Cristiano Ronaldo Set to Make 1st Investment in Saudi Arabia as His Business Goes Global

Cristiano Ronaldo is living a lavish life in Saudi Arabia. It has been a year since he came to Al Nassr, and the Portuguese star continues to enjoy and develop the soccer landscape of the Gulf country. But it seems CR7 is set to reap the fruits of the Middle East’s financial prowess as he looks to make his first-ever business investment in the country to grow his global venture. 

Even on the pitch, the striker continues to excel at his domestic side and lead their path to glory. 

Cristiano Ronaldo gears up to add CR7 flavor to Saudi Arabia’s business scene

Besides the sporting perspective, bringing Cristiano Ronaldo to Al Nassr was viewed as a financial investment. While the Portuguese superstar was proving to excel on and off the field, the captain just took a huge business leap. Reportedly, Ronaldo’s hotel business, the Pestana CR7, is currently in talks to establish its inaugural branch in the city of Riyadh.

The 38-year-old sees it as a great business move as the hotel venture is guaranteed to flourish, given his fandom. Currently, the Pestana CR7 has two branches in Portugal (Lisbon and Madeira), one in Spain (Madrid), the United States (New York), and Morocco (Marrakech).

Perhaps a sixth hotel is underway, as we may see one in Saudi Arabia very soon. However, as of now, nothing has been officially confirmed. 

It is quite big news for Cristiano Ronaldo, who is on the lookout for a major financial boost. While he must be happy with this development, his other investment in his homeland has turned into a nightmare. Let’s dive deeper. 

CR7’s investment in Portugal has become a nightmare

Aside from business projects, the soccer icon is currently occupied with a personal project. The Al Nassr skipper is building his dream house in Quinta da Marinha de Cascais, Portugal. The construction of 27,000 square meters of land started three years ago. However, it is draining both the finances and time of the veteran. So far, he has spent $35 million on his retirement house. 

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Additionally, the neighbors are rather frustrated than happy with his arrival, as they are facing many problems. Furthermore, the mansion, which is filled with state-of-the-art facilities, provides no privacy. It sits next to a golf course, which CR7 tried to buy but failed. It remains to be seen how he navigates through such setbacks.

Any thoughts? Let us know in the comments below.

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