Riyadh, KSA – 2024  Blockchain Sports Ecosystem, a UK-based tech company, and Alpha JOSSOR Investments, a Saudi-based investment firm, have signed a Memorandum of Understanding (MoU) in Riyadh to develop an innovative sports complex. This landmark project aims to position Saudi Arabia as a global hub for sports and entertainment through cutting-edge technology and strategic investments, with an estimated value of $3.3 billion.

Key Highlights

• Sports Academy: The project will establish a state-of-the-art sports academy that will prepare local and international players for global sports events, utilizing the latest integrated training solutions.
• Digital ID Platform: A blockchain-based platform for identifying and nurturing young talent. The platform will securely manage athlete data, enabling transparent scouting and development.
• Real Estate Development: Surrounding the academy, the project will develop a smart city concept featuring 1,500 villas and 3,330 apartments, contributing to $1.6 billion of real estate investments aimed at promoting sustainable, eco-friendly living.

Significance of the Partnership

This collaboration reflects Saudi Arabia’s ambitions to become a major player in the global sports and entertainment industry, aligning with the country’s Vision 2030. The project will boost foreign investment and attract tourism, supporting the Kingdom’s economic diversification efforts.

Strategic Support from Football Icons

The MoU signing ceremony was attended by notable football stars such as Kevin Kuranyi, Jay-Jay Okocha, Mikael Silvestre, and Jens Lehmann, who endorsed the partnership. Their presence underscores the project’s potential to set new standards for sports excellence on a global scale.

Statements from Key Partners

Dmitry Saksonov, Founder of Blockchain Sports Ecosystem, commented:
“This partnership marks a significant milestone, not only for Saudi Arabia but for the entire MENA region. Our advanced technologies will elevate the standards of sports training and management, placing Saudi Arabia at the forefront of the global sports community.”

Faisal Janahi, CEO of Alpha JOSSOR Investments, added:
“This partnership bridges global expertise with local investment opportunities, paving the way for a new era of sports innovation in Saudi Arabia, while aligning with our vision for sustainable economic growth.”

Advanced Technology Integration

Blockchain Sports Ecosystem, with over 1,200 experts in tech and sports across three continents, will bring its expertise in AI, blockchain, XR technologies, and performance tracking to revolutionize sports training and talent management. The company has a proven track record, partnering with more than 30 football academies worldwide and training over 10,000 players.

Real Estate and Sports Integration

The real estate aspect of the project will enhance the region’s attractiveness to investors. The development of residential facilities around the sports complex will promote sustainable urban living, aligned with the concept of a smart city. A digital real estate platform will be introduced to facilitate the buying, selling, and management of properties within the complex.

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About Blockchain Sports Ecosystem

Blockchain Sports Ecosystem is a global leader in merging sports and technology through AI, VR, and blockchain solutions. The company operates internationally, with headquarters in Dubai and offices in Brazil, Germany, Cyprus, Japan, and Hungary. Blockchain Sports is committed to building the future of sports through technology-driven innovation.

About Alpha JOSSOR Investments

Alpha JOSSOR Investments is dedicated to fostering high-impact investments, particularly in innovative projects that align with Saudi Vision 2030. The company specializes in attracting both local and international investments, contributing to the Kingdom’s goal of becoming a leading investment destination.