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Sport Clubs Company SCJSC has signed a land lease agreement to establish two new sports clubs in Khamis Mushait, marking another step in its network expansion. The contract is valued at SAR 22.8 million. The development is expected to strengthen the company's presence in the region by adding new fitness and sports facilities. The agreement aligns with the company's ongoing growth strategy as it continues to expand its footprint across Saudi Arabia to cater to rising demand for organised fitness and wellness services.
Sport Clubs Company SCJSC has signed a land lease agreement to establish two new sports clubs in Khamis Mushait, according to a company update released on Monday.
The land lease contract has been valued at SAR 22.8 million. However, the company has not disclosed additional details regarding the lease tenure, project timeline, location specifics within Khamis Mushait, or the expected completion schedule for the two clubs.
The proposed clubs are expected to strengthen Sport Clubs Company's presence in the Asir region as it continues expanding its network of fitness and sports facilities across Saudi Arabia. The latest agreement forms part of the company's broader expansion strategy aimed at increasing access to organised fitness infrastructure in growing urban markets.
Demand for fitness centres and wellness facilities has been rising in Saudi Arabia, supported by increasing health awareness, urban development and the country's wider efforts to encourage sports participation under its long-term development plans. Several fitness operators have been expanding their presence to meet this growing demand.
Sport Clubs Company, listed on the Saudi Exchange under the ticker 6018.SE, has been pursuing expansion opportunities through new club openings and strategic investments to increase its operational footprint across the Kingdom. The addition of two clubs in Khamis Mushait is expected to further support its regional presence once the project is completed.
Source Reuters
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