ALBAWABA – Inter Milan, the Italian professional football club, announced the obtain of a new investment license in Saudi Arabia.
Inter Milan investment license in Saudi Arabia
The Suadi Ministry of Investment (MISA) granted an investment license to the Italian club, Inter Milan, to operate in the country. The investment license was presented during a signing ceremony at the Ministry’s headquarters in Riyadh, attended by Javier Zanetti, vice-president of Inter Milan and former Argentine footballer.
This investment license aligns with the sports sector framework of the Saudi Vision 2030, which aims to develop the Saudi League to one of the top 10 leagues globally. It is worth noting that local league clubs were privatized in 2024 in Saudi Arabia.
Inter Milan chooses Riyadh as its regional headquarters
The investment license was presented during a signing ceremony at the Ministry’s headquarters in Riyadh, attended by Javier Zanetti, vice-president of Inter Milan and former Argentine footballer. (Shutterstock)
The famous club announced their plans and commitment to expand in the Saudi market after obtaining the new investment license by the Saudi ministry of investment.
“We’re extremely proud to be the first international football club to obtain the MISA license, which will allow us to collaborate with local businesses to bring our experience and expertise in sports development to the country, contributing to achieving the targets set out in Vision 2030. Through this license, the club is committed to creating value for Saudi Arabia by supporting the development of its sporting sector and promoting the involvement of local businesses as part of our global network,” said Alessandro Antonello, CEO Corporate FC Internazionale Milano.
Javier Zanetti, Vice President FC Internazionale Milano, commented: "Since we first played here in Riyadh, we've been struck by the passion that young Saudis have for our club and we look forward to engaging them even more in the Nerazzurri world. At the heart of what we do at Inter is developing young players, both in footballing terms and, above all, as people. We’re ready to work hard to export our expertise to Saudi Arabia beyond the playing field by impacting social and cultural areas too.”
Inter Milan stated that the Saudi Ministry of Investment is providing the necessary support to help the club strengthen its position in the Middle East through strategic partnerships.
