Home > Practice > Current Affairs > August - 2024 > August 16, 2024
1. Which country's sovereign wealth fund has partnered with the CONCACAF to promote football in North America before the 2026 World Cup?
The Saudi Arabian sovereign wealth fund, the Public Investment Fund (PIF), has partnered with CONCACAF to promote football in North America, ahead of the 2026 World Cup. The agreement aims to bolster CONCACAF's football programs and events, with an emphasis on youth development and women's football. The PIF's investments in various sports, including global football, tennis, and golf, underscore its commitment to sports and global partnerships. Despite controversies, such as its involvement in the murder of Jamal Khashoggi, the PIF seeks to advance its sports portfolio and expand its influence in international sports.