<h1>Major international cricket and cultural festival set for November 2025 launches commercial investment vehicle to professionalize sport</h1> A Gulf state launched a major international cricket and cultural festival scheduled for November 2025, announcing creation of a commercial cricket investment vehicle as the federation's commercial arm to develop, commercialize and professionalize the sport. The investment vehicle has entered a strategic partnership with a private sports holding to deliver a four-day festival, a novel two-player tournament format, and a pipeline of franchise and grassroots competitions across the region. Organizers project multi-million local currency revenues and plan year-round events, merchandise and media initiatives. The announcement raises commercial, regulatory and governance considerations related to event hosting, sponsorship arrangements, league franchising and long-term public-private sport development commitments.