In order to support efforts to promote the sports sector in the United Arab Emirates, Al Qudra Holding announced at a press conference held at the Royal Meridien in Abu Dhabi today, the selling of 50% of Al Qudra Sports Management to Dubai Investments. The signing ceremony was attended by Eng. Salah Salem Bin Omeir Al Shamsi, Chairman and Managing Director, Al Qudra Holding, and His Excellency Khalid Jassim bin Kalban, Chairman of the Board of Directors, Managing Director and CEO, of Dubai Investments.
“This strategic partnership with Dubai Investments will have a significant impact on a series of projects to be announced shortly by Al Qudra Sports Management.” said Eng. Al Shamsi. “We are confident that Dubai Investments will assist us in developing the facilities required for the hosting and holding of a variety of sports activities set to take place in our country.”
Through its real estate arm, Dubai Investments will build and develop sports facilities that adhere to the highest global standards utilizing the latest technological innovations helping to position the Emirates as a major global sports destination. Al Qudra Sports Management will specialize in providing total sports solutions to various sectors including the government sector, where the company will also provide the expertise and most experienced human cadres. Furthermore, the company will also develop and operate existing sport centers in the country and ensure their services are kept continuously updated.
Commenting on the acquisition, Mr. Kalban said “It is important to identify the right partner to work with in order to ensure that the services provided meet the market’s expectations.”
“Al Qudra Sports Management has a clear and proven track record in promoting the sports and recreational services in the country and buying a stake in the company reflects our keen interest in bringing in unique sports facilities that the country requires.” he added.
The signing ceremony comes a year after the establishment of QDI Sports Management, a partnership between both parties. The joint venture will develop a unique state of art country club, Dubai Premier Club, which will spread over an area of over thirty thousand square meters and will include the latest sports and recreational facilities with the capacity to have 20,000 club members.
