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Smart fitness club operator Armah signs deal with Life Fitness to equip 50 clubs in Saudi Arabia
POSTED 07 Oct 2019 . BY Tom Walker
The deal was signed by the executive teams of Life Fitness and Armah Sports Company
The company behind a health club concept designed to "transform Saudi Arabia's fitness sector" has signed a US$20m equipment deal with Life Fitness.

Armah Sports Company has signed a multi-year agreement which will see Life Fitness equip all of the Armah's 50 new smart sports and fitness clubs, set to be rolled out in Saudi Arabia over the next five years.

As part of the partnership, Life Fitness and Armah Sports Company will work together in building the smart club concept – including fitness equipment and advanced fitness technology.

“As we work to change the way people think about their health, sports and wellness, we vowed to engage the best of the fitness industry in the development of our 50 new smart clubs in Saudi Arabia," said Fahad Al-Haqbani, CEO, Armah Sports Company.

Chris Clawson, CEO, Life Fitness, added: "We're excited to forge this new partnership with Armah Sports Company and look forward to creating a connected experience."

Armah currently has 10 sites under construction and the company's strategy is to create clubs which will cater for all segments of the community.

The first clubs are set to open in 2020 in Riyadh and Jeddah and soon after in Saudi Arabia's Eastern Province.

The company is investing SR1bn (US$270m) in setting up the 50 clubs across the country and is looking to make a "major splash" on the Saudi Arabian fitness market.

While still considered to be in its infancy, the Saudi fitness market is expected to grow rapidly following the launch of the government's National Transformation Programme (NTP) in 2017.

The NTP seeks to get Saudis more physically active, after it was revealed that only about 13 per cent of the population is physically active.

The NTP will see the government throw significant investment behind its ambition to increase the number of active people from 13 per cent to 40 per cent by 2030.

There are currently two main players in the Saudi market: Fitness Time and Bodymasters, with around 30 clubs in the central/eastern region.

The remainder of the market consists of smaller operations and independent health and fitness clubs.
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NEWS
Smart fitness club operator Armah signs deal with Life Fitness to equip 50 clubs in Saudi Arabia
POSTED 07 Oct 2019 . BY Tom Walker
The deal was signed by the executive teams of Life Fitness and Armah Sports Company
The company behind a health club concept designed to "transform Saudi Arabia's fitness sector" has signed a US$20m equipment deal with Life Fitness.

Armah Sports Company has signed a multi-year agreement which will see Life Fitness equip all of the Armah's 50 new smart sports and fitness clubs, set to be rolled out in Saudi Arabia over the next five years.

As part of the partnership, Life Fitness and Armah Sports Company will work together in building the smart club concept – including fitness equipment and advanced fitness technology.

“As we work to change the way people think about their health, sports and wellness, we vowed to engage the best of the fitness industry in the development of our 50 new smart clubs in Saudi Arabia," said Fahad Al-Haqbani, CEO, Armah Sports Company.

Chris Clawson, CEO, Life Fitness, added: "We're excited to forge this new partnership with Armah Sports Company and look forward to creating a connected experience."

Armah currently has 10 sites under construction and the company's strategy is to create clubs which will cater for all segments of the community.

The first clubs are set to open in 2020 in Riyadh and Jeddah and soon after in Saudi Arabia's Eastern Province.

The company is investing SR1bn (US$270m) in setting up the 50 clubs across the country and is looking to make a "major splash" on the Saudi Arabian fitness market.

While still considered to be in its infancy, the Saudi fitness market is expected to grow rapidly following the launch of the government's National Transformation Programme (NTP) in 2017.

The NTP seeks to get Saudis more physically active, after it was revealed that only about 13 per cent of the population is physically active.

The NTP will see the government throw significant investment behind its ambition to increase the number of active people from 13 per cent to 40 per cent by 2030.

There are currently two main players in the Saudi market: Fitness Time and Bodymasters, with around 30 clubs in the central/eastern region.

The remainder of the market consists of smaller operations and independent health and fitness clubs.
RELATED STORIES
Armah Sports partners with Amazon as it looks to create portfolio of smart health clubs


Launched in 2019, Saudi Arabia-based Armah Sports has set itself an ambitious target – to create the first fully-fledged smart fitness clubs in the world and, in the process, become ‘the health club operator of the future’.
Work to begin on ambitious US$500bn NEOM project in Saudi Arabia


Construction work is set to begin on a huge urban development in Saudi Arabia – described as one of the "world's ambitious building projects".
MORE NEWS
UK Active and Savanta launch quarterly consumer engagement insight
Improving physical strength and fitness, mental health and confidence are the main reasons for joining a health club, while cost, time and motivation are the main reasons for leaving.
Snap Fitness' holding company – Lift Brands – is up for sale
Speaking to HCM, global CEO of Lift Brands, Ty Menzies, has confirmed that the company –  owner of Snap Fitness and Fitness On Demand – is up for sale.
Planet Fitness increases price of basic membership for first time in over 20 years
Planet Fitness has announced the repurchase of 314,000 shares at a rate of US$20 million. The Class A common stocks were repurchased and retired, using cash.
Xponential dumps Geisler as company faces investigation by US Attorney’s Office
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We Create Training Spaces! We've been designing and delivering high quality training spaces for alm [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
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18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
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Tel: +44 (0)1462 431385

©Cybertrek 2024

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