arabia now prioritizes untapped potential in smaller regions, luring investors to diversify beyond urban hubs, which aligns with Saudi Vision 2030's goals for a resilient, inclusive economy. The Emir of Hail witnessed the launch of SR8.5 billion in partnerships between government agencies and investors to boost economic growth. Governor Prince Abdulaziz bin Saad emphasized Hail's strategic advantages, including its connectivity across five regions, fertile land, and infrastructure development. Organized under the theme 'Be Part of the Promising Future,' the forum attracted leaders like Investment Minister Khalid Al-Falih and Deputy Environment Minister Mansour Al-Mushaiti. Over 125 investment opportunities, including 14 strategic projects worth SR34.2 billion, aim to empower local businesses. Agricultural Investments Take Center Stage Al-Mushaiti hailed Hail as a prime agricultural hub, citing SR7 billion in funding from the Agricultural Development Fund. The region now contributes over 10% of Saudi Arabia's agricultural GDP. Notably, Hail launched the Middle East's largest trout salmon project, targeting a 50% import reduction and SR5 billion in sales within a decade. Furthermore, new red meat investments will raise self-sufficiency to 61%, while a poultry project expanded to SR11 billion with a recent SR4.5 billion injection. The Saudi Reef program has allocated SR800 million to support local farmers, alongside SR1.2 billion in water and environmental projects under the Saudi Green Initiative. Al-Falih highlighted Hail's SR1.44 billion in foreign investment, with 177 licenses issued to global firms. Over 100 opportunities worth SR50 billion are now on the 'Invest Saudi' platform. A new MoU between the Investment Ministry and Hail Region Development Authority will streamline sustainable growth efforts. The forum also featured nine panel sessions covering 42 investment themes, focusing on tourism, quality of life, agriculture, logistics, energy, and education. Short link : Post Views: 2

Saudi Arabia Gears Up for Formula 1 Team Ownership Soon
Saudi Arabia Gears Up for Formula 1 Team Ownership Soon

Leaders

time16-04-2025

  • Leaders

Saudi Arabia Gears Up for Formula 1 Team Ownership Soon

Saudi Arabia may soon acquire a Formula 1 team, signaling deeper investment in global motorsport, revealed Prince Khalid bin Sultan Al-Faisal, chairman of the Saudi Automobile and Motorcycle Federation (SAMF). Speaking ahead of Jeddah's Grand Prix, he confirmed active discussions, citing the sport's rapid commercial growth. The Saudi Public Investment Fund (PIF), which owns Premier League's Newcastle United and LIV Golf, could lead the acquisition. Prince Khalid emphasized profitability, stating, 'PIF entities invest strategically—Formula 1's rising global appeal aligns with our vision.' Recent reports suggest PIF has explored partnerships with mid-tier teams like Aston Martin or Williams. However, Prince Khalid explained that this could happen soon. ''It could happen, it could happen soon if you see the growth.' He added. Prince Khalid views team ownership as a smart business move. He noted, 'Formula 1 reaches new markets, sales are globally increasing.' Success matters too, he stressed, 'I'd like them to do it right and be successful.' This fits PIF's strategy of profitable sports investments worldwide. Strategic Expansion Aligns With Vision 2030 Saudi Arabia's motorsport push supports Vision 2030 goals to diversify its economy and boost tourism. Since hosting its first F1 race in 2021, Jeddah's event has drawn 150,000+ annual attendees, generating $200M+ in local revenue. Formula 1's value soared under Liberty Media, with teams now valued at $1.3B on average. Saudi entry could mirror Abu Dhabi's success with Red Bull Racing, leveraging sponsorship and technical collaborations. While Prince Khalid acknowledged complexities in team selection and management, he hinted at imminent developments. 'Hosting races and sponsoring teams lays the groundwork—expect announcements soon,' he stated. Critics question Saudi Arabia's motorsport investments amid climate concerns. However, F1's 2030 net-zero pledge and Saudi's NEOM EV initiatives aim to align racing with environmental goals. Short link : Post Views: 3

Saudi Crown Prince Receives Yazeed Al-Rajhi, Winner of 2025 Dakar Rally
Saudi Crown Prince Receives Yazeed Al-Rajhi, Winner of 2025 Dakar Rally

Asharq Al-Awsat

time14-03-2025

  • Asharq Al-Awsat

Saudi Crown Prince Receives Yazeed Al-Rajhi, Winner of 2025 Dakar Rally

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, received on Thursday Yazeed Al-Rajhi, winner of the 2025 Dakar Rally Saudi Arabia in the car category. Al-Rajhi is the first Saudi driver to achieve this monumental feat in the world's most renowned rally. Meeting at the at Al-Salam Palace in Jeddah, Crown Prince Mohammed congratulated Al-Rajhi on his victory, stressing that his achievement should be motivation for Saudi athletes. Al-Rajhi expressed his deep gratitude to the Crown Prince for the reception, which embodies his keenness, interest, and support for all athletes. The meeting was attended by Minister of Sport Prince Abdulaziz bin Turki bin Faisal bin Abdulaziz and Chairman of the Board of Directors of the Saudi Automobile and Motorcycle Federation (SAMF) Prince Khalid bin Sultan bin Abdullah bin Faisal bin Abdulaziz.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store