The International Automobile Federation (FIA), the world governing body for motorsport and mobility, yesterday announced the re-election of Mohammed Ben Sulayem as its President. This follows the victory of his presidential list in the elections held during the General Assembly in Tashkent, Uzbekistan. Ben Sulayem will begin his second four-year term. During his first term, since his election in 2021, he oversaw a crucial phase of renewal and consolidation of stability within the organization. In a statement yesterday, the FIA said that over the past four years, the Federation has undergone a comprehensive transformation that included improving governance and operations, and restoring the Federation's financial stability. Mohammed Ben Sulayem added: "Under my leadership, the FIA has managed to turn an operating loss of €24 million in 2021 into a strong operating profit of €4.7 million in 2024, which is the strongest financial performance the Federation has achieved in nearly 10 years." He also stated that the FIA forecasts an operating profit of €4.4 million in 2025, reflecting continued momentum and rising financial recovery. "We have overcome many challenges, but today, together, we are stronger than ever," he emphasized. Ben Sulayem also expressed his commitment to continuing to provide the best services to the Federation, to motorsport, to the mobility sector, and to our member clubs around the world. This stability has enabled the enhancement of long-term investments in member clubs and strategic programs worldwide, based on wide-ranging institutional reforms implemented in recent years. These included strengthening financial discipline, improving external audit processes, and updating governance structures, leading to higher levels of transparency, accountability, and professional standards across all sectors of the organization.
