UAE lauded for sports investment

DUBAI: The UAE has been hailed for its “vision” in sports investment, as it was announced that it would host a forum of industry leaders coinciding with the football World Cup. Bernard Caiazzo, the president of the World Corporate Summit, said that the UAE was perfectly placed to be a “key pillar for achieving future development, due to its proactive vision that has helped accomplish many successes.” His comments came as the WAM news agency reported that his organization had signed a memorandum of understanding with Investopia, a UAE investment platform, to host “The Future of Investment in Sports” forum in Dubai on Dec.

7 and 8. The event will bring together business leaders, investors, decision-makers and officials working in the global football industry, he added.

“International football has changed significantly, especially in Europe and Asia, due to the boom in sports investing,” Caiazzo said, adding that digital media and e-marketing have become key elements. “Football has become an investment activity, just like any activity where investors are seeking the best opportunities.” Caiazzo, who is one of the owners of the French football club Saint-Etienne and formerly worked for the country’s football federation, said business leaders in the sport were encouraged by the decision to organize the event.