Robust performance acknowledged at its annual general meeting
The high-profile December 7 duel, dubbed 'Clash on the Dunes', will see Joshua trying to win back the IBF, WBA and WBO titles he sensationally lost to Ruiz in New York in June.
The bout will take place in Diriyah, which incorporates the UNESCO World Heritage site of Al-Turaif, on the outskirts of Riyadh - a dramatic contrast to the iconic Madison Square Garden which hosted the first fight between the two men which ended in a seventh-round stoppage.
Promoters Matchroom Boxing said the fight details will be officially revealed at a news conference in London on Monday.
The rematch had been widely touted but Cardiff's Principality Stadium was tipped as favourite to stage the event.
In February, Saudi Arabia hosted a first European Tour golf event which was won by former world number one Dustin Johnson while the world's most gruelling motor sports race, the Dakar Rally, will be raced in the country in 2020.
In July this year, British boxer Amir Khan won the WBC international welterweight title with a fourth round stoppage of Australian Billy Dib in Jeddah.
Khan was reportedly paid £7 million to headline the event.
Robust performance acknowledged at its annual general meeting
Israel has baulked at a permanent ceasefire, saying that would only allow Hamas to regroup
Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, presented the awards to the winners in various categories
Apart from the road network, the exclusive island will feature a helipad, and plans are afoot to connect it through waterways from Abu Dhabi and Dubai
Move aims to deepen multi-sectoral cooperation
The new development is setting new benchmarks in luxury living, combining opulent amenities with breathtaking natural landscapes
Brands in the UAE and the region have been advised to create the right awareness schemes that they’re deemed neutral