fbpx
Monday, January 6, 2025
21.8 C
Abuja

UK Sports Firms See Gulf Boom Amid Trade Deal Progress

LONDON (CHATNEWSTV) — British sports industry companies are experiencing a surge in demand from the Gulf region, fueled by efforts to promote physical activity and ongoing trade deal negotiations with the Gulf Cooperation Council (GCC).

The Department for Business and Trade announced Wednesday that UK firms supplying gym equipment, horse-racing track fencing, and other sports services have seen export successes in Gulf nations like Saudi Arabia, Qatar, and the UAE. The boost comes as the UK seeks to finalize a trade agreement with the GCC that could increase bilateral trade by 16%, adding £8.6 billion annually.

“The sports industry is a great example of British expertise – the demand we are seeing in places like the Gulf is proof of that,” said Trade Policy Minister Douglas Alexander.

“A trade deal with the GCC would build on our already strong trading relationship, make it easier and quicker for UK companies to export, and create exciting opportunities in the region.”

Saudi Arabia, which aims to increase weekly physical activity participation from 13% to 40% by 2030, exemplifies the growing regional focus on sports. According to Ernst & Young, Saudi Arabia’s sports event revenue is expected to reach £2.6 billion this year, up from £1.6 billion in 2018.

British companies are capitalizing on this trend. Cheshire-based Pulse Fitness has seen its Gulf sales soar since 2019, with revenues in Qatar tripling and sales in Saudi Arabia increasing eightfold. The company specializes in accessible gym equipment, including adaptations for users with disabilities.

“As a company, we’ve always been focused on helping as many people as possible enjoy the benefits of exercise,” said David Taylor, Pulse Fitness’s Global Business Development Manager.

“We’ve found our accessible equipment very popular in the Gulf.”

Other firms like Oxfordshire-based Duralock, which supplies fencing for sports venues, and Cumberland’s SIS Pitches, a leader in sports surface installation, are expanding operations in the region.

“The Gulf’s passion for sport, from horse racing to football, continues to create immense opportunities,” said Duralock CEO Jonathon McGovern, whose firm celebrates 25 years of trading in the region.

SIS Pitches has similarly flourished, playing a key role in creating the world’s first indoor hybrid football pitch at Riyadh’s Kingdom Arena.

“The Middle East has become a destination for world-class athletes, driving demand for elite facilities,” said David Ball, Managing Director for SIS Pitches Middle East.

“We’re excited to continue investing in this vibrant market.”

With the New Year marking a traditionally busy period for fitness industries worldwide, UK companies are positioned to thrive as Gulf nations increasingly embrace sports at both grassroots and elite levels.

 

 

Hot this week

Onion Farmers Attribute Price Hike and Scarcity to Flooding, Climate Change

Agency Report The Onion Producers, Processors and Marketers Association of...

President Tinubu To Attend Inauguration of Ghanaian President-Elect

Agency Report President Bola Tinubu will depart Abuja on Monday...

Nigerian Army Promotes First Female Infantry Officer Hajara Egbunu to Warrant Officer Rank

ABUJA, Nigeria (CHATNEWSTV) — The Nigerian Army has decorated...

Winter Weather Disrupts Travel at German Airports and Railways

Agency Report Winter weather with snowfall, sleet and freezing rain...

Saudi Arabia Frees Three Nigerians Acquitted of Drug Trafficking Charges

Agency Report Saudi Arabia has released three Nigerians who were...

Latest

Onion Farmers Attribute Price Hike and Scarcity to Flooding, Climate Change

Agency Report The Onion Producers, Processors and Marketers Association of...

President Tinubu To Attend Inauguration of Ghanaian President-Elect

Agency Report President Bola Tinubu will depart Abuja on Monday...

Winter Weather Disrupts Travel at German Airports and Railways

Agency Report Winter weather with snowfall, sleet and freezing rain...

Saudi Arabia Frees Three Nigerians Acquitted of Drug Trafficking Charges

Agency Report Saudi Arabia has released three Nigerians who were...

Social Democrats deny Scholz to meet Putin before election

Agency Report Germany's Social Democratic Party (SPD) has accused an...

Bandits Kill Miyetti Allah Chairman, Kidnap Wives and Daughter in Katsina

Agency Report Suspected bandits have killed the Katsina State chairman...

Germany’s SPD to include ‘Made in Germany’ bonus in manifesto

Agency Report German Chancellor Olaf Scholz said on Sunday that...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

Osimhen Scores As Galatasaray Beats Göztepe, Dedicates Goal To The Elumelu Twins In Celebration of Their 10th Birthday

ISTANBUL, Turkey (CHATNEWSTV) — Nigerian forward Victor Osimhen continued his scintillating form on Saturday, netting his 10th goal of the season to help Galatasaray...

Mohamed Salah Casts Doubt on Future at Liverpool Amid Contract Talks

LIVERPOOL, England (CHATNEWSTV) — Mohamed Salah has raised more questions about his future at Liverpool after revealing that there has been "no progress" in...

Chelsea Boss Maresca Confirms Four Key Players Will Miss Crystal Palace Clash

LONDON (CHATNEWSTV) — Chelsea manager Enzo Maresca has confirmed that four key players will be unavailable for his side’s Premier League match against Crystal...

Villa linked with Malen as Bayern’s Krätzig set for Heidenheim

Agency Report The first Bundesliga deals of the January transfer window are beginning to take shape, with reports on Friday saying Borussia Dortmund winger Donyell...

Former Germany goalkeeper Kahn eyes investment in troubled Bordeaux

Former Germany goalkeeper Oliver Kahn is interested in investing in troubled French club Girondins Bordeaux. "Talks about a possible entry into Girondins de Bordeaux are...

German world champion Moritz Wagner rules himself out of Euros

Agency Report The German men's basketball team will have to do without NBA star Moritz Wagner at this year's European Championship. The world champion from the...

Heavy Weight Boxing Champ, Anthony Joshua Visits President Tinubu

Two-time heavyweight boxing champion, Anthony Joshua has visited President Bola Ahmed Tinubu at his residence in Lagos State. The presidency disclosed this in a post...

Germany Eyes Nations League Glory in 2025 to Boost Confidence for 2026 World Cup

Agency Report The German football team hopes for Nations League glory in 2025 - which would also give the players confidence for the 2026 World...

Germany Eliminated from United Cup Quarterfinals by Kazakhstan Without Zverev

Agency Report Title holders Germany were knocked out of the United Cup on Wednesday when they fell 2-1 against Kazakhstan in the quarter-finals in the...