Qiddiya Named Founding Partner of the Formula 1® stc Saudi Arabian Grand Prix 2025
Saudi Motorsport Company, the promoter of the Formula 1® stc Saudi Arabian Grand Prix 2025, has announced a strategic partnership with Qiddiya Investment Company, one of the flagship initiatives of the Public Investment Fund. Under this agreement, Qiddiya becomes a Founding Partner of the 2025 edition of the Formula 1® stc Saudi Arabian Grand Prix, SPA reported.
This collaboration builds on Qiddiya Investment Company's strong relationship with the Grand Prix and underscores its unwavering commitment to championing Saudi Arabia's cultural identity on the global stage. As a Founding Partner, Qiddiya will support the continued growth of the Kingdom's entertainment, sports, and cultural sectors—delivering world-class experiences that inspire both local communities and international audiences.
Commenting on the announcement, CEO of the Saudi Automobile and Motorcycle Federation Khalid Al-Suwaidan said: 'We are proud to expand our partnership with Qiddiya Investment Company. Their involvement will help unlock the full potential of the Jeddah Corniche Circuit – the fastest street circuit in the world – and further solidify Saudi Arabia's position on the global motorsport map.'
'This partnership is a testament to our commitment to delivering exceptional sporting experiences on a global scale. We are confident it will pave the way for continued achievements, embedding sport more deeply into everyday life while enhancing the Kingdom's image on the international stage,' Al-Suwaidan added.
Managing Director of Qiddiya Investment Company Abdullah AlDawood said: 'We are proud to be a Founding Partner of the Formula 1® stc Saudi Arabian Grand Prix 2025, one of the most prestigious events on the global sporting calendar. This partnership reflects Qiddiya's commitment to bringing world-class experiences to the Kingdom and supporting the continued growth of motorsport in Saudi Arabia. As we develop Qiddiya City into the future capital of Entertainment, Sports, and Culture, initiatives like this play a key role in shaping a vibrant and dynamic future for our youth and reinforcing Saudi Arabia's position on the world stage.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab News
40 minutes ago
- Arab News
Madrid to host grand prix as Formula One announces 2026 calendar
HONG KONG: Spain will host two Formula One grands prix in 2026, with the new race in Madrid joining Barcelona, after organizers on Tuesday announced the calendar for a season that could bring big changes on the grid. For the latest updates, follow us @ArabNewsSport
Saudi Gazette
2 days ago
- Saudi Gazette
Al-Falih: Saudi Arabia is keen on supporting Syrian economy's stability
Saudi Gazette report RIYADH — Minister of Investment Eng. Khalid Al-Falih emphasized Saudi Arabia's commitment to supporting the stability and development of the Syrian economy. He also underlined the need to serve common interests and enhance regional economic prosperity. Al-Falih made the remarks during a meeting with the Syrian Minister of Economy and Industry Dr. Mohammad Nidal Al-Shaar, via videoconference, on Sunday. He emphasized the importance of creating an environment for expanding regional investment partnerships. The ministers discussed prospects for investment cooperation between the two countries and reviewed the promising economic opportunities in the Syrian market. Their meeting addressed potential areas of public-private partnership and ways to enhance qualitative investments in the production and service sectors, contributing to supporting economic development and opening new channels for integration between the two countries.
Leaders
5 days ago
- Leaders
Inzaghi named Saudi Arabia's Al-Hilal coach after Inter Milan exit
Simone Inzaghi was appointed head coach of Saudi Arabia's Al-Hilal, a day after leaving Inter Milan and less than two weeks before the club's opening match at the FIFA Club World Cup. The 49-year-old Italian signed a two-year contract reportedly worth more than 20 million euros ($23 million) per season. 'The Italian genius is here,' Al-Hilal said in a post on social media. Inzaghi's move comes days after Inter were thrashed 5-0 by Paris St Germain in the Champions League final on Saturday — the heaviest defeat in a major European final in the competition's 70-year history. He led Inter to the Serie A title last season and was in charge when they lost the 2023 Champions League final to Manchester City. Inzaghi spent four years at the Milan club. Al-Hilal face Real Madrid in their Club World Cup opener on June 18 at Hard Rock Stadium in Miami Gardens, Florida. Short link : Post Views: 13 Related Stories
