Manama, January 12 (BNA): His Highness Sheikh Khalid bin Hamad Al Khalifa, First Deputy Chairman of the Supreme Council for Youth and Sports, Chairman of the Public Sports Authority, and Chairman of the Bahrain Olympic Committee issued directives to establish the Financial Authority. General Sports Authority portfolio.
This decision was taken by His Highness during his council meeting at Al Wadi Palace.
The meeting was attended by His Highness Sheikh Salman bin Mohammed Al Khalifa, Vice President of the General Sports Authority, Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, and Issam bin Abdullah Khalaf, Minister of Works, Municipalities Affairs and Urban Planning. Ayman bin Tawfiq Al-Moayyed, Minister of Youth and Sports Affairs, Samir Abdullah Nass, President of the Bahrain Chamber of Commerce and Industry, Sheikh Nawaf bin Ibrahim Al Khalifa, CEO of the Electricity and Water Authority, Jamal Abdulaziz Al-Alawi, CEO of the Market Regulatory Authority (LMRA), and Khalid Ibrahim Humaidan, CEO of the Economic Development Board, and Hussain Mohammed Rajab, CEO of the Labor Fund (Tamkeen), Khalid Al Rumaihi, CEO of Bahrain Mumtalakat Holding Company, and Dr. Abdul Rahman Sadiq Askar, CEO of the Public Sports Authority.
His Highness welcomed the attendees and conveyed to them the greetings of His Majesty King Hamad bin Isa Al Khalifa.
His Highness expressed the wishes of His Majesty the King to him for continued success in their tasks and duties, which are in line with the vision of the government led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. Achieving the objectives of the Bahrain Economic Vision 2030.
During the meeting, His Highness Sheikh Khalid reviewed the objectives of the financial portfolio of the General Sports Authority, which is based on providing facilities and privileges to supporters and investors in the sports sector.
His Highness aims to make this financial portfolio productive of opportunities that enhance the direction of investment in sports and support the efforts of the General Sports Authority in implementing development projects.
Moreover, these projects help achieve levels of professionalism in sports, which can be converted into an important industry with recreational qualities that serve the development of the sports work system and push it towards higher levels with more achievements.
His Highness discussed with the attendees the development of short and long-term plans and visions through which the available investment opportunities can be seized.
In addition to diversifying the investments in the portfolio, His Highness stressed the importance of concerted efforts to achieve the desired achievements that advance the Bahraini sports movement.
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