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Finance World Magazine| Edition: October 2024

This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East." Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE. In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.

This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East."

Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE.

In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.

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Middle Eastern brands are making<br />

significant strides in global<br />

sports sponsorship, utilizing<br />

high-profile partnerships to enhance their<br />

visibility and connect with international<br />

audiences. By aligning with leading sports<br />

organizations and events, these brands<br />

are strategically positioning themselves<br />

on the global stage. This article explores<br />

the varied approaches Middle Eastern<br />

companies are taking across different<br />

sports and highlights the impact of these<br />

investments on their global presence.<br />

Football: A Dominant Presence<br />

Football is a key area where Middle<br />

Eastern brands have established a dominant<br />

presence. Emirates, a trailblazer<br />

in sports sponsorship, has cultivated<br />

long-term relationships with some of the<br />

world’s most prestigious football clubs,<br />

including Real Madrid, Arsenal, and AC<br />

Milan. These collaborations are more<br />

than just advertising; they are integral to<br />

Emirates’ branding strategy. By placing<br />

its logo on team jerseys, stadiums, and<br />

digital platforms, Emirates effectively<br />

amplifies its luxury image and taps into<br />

football’s massive and passionate fanbase.<br />

This strategic approach not only boosts<br />

brand awareness but also fosters deeper<br />

connections with fans around the world.<br />

Similarly, Qatar Airways has heavily<br />

invested in football sponsorships, securing<br />

deals with top clubs such as Paris<br />

Saint-Germain (PSG) and FC Bayern<br />

Munich. These partnerships align with<br />

Qatar’s broader vision of becoming a<br />

global sports hub—a vision prominently<br />

highlighted by its role as the host of the<br />

2022 FIFA <strong>World</strong> Cup. By associating<br />

with elite football clubs, Qatar Airways<br />

enhances its global brand recognition<br />

and underscores its commitment to<br />

supporting high-profile sports events.<br />

These sponsorships not only elevate the<br />

airline’s status but also reinforce Qatar’s<br />

emerging role as a major player in the<br />

global sports arena.<br />

Middle Eastern brands are also active<br />

in sponsoring major football tournaments,<br />

such as the AFC Asian Cup. This involvement<br />

not only helps connect with local<br />

audiences but also supports the growth<br />

of the sport within the region.<br />

Formula 1: Accelerating Brand Visibility<br />

Formula 1 offers a dynamic platform for<br />

Middle Eastern brands seeking global<br />

recognition. The sport’s association with<br />

speed, innovation, and luxury resonates<br />

with the values of many Middle Eastern<br />

companies. For instance, Saudi Aramco,<br />

one of the world’s largest corporations,<br />

became a major sponsor of Formula 1<br />

in 2020. This partnership aligns with<br />

Aramco’s strategy to enhance its global<br />

brand presence and support sustainability<br />

goals, as F1 increasingly emphasizes<br />

energy innovation and environmental<br />

stewardship.<br />

Etihad Airways is another prominent<br />

Middle Eastern sponsor, particularly<br />

noted for its backing of the Abu Dhabi<br />

Grand Prix, a flagship race on the F1<br />

calendar. This sponsorship not only<br />

boosts Etihad’s global visibility but<br />

also supports Abu Dhabi’s aspiration to<br />

position itself as a premier sports and<br />

tourism destination. The event attracts<br />

international attention, showcasing the<br />

UAE as a hub for luxury and world-class<br />

experiences, and reinforcing the nation’s<br />

strategic vision on the global stage.<br />

Golf and Tennis: Engaging Affluent<br />

Audiences<br />

In golf and tennis, Middle Eastern brands<br />

are making notable strides, targeting<br />

sports that attract affluent, high-networth<br />

individuals. These sports offer<br />

a platform for brands to engage with<br />

a sophisticated audience that values<br />

exclusivity and premium experiences.<br />

Rolex, a luxury watch brand with strong<br />

ties to the Middle East, sponsors major<br />

tournaments such as the Dubai Desert<br />

Classic and the Qatar Open. Although<br />

Rolex is not a Middle Eastern brand,<br />

its prominent presence in the region<br />

underscores the interconnectedness of<br />

luxury branding and regional sponsorship<br />

landscapes.<br />

Regional players like Dubai Duty-Free<br />

are also active in tennis sponsorships,<br />

notably backing the Dubai Tennis Championships.<br />

These high-profile tournaments<br />

attract top-ranked players and global<br />

fans, providing Middle Eastern brands<br />

with a prestigious platform to engage<br />

with a discerning audience. By supporting<br />

such events, these brands reinforce<br />

their image as champions of excellence<br />

and tradition.<br />

Esports: Connecting with the Digital<br />

Generation<br />

Esports represents a rapidly growing sector<br />

with a massive global following, making<br />

it an attractive sponsorship opportunity<br />

for Middle Eastern brands. The sector<br />

appeals to a young, tech-savvy audience,<br />

making it ideal for brands looking to<br />

connect with the next generation. Saudi<br />

Telecom Company (STC) has emerged<br />

as a leader in this space, sponsoring<br />

esports tournaments and teams across<br />

the region. STC’s involvement in esports<br />

reflects its broader strategy to embrace<br />

digital transformation and engage with<br />

younger audiences increasingly drawn<br />

to digital entertainment.<br />

The interactive nature of esports allows<br />

brands to create deeper connections<br />

with their target audiences. By investing<br />

in esports, Middle Eastern companies<br />

position themselves as innovative and in<br />

tune with evolving consumer preferences,<br />

tapping into the expanding esports<br />

economy and leveraging its potential for<br />

brand engagement.<br />

Strategic Partnerships: Global Sports<br />

Initiatives<br />

Middle Eastern brands are not limiting<br />

their influence to individual sponsorships;<br />

they are also aligning with broader global<br />

sports initiatives to bolster their international<br />

profiles. For example, Expo 2020<br />

Dubai’s partnership with Manchester City<br />

highlighted Dubai as a world-class event<br />

destination, showcasing the city’s capabilities<br />

in hosting large-scale, innovative<br />

events. This partnership was instrumental<br />

in promoting Dubai’s image as a global<br />

hub for sports and cultural activities.<br />

Similarly, Saudi Arabia’s Public Investment<br />

Fund (PIF) acquired Newcastle<br />

United Football Club in the English<br />

Premier League, reflecting the region’s<br />

growing influence in global sports. This<br />

strategic investment not only enhances<br />

brand visibility but also allows Middle<br />

Eastern entities to play an active role in<br />

shaping the future of international sports.<br />

Middle Eastern brands are making<br />

strategic moves in global sports sponsorship,<br />

leveraging high-profile partnerships<br />

to elevate their visibility and influence.<br />

From football and Formula 1 to golf,<br />

tennis, and esports, these brands are<br />

harnessing the power of sports to connect<br />

with global audiences and project their<br />

values on the world stage. As the region<br />

continues to diversify its economies and<br />

invest in international sports, Middle<br />

Eastern brands will undoubtedly play an<br />

increasingly prominent role in the global<br />

sports sponsorship landscape.<br />

Oct <strong>2024</strong> www.thefinanceworld.com 67

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