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FIFA, Saudi Fund for Development ink Sh129 billion deal to support sports infrastructure in developing nations

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FIFA President Gianni Infantino and SFD’s Chief Executive Officer, Sultan bin Abdulrahman Al-Marshad [FIFA]

Saudi Fund for Development (SFD) and FIFA have joined forces to spearhead a transformative push for sports infrastructure in developing nations, unveiling a Memorandum of Understanding (MoU) that could channel up to USD 1 billion (Sh129 billion) in concessional loans.

The funding is earmarked for the construction and rehabilitation of sports stadiums and essential surrounding facilities across FIFA’s 211 member associations.

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