In what ways has Saudi Arabia engaged with international sports?

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Saudi Arabia has significantly invested in international sports, hosting high-profile events such as the 2022 Asian Games and the 2029 Asian Winter Games. They also secured the rights to host the LIV Golf Invitational Series, and have partnered with prominent sports organizations to establish a Saudi Professional League. What drove this increased involvement?
 
Saudi Arabia invests in sports because it seeks to expand their economic base while generating income from multiple sectors. The way they are developing their sports sector tells us their strategy to shift away from oil exports a little bit.
 
Saudi Arabia has invested a lots of money in major world project. So, we can anticipate Saudi Arabia to invest money in international sports as well. A time will come when major world sporting events will be held in Saudi Arabia. Who knows if Saud Arabia will allow tourist to visit the country. Saudi Arabia might soften the visa policy as well.
 
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