NewsReal estate

Melee, Adeer Holding Sign MoU to Establish Joint Company for Sports and Social Club Development in Saudi Arabia

In a new effort to enhance Egyptian-Saudi cooperation, Melee Company has signed a memorandum of understanding (MoU) with Adeer Holding, affiliated with Sumou Holding, to establish a new company focused on developing, equipping, and managing social sports clubs in the Kingdom of Saudi Arabia.

This collaboration aims to facilitate the exchange of experiences and investments between the Egyptian market, the Saudi market, and global markets. Melee Company brings its expertise in managing and operating social and entertainment clubs to support this venture.
The agreement was signed by Gasser Bahgat, Chairman of Melee, and Saeed Al Nahdi, Managing Director of Adeer Holding.
According to the MoU, the newly established company will be responsible for developing, equipping, and managing a group of social sports clubs throughout Saudi Arabia. These clubs will be the first of their kind in the Kingdom, offering social sports and recreational activities, including a specialization in equestrianism.
Melee, as the first Egyptian company to develop this type of club outside Egypt, aims to meet the growing demand for high-quality entertainment facilities and promote a healthy lifestyle for Saudi citizens.
Gasser Bahgat expressed his pleasure in collaborating with Adeer Holding, one of the largest investment entities in Saudi Arabia’s real estate industry. He emphasized that the partnership will leverage the strengths and resources of both companies to create exceptional social sports clubs.
Bahgat hopes that this step marks the beginning of a series of joint cooperations and real contributions to supporting the sustainable development process initiated by both Egypt and Saudi Arabia, aiming to achieve their goals by 2050.
Saeed Al Nahdi expressed enthusiasm for the collaboration, emphasizing their commitment to creating innovative and sustainable communities aligned with the Kingdom’s Vision 2030.

Related posts

Global Hills Inaugurates New Branch in 6th of October City

Mahmoud khalil

ACUD to sign an international memorandum of understanding with Dongba Town in the Chinese capital Beijing

Mahmoud khalil

Prime Developments is participating in Aqari Abu Dhabi exhibition presenting exclusive offers on all projects for 3 days

Mahmoud khalil

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy

Do you like us? Subscribe Now

Join our newsletter and get all newest submissions first! New stuff everyday!