"Saudi Arabia has abandoned its aspirations to host the 2035 Rugby World Cup as a result of the Public Investment Fund's new financial strategy, which prioritizes projects that can produce a return."
"The sports minister confirmed that the kingdom has not submitted an expression of interest to World Rugby and has no plans to do so before the bidding process closes in October."
"PIF will continue to invest in sport but plans to focus on domestic projects, such as infrastructure related to the 2034 football World Cup and the Formula One track near Riyadh."
Saudi Arabia will not pursue hosting the 2035 Rugby World Cup, as confirmed by the sports minister. The kingdom has not submitted an expression of interest and has no plans to do so. A joint bid with Qatar and the UAE has also not materialized. The Public Investment Fund's new strategy prioritizes projects with financial returns, leading to a focus on domestic sports infrastructure instead. LIV Golf will lose funding, requiring private investment to continue, while PIF will invest in projects related to the 2034 football World Cup and Formula One.
Read at www.theguardian.com
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