LOC17:13
14:13 GMT
KUWAIT, Feb 14 (KUNA) -- Sports investment law is necessary to strengthen local clubs and unions and increase financial income, affirms Public Authority for Sport (PAS) Director General Hmoud Al-Flaiteh.
The State cannot continue "sponsoring" the unions and clubs (financially) forever, he said during a forum on sports investment, also hinting that other nations have taken strides in athletic investment.
Locally, there have been some good steps too, he has indicated, singling out Sheikh Jaber Al-Abdullah Tennis Complex, due to be inaugurated next year. The venture had been launched according to BOT system
Moreover, Kuwait Sports Club is a pioneer in the investment field, says Al-Flaiteh.
For his part, the deputy general director Husam Al-Saleh affirmed keenness on providing all necessary services and facilities to the sports clubs to make use of the sports investment law.
Chairman of Kuwait Tennis Union Sheikh Ahmad Al-Jaber Al-Abdullah says the tennis complex is being built according to a partnership with a Kuwaiti company adding that the union aspires to organize international tournaments and lure top champions as part of the approach to promote tourism.
Meanwhile, Mohammad Al-Marzouq, Chairman of the realty company Tamdeen, said in a statement at the forum that the complex is one of the most successful projects in the country.
The complex, he says, includes an academy, a school for training junior players, a huge shopping mall and a hotel.
Fahad Al-Ghanim, chairman of the investment committee at Kuwait Sports Club, said the new law would be helpful for the club sports investments, indicating that they would have more financial resources to upgrade their facilities. (end)
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