Shalaby Group for Investment and WellSpring Egypt have announced their partnership to launch and manage a sports and social club on a sprawling 25 feddan in a premium location in New Cairo.
The club, which is located in the Third Settlement area of New Cairo, will be designed and built according to the best known measures to serve both families and sports enthusiasts.
Shalaby Investment Group, established 1986, is considered one of the prestigious entities across the Egyptian real-estate sector and has successfully completed many projects including Bianchi-Sidi Abdel Rahman and Sun City Gardens in New Cairo
The company will partner with WellSpring Egypt, a market leader in sports camps, youth programmes, and family activities since 2009. This partnership embodies a common ethos and vision to empower the new generation on the social, athletic, and professional fronts.
An investment of over EGP 1bn has been allocated to establish and manage the club facility, which lies directly on the Mohamed Naguib Axis and connecting both the Ain Sokhna and Suez highways.
The goal is to offer cutting edge services, fully equipped facilities, innovative athletics programmes and qualified coaches to the Egyptian family.
Medhat Shalaby, Chairman of Shalaby Group for Investment, said, “We are putting together over 100 years of various experiences and professional backgrounds, and a great mix between younger and older generations, to realise the vision and objectives of this new entity.”
WellSpring Egypt Founder and CEO Maged Fawzy said, “WellSpring is thrilled with this partnership and the team on board will fulfil WellSpring’s vision of impacting lives of families, athletes and coaches, and transforming the sporting experience in Egypt.”
The club will officially launch in May 2021 and expects to be in full operational capacity within two years, with plans to launch part of the sporting activities in one year. The club will start receiving membership applications by June 2021.