Saudi Arabia will host the first World Boxing Super Series Cruiserweight final in May next year as well as its first-ever global motorsport event, featuring stars from Formula One, World Rally Championship, IndyCar, NASCAR, sportscars and touring cars competing against each other.
President of Saudi Arabia's General Sports Authority Turki Al-Sheikh signed agreements with organizers during a trip to London this week.
"This agreement is part of our broader commitment and work to develop the sport of boxing in Saudi Arabia", al-Sheikh said.
The Red Sea city of Jeddah will organize in May World Boxing Super Series cruiserweight final.
It will be the first global motorsport event to take place in the Kingdom, and it becomes the tenth different country to host the ROC event, which pits drivers from different disciplines against each other in head-to-head competitions.
The Race of Champions will for the first time be held in the Middle East as organisers have announced that Saudi Arabia will host the event next year.
"Having the first final of such a high profile and groundbreaking tournament take place in Saudi Arabia is a key milestone for us, and will be one of many major sports events to take place in the Kingdom next year", Fightnews.com quoted al-Sheikh.
"Race Of Champions is more than just a race: it is a truly global contest that includes numerous world's best drivers along with top-quality entertainment for families".
A deal was struck between WBSS organizer and owner Comosa AG and The General Sports Authority of Saudi Arabia to hold the showpiece final in Jeddah, Saudi Arabia with May being pencilled in as the date.
The venues of both semi-finals, which are expected to take place in the second half of January next year, will be announced in due course with the showpiece final will taking place Saudi Arabia in May.
"The interest in boxing amongst young youth is there and is growing rapidly, which is why GSA is also working with forming a grassroots partnership with one of the largest worldwide boxing federations to promote the sport".
The event's penultimate prize, the Muhammad Ali trophy, will be awarded to the victor of the contest in the final stage of the inaugural season, which has seen growing worldwide attention and broadcast coverage across more the 60 countries since its launch back in July. "We are proud to be working with the Saudi General Sports Authority on what will undoubtedly be one of the highlights of the 2018 sporting calendar in Jeddah", he added.