Doubts surrounding Saudi Arabia and the OCA’s swift move towards Kazakhstan
Víctor García
February 6, 2026

The OCA has moved quickly following Saudi Arabia’s recent withdrawal from what was set to be historic Asian Winter Games. The decision to relocate the 10th Asian Winter Games to Almaty, Kazakhstan, in 2029 — formalised with the signing of the host city contract between the Olympic Council of Asia and the National Olympic Committee of Kazakhstan in Milan — is not merely an organisational adjustment. It is a strategic move that reflects how the Asian sporting landscape is being reshaped in real time, and how Saudi Arabia is beginning to show certain shadows.

Until very recently, the planned host was Saudi Arabia, specifically the ambitious NEOM project and its mountainous development, Trojena. The Saudi bid was disruptive: building almost from scratch a winter sports infrastructure in the middle of the desert, complete with artificial snow, high-tech complexes and a clear message of economic diversification and international positioning. However, a couple of weeks ago Saudi authorities announced that they would not ultimately host the Games in 2029. While the official narrative referred to rescheduling and adjustments, the reality is that developing high-level winter infrastructure in that environment represented an enormous technical and logistical challenge.

Rumours of bankruptcy surrounding Saudi Arabia

Alongside that technical explanation, recent months have brought a more complicated economic backdrop for several major Saudi projects, including significant increases in public debt and corporate restructuring decisions that fuelled market speculation about the sustainability of some large-scale investments in the kingdom, according to economic analysis published by Bloomberg. According to that outlet, there has even been talk of potential bankruptcy scenarios. This climate of financial pressure has led to speculation that such factors, among others, may have influenced the decision to withdraw Saudi Arabia as host of the Asian Winter Games.

In this context, the Olympic Council of Asia has reacted swiftly. It has neither left an institutional vacuum nor allowed uncertainty to linger. Within a matter of days, it secured Almaty as the new host — a city with genuine winter sports experience and existing operational facilities. That rapid move conveys stability and managerial capability.

Kazakhstan, moreover, is no improvised actor. The Central Asian country has previously hosted winter events and has built a solid sporting base, with continued investment in disciplines such as ice hockey, skiing and speed skating, and with athletes who have regularly competed in the Winter Olympic Games and international championships.

For its part, the OCA has shown agility and flexibility in modifying the host city of an event as significant as the Asian Winter Games with only three years’ notice. And as for Saudi Arabia, it appears to be recalibrating its roadmap — in contrast to Kazakhstan, which continues to consolidate its position as a reliable event organiser, as already demonstrated in football and Formula 1, to cite just a couple of examples.

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