Arab Finance: Minister of Investment and Foreign Trade Mohamed Farid and Minister of Youth and Sports Gawhar Nabil discussed establishing an investment fund aimed at providing sustainable financing to support and develop promising sports talents across the country, as per a statement.
The talks focused on leveraging investment fund models to offer innovative and financially sustainable products that can help identify, train, and develop athletes, enabling them to reach regional and international levels.
Farid said the proposed fund would provide the necessary financing and financial support for talents across various sports to train and develop their abilities.
He explained that adopting the investment fund model would help achieve financial sustainability while introducing innovative products and mechanisms that serve the sports sector.
He also added that the state has invested heavily in sports infrastructure over the past five years, and that such funds would complement these efforts by ensuring long-term, sustainable financial support for sporting success.
For his part, Nabil noted that the ministry is working with other government bodies and institutions to maximize available resources and open new avenues for sports investment, with the goal of building a sustainable financing model that supports talent discovery and the development of champions across different sports.