Latest news with #MohammedAl-Sayyad
New Straits Times
4 days ago
- Business
- New Straits Times
PIF partners with Fifa for 2025 Club World Cup
A week before the inaugural Fifa Club World Cup begins, Saudi Arbia's Public Investment Fund (PIF) has signed on as an official partner of the month-long tournament that takes place at stadiums across the United States. PIF, the kingdom's sovereign wealth fund, makes this move partially in preparation for Saudi Arabia's role as host of the 2034 World Cup. "PIF is creating a legacy of transformative impact in sports including through its partnerships, delivering positive and lasting results at every level, from players and fans to host communities," PIF head of corporate brand Mohammed Al-Sayyad said in a statement. "PIF is at the forefront of growing football around the world following our CONCACAF partnership announced last year and our continued investment in football. We are unlocking opportunities to drive the growth of the sport around the world." The Fifa Club World Cup features some of the most prominent clubs from leagues all over the world. The competition begins Saturday, June 14, with Lionel Messi and Inter Miami (MLS) hosting Egyptian club Al Ahly FC, which has won three recent CAF Champions League titles. According to the Opta Power Rankings, the top five clubs in the tournament are Paris Saint-Germain (France), Manchester City (England), Bayern Munich (Germany), Inter Milan (Italy) and Real Madrid (Spain). Group play begins Saturday and carries through June 26. The knockout rounds begin June 28 with the championship match slated for July 13 at MetLife Stadium in East Rutherford, N.J. The groups are as follows: Group A: Palmeiras, FC Porto, Al Ahly FC, Inter Miami. Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle Sounders. Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica. Group D: Flamengo, ES Tunis, Chelsea, Los Angeles FC. Group E: River Plate, Urawa Red Diamonds, CF Monterrey, Internazionale. Group F: Fluminense FC, Borussia Dortmund, Ulsan HD, Mamelodi Sundowns. Group G: Manchester City, Wydad AC, Al Ain FC, Juventus.
Arab News
10-04-2025
- Automotive
- Arab News
Saudi PIF and Formula E launch global STEM education initiative ahead of Miami E-Prix
MIAMI: Saudi Arabia's Public Investment Fund and Formula E announced on Thursday the launch of Driving Force Presented by PIF, an educational initiative designed to empower the next generation of engineers, scientists, and sustainability leaders. The announcement comes ahead of this weekend's Miami E-Prix. The initiative will roll out in schools across the US, Saudi Arabia, and the UK, offering hands-on STEM and sustainability education to students aged 8 to 18. Combining in-person workshops with digital resources, the program aims to engage more than 50,000 students globally by the end of 2025. The first session took place on Thursday at Keys Gate Charter School in South Florida, where up to 90 students took part in interactive workshops designed to ignite their curiosity in motorsport, engineering, and green technology. The debut aligns with PIF's broader mission of accelerating the development of sustainable electric mobility through its E360 partnership, which unites three high-profile electric racing series: Formula E, Extreme H, and E1 electric powerboat racing. Alejandro Agag, founder and chairman of Formula E, Extreme H and E1, praised the initiative's scope and ambition. 'Since introducing the PIF E360 partnership last year, Formula E and PIF continue to look for opportunities to make a positive, real-world impact,' he said. 'Driving Force Presented by PIF is an example of how PIF is not only elevating motorsports but also inspiring the next generation of talent through STEM education, which plays a crucial role in the future of sustainable mobility and green technology.' Mohammed Al-Sayyad, head of corporate brand at PIF, echoed the sentiment. 'PIF is committed to supercharging the growth and transformation of electric motorsport, and through our partnership with E360, we are collaborating with our partners to accelerate progress, maximize impact, and deliver powerful unified programs,' he said. 'For the first time, we are bringing together Formula E, Extreme H and E1 to expand the Driving Force program and drive transformative impact by empowering youth who are the innovators of tomorrow,' he added. The launch of Driving Force also marked the beginning of 'Supercharged,' a new PIF campaign designed to amplify innovation and sustainability through the E360 platform, with a focus on driving technological advancement and positioning green innovation at the heart of future mobility solutions.
