Industry News

Jun 03, 2018

Saudi Arabia looks to sports investments to score influence in Egypt

Saudi Arabia recently expanded its investment in the sports sector in Egypt. Turki al-Sheikh, chairman of Saudi Arabia's General Sports Authority and head of the Saudi Arabian Olympic Committee, announced March 20 a Saudi-Egyptian action plan to support Egypt’s ability to organize the World Cup in the near future.

Sheikh’s repeated attendance of Egyptian public events, in addition to his honorary presidency of Al-Ahly soccer club and the large amounts of money he spends (unlike his predecessors), has sparked criticism and raised questions about the goals behind the Saudi spending plan on the sports sector in Egypt.

Jun 08, 2017

Finally, a Comprehensive Sports Law in Egypt

The long anticipated law was unanimously approved by the House of Representatives. It is the first law to comprehensively regulate sports related matters in Egypt. It significantly reduces discretionary powers previously held by the Ministry of Youth and Sports (the “Ministry”) and repeals other conflicting legislation, notably certain sports specific articles of Law No. 77 for 1975 regarding Sports and Youth Institutions. Here the authors consider some key aspects of the new Sports Law.

Jun 04, 2017

The GCC's spending on sporting events and infrastructure

GCC's expenditure on sporting events and infrastructure is currently at US$ 25bn and will increase to US$ 35bn in 2020. Previously unthinkable infrastructure projects were launched including Nakheel’s “The Palms”, the most prestigious of the Dubai property-development company’s list of altogether $30 billion megaprojects under way in 2007.

Jun 04, 2017

Sport tourism from the GCC is rapidly being acknowledged as fast growing sector in the $4.5 trillion global travel and tourism industry

The travel market in the GCC, and particularly the upper end of the market sees travel as integral part of their lifestyle. An interest in travel coupled with passion for sports creates a strong motivation to travel and experience sporting events.

Jun 04, 2017

GCC's health and wellness spending surges and demand soars

Healthcare is a major growth area in the Middle East, with public and private investment in the sector forecast to exceed $150bn in 2016. In the GCC in particular, governments are allocating ever-increasing budget shares to healthcare, to meet soaring demand fuelled by high population growth rates, longer life expectancy and the extension of compulsory health insurance, as well as the spread of lifestyle diseases and chronic illness.

Jun 04, 2017

Saudi's sport and fitness sector valued at US$ 20bn over next five years

A newly released economic report estimated that the value of Saudi sports products retail market is approaching SR30 billion ($8 billion approx.) with an annual growth of 8%. The report also estimated that investment in the Saudi sports market topped Middle East markets. The report provides investment implications that can be described as pivotal that the concerned authorities in the Kingdom support sports and health initiatives with about SR29 billion (approx. $7.7 billion) dedicated to social projects including the construction of new sports centers throughout the Kingdom.

May 03, 2017

Sports Medicine Devices Market to reach USD 8.3 Billion Globally in 2019

Sports Medicine Devices Market (Artificial Joint Implants, Arthroscopy Devices, Fracture Repair Devices, Prosthesis, Orthobiologics, Braces, Performance Monitoring Devices, Accessories, Other Recovery Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global sports medicine devices market was valued at USD 6.1billion in 2012 and is expected to grow at a CAGR of 4.4% from 2013 to 2019, to reach an estimated value of USD 8.3 billion in 2019.

May 12, 2017

SMG launches sports marketing arm in Middle East and North Africa

Starcom Mediavest Group has rolled out its sports marketing practice Sports at SMG across the Middle East and North Africa. The launch follows closely on the heels of similar roll outs in the United States, Russia and Africa, with the division to be headquartered in Dubai and offering fully integrated sports marketing capabilities.

“In an increasingly fragmented landscape sports is still the number one driver of audiences in big numbers across multiple platforms, devices and multiple markets,” 

Apr 13, 2017

Physiotherapy Equipment Market worth $19,786.3 Million by 2019

The Physiotherapy Equipment Market by Equipment, Accessories , Applications & End Users advanced technologies – Global Forecast to 2019” provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.

Apr 10, 2017

Middle East and Africa Sports Medicine Market

The Middle East and Africa Sports Medicine Market was worth $286 million in 2015 and estimated to be growing at a CAGR of 8.17%, to reach $423 million by 2020.

Mar 31, 2017

The Dubai Report: Wellness Trends, Growth and Market Opportunities

Evolving rapidly from a once unstructured, unregulated territory, today, Dubai’s comprehensive infrastructure and flourishing real-estate market are attracting a growing number of homegrown entrants and international players alike, and globally-minded wellness brands are taking notice.

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