FIFA agreed to more Saudi Arabia investment on Monday by announcing up to $1 billion in Saudi-backed stadium-financing loans for developing countries.

The Saudi Fund for Development and FIFA said the subsidized loans would be offered to member football associations to build or revamp stadiums.

Saudi Arabia will host the men's World Cup for the first time in 2034.

FIFA has also signed Saudi state oil company Aramco to be a 2026 World Cup sponsor.

FIFA president Gianni Infantino called the agreement "a crucial step in ensuring our FIFA Member Associations have the facilities to make football truly global."

In a news release, FIFA said the deal "underscores a shared commitment to support developing nations in strengthening their sports ecosystems as part of broader efforts to advance s

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