Athlete / Formula 1 Saudi Grand Prix signs a strategic partnership agreement with stc The Saudi Press Agency

Jeddah 24 Safar 1443 AH corresponding to 01 October 2021 AD
The Saudi Grand Prix for Formula 1 announced the signing of a strategic partnership agreement with stc to provide support for the major event hosted by the Kingdom during the period from 3 to 5 December, and the race will be the penultimate round of the season, which consists of 23 rounds.
The agreement was signed in the presence of His Royal Highness Prince Muhammad bin Khalid Al Abdullah Al-Faisal, Chairman of the Board of Directors of stc Group, His Royal Highness Prince Khalid bin Sultan Al Abdullah Al-Faisal, Chairman of the Board of Directors of the Saudi Automobile and Motorcycle Federation, and the CEO of stc Group, Eng. Olayan bin Muhammad Al-Wateed, At the headquarters of stc Group.
His Highness, the President of the Saudi Automobile and Motorcycle Federation, Prince Khaled bin Sultan Al-Abdullah Al-Faisal, valued this cooperation, stressing the importance of the Formula 1 race as one of the most prominent sporting events, which enjoys the attention and follow-up of motor racing fans, who will have the opportunity to follow it from the heart of the event in Jeddah during Next December, where this edition is of great importance as it is being organized for the first time in the Kingdom, indicating the keenness of the Saudi Automobile and Motorcycle Federation, as the body responsible for promoting the Saudi Formula 1 Grand Prix for the 2021 season, to strengthen local partnerships and make a qualitative shift in sponsoring international sporting events. “.
His Highness said: “Formula 1 has a broad fan base of more than 500 million fans, and 1.9 billion viewers on television, and from this point of view, this sponsorship constitutes a motivation and reinforcement for the Kingdom’s goals stipulated in Vision 2030, and we are proud of the concerted national efforts to contribute to the success of the event. And highlight the efforts made to achieve the ambitious vision goals.
For his part, His Royal Highness Prince Muhammad bin Khalid Al-Abdullah Al-Faisal, Chairman of the Board of Directors of stc Group, welcomed the signing of this partnership with the Saudi Automobile and Motorcycle Federation to support the success of the Kingdom’s hosting of the Formula 1 Saudi Grand Prix, as this hosting is of great importance to followers of international races, and its establishment in Jeddah is a confirmation On the great potential of our country, and the confidence of those in charge of the award in the success of the expected organization.
For his part, the CEO of stc Group, Eng. Olayan bin Muhammad Al-Watied, confirmed that Formula 1 races are of great interest to a wide segment of Saudi society, in addition to the millions of followers it finds around the world.
He said: “We were keen to participate in this important global event hosted by the Kingdom, where stc will support it by providing the latest communications and information technology solutions to enable everyone to enjoy an advanced digital technology experience, in continuation of our strategy aimed at supporting the inspiring initiatives and events hosted by the Kingdom in all fields.” .
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Athlete Formula Saudi Grand Prix signs strategic partnership agreement stc Saudi Press Agency

 
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