Blockchain Sports Ecosystem, a UK-based tech company, has signed a Memorandum of Understanding (MoU) with Alpha Jossor Investments, a Saudi-based investment company, to explore the development of one of the MENA’s biggest innovative sports complexes.
The sports complex will be designed using advanced hi-tech solutions and to attract direct investments into the sports and entertainment industries, with a cumulative value of $3.3 billion.
The MoU was signed by Blockchain Sports Ecosystem’s Founder Dmitry Saksonov and Alpha Jossor Investments’ Chairman Abdulrahman Al-Qarni. Top football stars Kevin Kuranyi, Jay-Jay Okocha, Mikael Silvestre, and Jens Lehmann were present at the signing ceremony in Riyadh, to endorse the strategic partnership.
The innovative complex in Saudi Arabia will include an advanced football academy featuring the latest integrated training solutions, along with real estate development aligned with the concept of a smart sports city. The creation of new real estate facilities will contribute to the development of tourism and the attractiveness of foreign investment in the region in preparation for global sports events. The representatives of the Blockchain Sports Ecosystem across three continents, along with the private sector representatives, will participate in implementing this massive project.
“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.”
Alpha Jossor Investments acts as a strategic partner for the private sector, connecting with global specialized companies and attracting foreign and local investment for innovative projects in line with Saudi Vision 2030. Its expertise lies in identifying, planning, and managing high-performance investment opportunities across various industries. Alpha Jossor Investments has expressed its readiness to invest in the private sector and actively contribute to implementing the plan at all subsequent stages.
The MoU also involves the real estate aspect. It includes the launch of a digital real estate platform facilitating buying, selling, and management of properties within the digital domain. It will include additional private developments around the football academy, with investments estimated at $1.6 billion, including 1,500 villas and approximately 3,330 apartments, which will be built under the smart city concept to promote sustainable and eco-friendly urban living.
“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.
With a team of 1200+ tech and sports experts and offices in 8 countries across 3 continents, Blockchain Sports Ecosystem is the first international ecosystem to build the future of sports by combining advanced performance tracking, AI, XR, and blockchain technologies. The Blockchain Sports Football project is part of the ecosystem.
The company partners with more than 30 football academies around the world, which train ten thousand football players. Three football academies in Brazil were founded by Blockchain Sports Ecosystem where more than 600 teenagers from low-income families are improving their football skills.
Under the professional coaches’ guidance and new technologies control, promising players are training to become the world’s top footballers within a few years. The company also works to introduce the innovative FootUnion app, the first sports social network for teens to integrate engaging learning methods and provide real-world pathways to professional sports.
Over 50 football top players have endorsed Blockchain Sports Ecosystem activities. The renowned players Romario, Zico, Edmilson, Marco Materazzi, Ze Roberto, and Kevin Kuranyi are among the company’s ambassadors. Additionally, Wesley Sneijder, David Trezeguet, Essam El Hadary, William Gallas, Diego Lugano, Maicon, and many others are partners of the Blockchain Sports Ecosystem.
The project will leverage their vast football experience and status to create a sports cluster of the highest international level. On top of that, the Photochain project was developed to capture video memories of football stars talking about their professional journeys. The interviews will help to gain insights and serve as the foundation for the design of the upcoming cutting-edge sports facility in Saudi Arabia.
An important part of the MoU is the digital ID Platform that will be created for athlete identities, allowing secure and transparent transactions within the sports industry. The partner academies from over 16 countries around the world will be connected to the platform to collect analytics and identify the best football players who will be given a chance to study at a high-quality academy in Saudi Arabia.
The platform will be the first solution for storing data on athletes and will launch the global process of scouting players across the world. The integration solutions using blockchain technology will optimize the processes and data storage security.
All the Blockchain Sports Ecosystem’s technologies are protected as intellectual property by INTEROCO Copyright Office, Germany, with recognition in 181 countries globally (including KSA) with the LONDON-Rate endorsed valuation report.
