The sponsorship agreement includes the oil firm’s corporate trackside branding/Blooomberg
by Kudakwashe MuzoriwaSaudi Aramco has entered a sponsorship deal with Formula 1, the state-owned energy giant will become the motor racing sport’s sixth global partner alongside DHL, Emirates, Heineken, Pirelli and Rolex.
The sponsorship agreement includes the oil firm’s corporate trackside branding, title rights to the US, Spanish and Hungarian Grands Prix in 2020 and Formula 1’s integrated digital platforms and broadcasts will also feature Saudi Aramco.
Amin H. Nasser, Saudi Aramco President and CEO, said, “As the world’s largest energy supplier and an innovation leader, we have the ambition to find game-changing solutions for better-performing engines and cleaner energy.’
The two entities plan to identify opportunities for the advancement of sustainable fuels, enhanced engine efficiencies and emerging mobility technology.
MOST READ
BUSINESS
ING Groep plans to sell its Turkish unitBUSINESS
Bahrain considers stake sell in oil assetsBUSINESS
SABB seeks to boost corporate lendingBUSINESS
Egypt plans to resume IPOs of parastatalsBUSINESS
HSBC considering exiting from TurkeyBUSINESS
ADIA plans to sell a $2 billion stake in...BUSINESS
Turkish lira falls as regulator intervenesBUSINESS
Saudi unemployment dips to 12 per cent in Q3...BUSINESS
Dubai economy grew 2.1 per cent in H1 2019,...
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
