– Blockchain Sports Ecosystem and Alpha Jossor Investments have agreed on a Memorandum of Understanding to develop a cutting-edge sports complex in the MENA region, with a combined investment of $3.3 billion in sports and entertainment.

– The MoU includes launching a digital real estate platform for property transactions and management within the digital realm, alongside private developments around a football academy, with an estimated $1.6 billion in investments.

– The new real estate facilities are set to enhance tourism and attract foreign investment in preparation for major global sports events. The signing ceremony in Riyadh featured endorsements from football stars Kevin Kuranyi, Jay-Jay Okocha, Mikael Silvestre, and Jens Lehmann.

Blockchain Sports Ecosystem, a UK-based tech firm led by Founder Dmitry Saksonov, has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Alpha Jossor Investments, represented by Chairman Abdulrahman Al-Qarni.

This partnership aims to develop one of the MENA region’s most innovative sports complexes, leveraging advanced technology and attracting direct investments totaling $3.3 billion into the sports and entertainment sectors.

The MoU outlines the launch of a digital real estate platform designed for the buying, selling, and management of digital properties. It also includes private developments around a football academy, with investments projected at $1.6 billion.

“Alpha Jossor Investments is dedicated to bridging global expertise and local private investor landscape through high-impact investments. Our partnership with Blockchain Sports Ecosystem is a strong step towards creating an innovative sports hub in Saudi Arabia, aligning with our vision for sustainable growth,” Faisal Janahi, CEO of Alpha Jossor Investments.

The new real estate initiatives are expected to boost tourism and enhance foreign investment in the region in preparation for major global sports events.

Representatives from Blockchain Sports Ecosystem, spanning three continents, alongside private sector leaders, will oversee this significant project. The signing ceremony in Riyadh was attended by football stars Kevin Kuranyi, Jay-Jay Okocha, Mikael Silvestre, and Jens Lehmann, who endorsed the strategic partnership.

“I believe the partnership marks a significant milestone and is beneficial for the whole MENA region. The Middle East has proved its ability to bring innovative projects of enormous scale to life. With the advanced technologies Blockchain Sports Ecosystem has developed, the upcoming project will set a new standard for the global sports community. We hope our mutual efforts will make the region prominent in the world’s sports arena”,  Dmitry Saksonov, Founder of Blockchain Sports Ecosystem.