FIFA-Saudi new agreement: How will developing countries get Tk 12,000 crore?

FIFA-Saudi new agreement: How will developing countries get Tk 12,000 crore?

FIFA has begun a groundbreaking change in the map of world football in Zurich, Switzerland. Football's highest governing body FIFA (FIFA) and Saudi Arabia's state development agency 'Saudi Fund for Development' (SFD) have entered into a historic partnership. Under the agreement, developing countries will be modernized to modernize their football infrastructure. 1 billion US dollars or about 12 thousand crore taka in Bangladeshi currency A huge loan assistance fund has been formed.

The deal is a new chapter in the huge investments Saudi Arabia has made in football over the past few years. But this time, this mega project is not just about buying stars, but also about strengthening the foundations of football around the world. In today's special report, we will learn about the details of the deal, the geopolitics behind it, the benefits for developing countries and its long-term impact on world football.

Background to the Agreement: A Message from Zurich to the World Stage

FIFA President in a lavish ceremony held at FIFA headquarters in Zurich, Switzerland Gianni Infantino and CEO of Saudi Fund Sultan bin Abdulrahman Al-Marshad He signed this memorandum of understanding.

FIFA has long been talking about expanding football beyond the borders of Europe and South America and spreading it worldwide. On the other hand, Saudi Arabia is 'Vision 2030'They want to establish themselves as a superpower in the field of sports under the umbrella of the Tk 12,000 crore mega fund. When these two goals converged, this Tk 12,000 crore mega fund was born.

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FIFA-Saudi new agreement: How will developing countries get Tk 12,000 crore?

Key features of the agreement:

  • Fund size: 1 billion US dollars (1 billion).
  • Financing Type: Soft Loan and Technical Grant.
  • Goal: Developing countries in Asia, Africa, Oceania and the Caribbean.
  • Implementation: Financing by the Saudi Fund under the technical supervision of FIFA.

Why this huge investment? Saudi Arabia's strategic location

Many may wonder why Saudi Arabia is suddenly funding stadiums in other countries around the world. The answer lies in the year 2034.

The 2034 World Cup and Saudi dominance

Saudi Arabia is the sole claimant to host the 2034 FIFA World Cup. This type of development work is a major diplomatic move to boost its image on the world stage and secure the support of FIFA's 211 member countries. In the language of international relations, it is called 'Soft power diplomacy' It is said.

Aramco and FIFA's commercial relationship

Saudi Arabia's state oil company, Aramco, has already joined FIFA as a sponsor of the 2026 World Cup. This new agreement proves that the relationship between FIFA and Saudi Arabia is no longer limited to hosting tournaments; it has now evolved into a partnership for infrastructure development.

'Game changer' for developing countries

Even though the popularity of football is skyrocketing in Bangladesh, Nepal, and African countries, talented players are dropping out simply due to the lack of good fields. This fund will solve that problem.

Soft Loans

Usually, it is difficult to get loans for sports from the World Bank or IMF and the interest rates are high. SFD will provide loans through this fund at much lower interest rates than the market rate, which will give you a long time to repay.

Infrastructural revolution

What will be done with this money:

  • International standard stadium: Construction of an environmentally friendly stadium in accordance with FIFA guidelines.
  • High-Performance Center: Establishment of a modern gymnasium, recovery center, and medical unit.
  • Grassroots Development: Construction of small-scale turf or training grounds at the district and divisional levels.

FIFA technical assurance

It's not just about giving money. FIFA will ensure that the projects it is funding are designed and built to international standards. That is, it will focus on sustainable development, reducing opportunities for corruption.

Statement by FIFA President and Saudi CEO: Hints at the future

FIFA President at the agreement signing ceremony Gianni Infantino Said:

"To truly globalize football, we must focus on infrastructure. My member associations will now have the opportunity to take their football to the next level. Thank you to the Saudi Fund for Development for coming forward to make this dream a reality."

On the other hand, the CEO of SFD Sultan Al-Marshad Said:

“We believe in the power of sport to change people's lives. We're not just building brick and mortar stadiums, we're unlocking human potential, creating jobs and ensuring a healthy future for young people.”

Socio-economic impact: Development outside the playground

The impact of this 12,000 crore taka will not be limited to just the 90-minute game. It has far-reaching socio-economic implications:

  1. Employment Creation: Thousands of people will be employed in the construction and maintenance of the new stadium.
  2. Tourism Development: Having international-standard venues will allow developing countries to host major tournaments, which will increase sports tourism.
  3. Youth Development: Providing a good playing environment will keep youth away from drugs and crime, which is one of the goals of SFD.
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FIFA-Saudi new agreement: How will developing countries get Tk 12,000 crore?

Challenges and warnings

While the initiative is commendable, some challenges remain in its implementation:

  • Loan repayment capacity: Football federations in developing countries are not financially sound. They need a clear roadmap on how they will repay this debt.
  • Corruption and mismanagement: There is a long history of projects in third world countries being mismanaged. Without strict supervision from FIFA, it will be difficult to make this project a success.
  • Maintenance: There are many examples of stadiums falling into disrepair after construction due to lack of maintenance. Whether maintenance costs will be included under this fund or not is a big question.

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Conclusion:

This joint initiative of FIFA and Saudi Arabia is a major step towards reducing inequality in world football. Until now, European countries have dominated football due to their advanced facilities. If this fund of 12,000 crore taka is used properly, new football superpowers will emerge from Asia and Africa in the next 10-15 years.

Saudi Arabia is not just using its oil money to build its own league, it is also trying to strengthen the backbone of world football—this is undoubtedly commendable. It remains to be seen whether other countries, including Bangladesh, can use this golden opportunity to change the fortunes of their football.

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