PIF involvement will see world-class stadiums built in Riyadh, Jeddah and Yanbu JEDDAH: Saudi Arabia will launch its own professional cricket league and has plans to enter into international cricket investments in cooperation with the Public Investment Fund, the chief of the sport’s federation in the Kingdom has said. For the latest updates, follow us @ArabNewsSport World-class stadiums in Riyadh, Jeddah and Yanbu will also be developed under the plan. It came as the Kingdom hosted the Indian Premier League mega auction for the first time, with top players signing for teams in India’s T20 league, the world’s biggest and most popular. Speaking to reporters at Abadi Al-Johar Arena in Jeddah, Prince Saud bin Mishal Al-Saud, chairman of the Saudi Arabian Cricket Federation, said: “Plans are underway to enter into international investments in cooperation with the Saudi Public Investment Fund that will support their shared ambition to grow cricket at every level of the game in Saudi Arabia. “One of the most important plans is to set us on the path to achieving our vision to make cricket a major sport in Saudi Arabia and at the same time creating our own professional league.” He added: “Part of our strategy aims to build on Saudi Arabia’s cricket infrastructure by developing world-class facilities in Riyadh, Yanbu and Jeddah.” When asked by Arab News about the impact of hosting the IPL mega auction in Saudi Arabia for the first time, he said: “It is a great opportunity for us to host this year’s prestigious auction. With the full support of our government, we are sending a message that it is really a testament to the Kingdom’s commitment to developing cricket here and establishing our country as a global hub for sporting events.” Commenting on upcoming events, he added: “A lot of things are coming on the pipeline, and we are determined to achieve our big ambition. “We have more work to do and we are excited about the future and look forward to working with all our partners to achieve this vision together.” The two-day mega auction began at the Abadi Al-Johar Arena in Jeddah on Sunday. The squads of the league’s 10 franchises — Chennai Super Kings, Delhi Capitals, Gujarat Titans, Kolkata Knight Riders, Lucknow Super Giants, Mumbai Indians, Punjab Kings, Rajasthan Royals, ‎Royal Challengers Bengaluru and Sunrisers Hyderabad — will be finalized on Monday from a pool of 574 players. The IPL will enter its 18th season in March next year, and the Red Sea City is an important stop en route.