Daily Newsletter

11 July 2024

Daily Newsletter

11 July 2024

AFC and Saudi Arabia’s Neom extend until 2029

The partnership renewal comes with Saudi Arabia set to host the AFC Asian Cup in 2027.

Euan Cunningham July 10 2024

The Asian Football Confederation (AFC) governing body has extended its commercial tie-up with the planned Saudi Arabian megacity Neom until 2029.

Following an initial four-year deal unveiled in March 2021, the two parties have extended in another multi-year tie-up.

This renewal will see Neom continue as an official global partner of the AFC’s club and national team competitions.

In addition, the Saudi project will become a presenting partner for the newly launched Elite Final Stage of the AFC Champions League in 2024-25, as well as for the inaugural AFC Women’s Champions League season, with the 12-team competition set to begin in late August.

The extension comes with Saudi Arabia set to host the AFC Asian Cup (for the first time) in 2027, and the under-23 Asian Cup the prior year.

The deal has been struck by the AFC’s new rights-holding agency, Asia Football Group, which was launched last September.

Other sponsors during the 2021-24 AFC sponsorship cycle have included Japanese financial services firm Credit Saison, Qatar Airways, and online trading platform Pepperstone.

Neom is being built in Tabuk Province in the north-west of Saudi Arabia (with some small sections expected to be ready by 2030) and is intended to be a major technology and sports hub.

Elsewhere across sport, it is a partner of Formula E and Extreme E motor racing team McLaren, and of the Rajasthan Royals of Indian cricket’s IPL.

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