Saudi investors sought for Italy stadium project

Saudi investors sought for Italy stadium project
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Published April 13th, 2015 - 13:58 GMT via

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Avellino stadium
Avellino stadium

An Italian businesswoman visiting the Kingdom is eyeing Saudi investors to participate in the reconstruction of a football stadium at a cost of 45 million euros in the Italian city of Avellino.

The businesswoman, Tatyana Lorenzini, CEO of a business investment consultancy firm, and a board member of three companies, told Arab News that their investments will benefit the Italian as well as Saudi investors, will enhance in Italy the image of Saudi Arabia as cradle of Islam and Saudis as football loving nation, and further strengthen the bilateral cultural and friendly relations between the two countries.

She said that the opportunities in Italy for Saudi investment are abundant and not limited to the sports field. "There are a number of fields that can have Saudi investments like real estate, energy, publishing, commercial, tourism and catering that yield satisfying returns with full investment protection," she said.

On the benefits of investing in the Avellino stadium, she said: “There will be many benefits — financial, commercial, cultural and social — because Avellino is an old city with football history.”

The city, capital of the province of Avellino, northeast of Naples, is an important hub on the road from Salerno to Benevento and has the sports club, Associazione Sportiva Avellino, that dates back to 1912 as one of the oldest Italian football teams.

"These investors will have the financial yield of their investment and the influence on the management of a major Italian stadium and shopping and cultural center as well. They will also have the influence of reaching major Italian industrial communities in the region," she said.

Lorenzini pointed out that the project to be built is not merely one for athletes but it will also be a center for business and culture in the city that will enrich the life of the people.

"Further, they will act as a morale and economic booster for local Muslim groups and communities in the region, in addition to contributing to local mosques and Arab support organizations, creating at the same time jobs for the members of these groups and communities,” Lorenzini said.

Copyright: Arab News © 2015 All rights reserved.

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