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Aramco and FIFA Announce Global Partnership: Aramco and FIFA have united in a significant collaboration, with Aramco assuming the role of FIFA’s exclusive energy partner until 2027. This partnership extends sponsorship privileges to esteemed events.
Aramco and FIFA Announce Global Partnership
In a pioneering announcement, Aramco, the Saudi Arabian oil giant, and FIFA, the international football governing body, have forged a strategic global alliance. This agreement, effective until 2027, appoints Aramco as FIFA’s Major Worldwide Partner specifically within the energy sector, granting sponsorship rights for prestigious events such as the FIFA World Cup 2026 and the FIFA Women’s World Cup 2027.
Energizing Football’s Future
Aramco’s President & CEO, Amin Nasser, underscored the company’s dedication to utilizing sports, particularly football, as a platform for societal change and community enhancement. This partnership highlights Aramco’s broader involvement in sports, demonstrated through their ownership of the Al-Qadsiah football team and their initiatives in women’s golf and Formula 1.
FIFA Embraces Aramco
Gianni Infantino, FIFA President, welcomed the collaboration with Aramco, acknowledging its potential to strengthen FIFA’s flagship tournaments and provide support to member associations globally. Notably, Infantino praised Aramco’s commitment to grassroots sports development, hinting at potential future joint initiatives.
Expansion Strategy Beyond Football
While solidifying its presence in football, Aramco concurrently pursues strategic investments in the petrochemical sector. Ongoing discussions with Hengli Group regarding a 10% equity stake in its petrochemical unit align with Aramco’s broader strategy of securing crude oil supply contracts and enhancing its downstream portfolio.
Aramco’s Global Investment Initiative
In addition to the potential partnership with Hengli Group, Aramco’s investment endeavors extend to collaborations with significant players in the petrochemical industry, including Jiangsu Eastern Shenghong and Shandong Yulong Petrochemical. Of note is Aramco’s recent acquisition of a minority stake in MidOcean Energy, indicative of its ongoing efforts to diversify and strengthen its global presence.
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