Latest news with #VasylZhygalo
Arab News
15-06-2025
- Business
- Arab News
Investment Ministry supports launch of new health & fitness event ‘FIBO Arabia'
The Ministry of Investment for Saudi Arabia and its Sport Sector Team have signed an investment agreement with RX Arabia to support the launch of FIBO Arabia in the Kingdom. The annual show brings together key players from the health, fitness, and wellness sectors to create a platform for innovations, investments, and trends tailored to an active lifestyle. The event will debut at the Riyadh Front Exhibition and Conference Center from Oct. 1-3. Organized by RX, a global leader in events and exhibitions, and under the theme for a strong and healthy society, FIBO Arabia is already 60 percent sold out following a successful sales launch at FIBO's flagship trade show in Cologne, Germany last month. There, 1,200 exhibitors and partners from 60 nations and 154,748 visitors from 129 countries were welcomed. The launch of FIBO Arabia coincides with the Saudi government's significant support for investing in the country's sports sector as part of the Kingdom's Vision 2030 strategy to diversify its economy. The government aims to increase sports spending by $22 billion by 2030, encompassing sports clubs, academies, sportswear and equipment, and sports facilities. Vasyl Zhygalo, managing director, Middle East and emerging markets, RX: 'We are honored that the Ministry of Investment for Saudi Arabia is supporting the launch of FIBO Arabia. This underscores the importance of health and fitness to the Saudi Arabian government and highlights its investment-friendly attitude toward overseas entrepreneurs and progressive companies that want to invest in their health and fitness sector.' The country's focus on becoming a global sports hub is underscored by the announcement of major events set to take place in Saudi Arabia, including the 2034 FIFA World Cup, 2027 AFC Asian Cup, and the 2029 Asian Winter Games. Furthermore, according to Gymnation, which operates a chain of fitness centers in Saudi Arabia and the UAE, the Saudi fitness market is expected to grow at a compound annual growth rate of 9.7 percent between now and 2032 when the health and fitness market is projected to be worth $2.28 billion. Basim K. Ibrahim, sport sector investment development director, at the ministry added: 'FIBO Arabia represents a pivotal platform in advancing Saudi Arabia's Vision 2030 goals by promoting a culture of fitness and wellness while also highlighting the Kingdom's growing potential as a hub for investment within this sector. With increasing emphasis on exercise, sports, and well-being across the Kingdom, the event provides a vital opportunity for international and local brands to showcase the latest innovations and technologies in the industry.' We look forward to the positive impact FIBO Arabia will have on our communities and the exciting prospects it will unlock for the future.' Over the course of three dynamic days, FIBO Arabia will offer unparalleled opportunities for building businesses, networking, and educating at the highest level. Professional development will be a key focus of the show, with FIBO Arabia hosting a series of expert-led workshops, seminars, and keynote sessions.
Web Release
11-06-2025
- Business
- Web Release
The Ministry of Investment for Saudi Arabia shows support for new health and fitness event
The Ministry of Investment for Saudi Arabia and its Sport Sector Team have signed an investment agreement with RX Arabia to support the successful launch of FIBO Arabia in the Kingdom, which will debut at the Riyadh Front Exhibition & Conference Center from 1-3 October 2025. The sports and fitness industry in Saudi Arabia continues to gain considerable momentum. Organised by RX, a global leader in events and exhibitions, and under the theme for a strong and healthy society, FIBO Arabia is already 60% sold out following a successful sales launch at FIBO's flagship tradeshow in Cologne, Germany last month. There, 1,200 exhibitors and partners from 60 nations and 154,748 visitors from 129 countries were welcomed. The launch of FIBO Arabia coincides with the Saudi government's significant support for investing in the country's sports sector as part of the Kingdom's 2030 strategy to diversify its economy. The government aims to increase sports spending by US$22 billion by 2030, encompassing sports clubs, academies, sportswear and equipment, and sports facilities. Vasyl Zhygalo, Managing Director, Middle East and Emerging Markets, RX: 'We are honoured that the Ministry of Investment for Saudi Arabia is supporting the launch of FIBO Arabia. This underscores the importance of health and fitness to the Saudi Arabian government and highlights its investment-friendly attitude towards overseas entrepreneurs and progressive companies that want to invest in their health and fitness sector.' The country's focus on becoming a global sports hub is underscored by the announcement of major events to take place in Saudi Arabia, including the 2034 FIFA World Cup, the 2027 AFC Asian Cup, and the 2029 Asian Winter Games, which will provide a significant boost to its position as a global sports hub. Furthermore, according to Gymnation, which operates a chain of fitness centres in Saudi Arabia and the UAE, the Saudi fitness market is expected to grow at a compound annual growth rate (CAGR) of 9.7% between now and 2032 when the health and fitness market is projected to be worth US$2.28 billion. The growth in the market is largely attributed to government initiatives aimed at enhancing the population's quality of life and promoting physical activity, as well as a rise in health consciousness among the population. Basim K. Ibrahim, Sport Sector Investment Development Director, Ministry of Investment for Saudi Arabia, added: 'FIBO Arabia represents a pivotal platform in advancing Saudi Arabia's Vision 2030 goals by promoting a culture of fitness and wellness while also highlighting the Kingdom's growing potential as a hub for investment within this sector. With increasing emphasis on exercise, sports, and wellbeing across the Kingdom, the event provides a vital opportunity for international and local brands to showcase the latest innovations and technologies in the industry. We look forward to the positive impact FIBO Arabia will have on our communities and the exciting prospects it will unlock for the future.' Professional development will be a key focus of the show, with FIBO Arabia hosting a series of expert-led workshops, seminars, and keynote sessions. These continuing education opportunities are designed to equip attendees with the tools, insights, and certifications needed to thrive in today's rapidly evolving fitness and wellness landscape. From innovation and education to networking and live engagement, FIBO Arabia 2025 promises to be a must-attend event for anyone passionate about shaping the future of health, fitness, and wellness in the Middle East and beyond. For more information on FIBO Arabia, please visit
Zawya
11-06-2025
- Business
- Zawya
The Ministry of Investment for Saudi Arabia shows support for new health and fitness event
In a strategic partnership with the Ministry of Investment and its Sport Sector Team, an investment agreement was signed with RX Arabia to support the successful launch of FIBO Arabia in the Kingdom. The initiative reinforces Saudi Arabia's position as a leading regional hub for international sports exhibitions and events. Riyadh, Saudi Arabia: The Ministry of Investment for Saudi Arabia and its Sport Sector Team have signed an investment agreement with RX Arabia to support the successful launch of FIBO Arabia in the Kingdom, which will debut at the Riyadh Front Exhibition & Conference Center from 1-3 October 2025. The sports and fitness industry in Saudi Arabia continues to gain considerable momentum. Organised by RX, a global leader in events and exhibitions, and under the theme for a strong and healthy society, FIBO Arabia is already 60% sold out following a successful sales launch at FIBO's flagship tradeshow in Cologne, Germany last month. There, 1,200 exhibitors and partners from 60 nations and 154,748 visitors from 129 countries were welcomed. The launch of FIBO Arabia coincides with the Saudi government's significant support for investing in the country's sports sector as part of the Kingdom's 2030 strategy to diversify its economy. The government aims to increase sports spending by US$22 billion by 2030, encompassing sports clubs, academies, sportswear and equipment, and sports facilities. Vasyl Zhygalo, Managing Director, Middle East and Emerging Markets, RX: 'We are honoured that the Ministry of Investment for Saudi Arabia is supporting the launch of FIBO Arabia. This underscores the importance of health and fitness to the Saudi Arabian government and highlights its investment-friendly attitude towards overseas entrepreneurs and progressive companies that want to invest in their health and fitness sector.' The country's focus on becoming a global sports hub is underscored by the announcement of major events to take place in Saudi Arabia, including the 2034 FIFA World Cup, the 2027 AFC Asian Cup, and the 2029 Asian Winter Games, which will provide a significant boost to its position as a global sports hub. Furthermore, according to Gymnation, which operates a chain of fitness centres in Saudi Arabia and the UAE, the Saudi fitness market is expected to grow at a compound annual growth rate (CAGR) of 9.7% between now and 2032 when the health and fitness market is projected to be worth US$2.28 billion. The growth in the market is largely attributed to government initiatives aimed at enhancing the population's quality of life and promoting physical activity, as well as a rise in health consciousness among the population. Basim K. Ibrahim, Sport Sector Investment Development Director, Ministry of Investment for Saudi Arabia, added: 'FIBO Arabia represents a pivotal platform in advancing Saudi Arabia's Vision 2030 goals by promoting a culture of fitness and wellness while also highlighting the Kingdom's growing potential as a hub for investment within this sector. With increasing emphasis on exercise, sports, and wellbeing across the Kingdom, the event provides a vital opportunity for international and local brands to showcase the latest innovations and technologies in the industry. We look forward to the positive impact FIBO Arabia will have on our communities and the exciting prospects it will unlock for the future.' Professional development will be a key focus of the show, with FIBO Arabia hosting a series of expert-led workshops, seminars, and keynote sessions. These continuing education opportunities are designed to equip attendees with the tools, insights, and certifications needed to thrive in today's rapidly evolving fitness and wellness landscape. From innovation and education to networking and live engagement, FIBO Arabia 2025 promises to be a must-attend event for anyone passionate about shaping the future of health, fitness, and wellness in the Middle East and beyond. For more information on FIBO Arabia, please visit About FIBO Arabia FIBO Arabia's purpose is to foster a strong and healthy society. As part of the global FIBO network, it supports long and fulfilling lives for people across the region. The annual FIBO Arabia show brings together key players from the health, fitness, and wellness sectors to create a platform for innovations, investments, and trends tailored to an active lifestyle. Over the course of three dynamic days, FIBO Arabia offers unparalleled opportunities for building businesses, networking, and educating at the highest level. Attendees can look forward to numerous exciting and impressive live experiences, making FIBO Arabia an essential event for anyone passionate about health and wellness in the Middle East. The first FIBO Arabia will take place at the Riyadh Front Exhibition & Conference Center from October 1 to 3, 2025. Please visit About RX RX is a global leader in events and exhibitions, leveraging industry expertise, data, and technology to build businesses for individuals, communities, and organisations. With a presence in 25 countries across 42 industry sectors, RX hosts approximately 350 events annually. RX is committed to creating an inclusive work environment for all our people. RX empowers businesses to thrive by leveraging data-driven insights and digital solutions. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information, visit Media contact: TRINA QUINTANA Account Manager Indigo Icon Tower, Jumeirah Lakes Towers Dubai, United Arab Emirates E-mail: Website: A member of the ECCO Communications Network
Travel Daily News
12-05-2025
- Business
- Travel Daily News
RX to launch inter aviation Arabia in Riyadh in February 2026
inter aviation Arabia will spotlight Saudi Arabia's aviation ambitions as the Kingdom targets 330 million passengers annually by 2030. RIYADH, SAUDI ARABIA – RX, a global leader in events and exhibitions and the team behind industry flagships such as inter airport Europe and The Airport Show, Dubai, has announced the launch of inter aviation Arabia, scheduled to take place in Riyadh in February 2026. The event aims to become one of the leading platforms for the aviation industry in the Middle East, significantly contributing to advancing Saudi Arabia's Vision 2030 and its transformation into a global aviation and logistics hub. According to the General Authority of Civil Aviation (GACA), the Saudi Aviation Strategy is backed by US$100 billion in investments and aims to enhance the Kingdom's connectivity to over 250 destinations across 29 airports and accommodate 330 million passengers annually by 2030. Vasyl Zhygalo, Managing Director, Middle East and Emerging Markets, RX, said: 'inter aviation Arabia is launching during a significant period of transformation in the aviation sector, both regionally and globally. Our aim is to establish a platform that fosters strategic dialogue, investment, and innovation, ultimately driving meaningful outcomes for the industry while supporting Saudi Arabia's goals of becoming a global aviation hub. We look forward to providing the industry with more details in the coming months'. The event will focus on four key pillars: airport investments, infrastructure, equipment, and airline route development. Together, these pillars represent the essential components of a modern and resilient aviation ecosystem. As global air travel continues to grow, advancements in ground support technology, terminal automation, and sustainable operations are transforming equipment standards. Meanwhile, infrastructure and route development remain crucial for capacity expansion and operational efficiency. With optimal conditions for commercial engagement and market growth, inter aviation Arabia will draw a high-quality international audience of decision-makers, including executives from airports and airlines, air cargo carriers, and aviation technology providers. Attendees can expect a world-class showcase of products, live technology demonstrations, and an extensive programme of technical seminars that explore the latest developments in aviation efficiency and innovation. 'inter aviation Arabia leverages RX's vast aviation event expertise, enhancing its dedication to connecting industry leaders with new opportunities in both emerging and established markets,' added Zhygalo.
Mid East Info
11-05-2025
- Business
- Mid East Info
RX to launch inter aviation Arabia in Riyadh in February 2026 - Middle East Business News and Information
New Riyadh-based trade fair aims to boost aviation investment, innovation, and global connectivity across the Middle East inter aviation Arabia will spotlight Saudi Arabia's aviation ambitions as the Kingdom targets 330 million passengers annually by 2030 Supported by RX's international event expertise, the show will bring together global stakeholders across airport development, equipment, infrastructure, and airline route expansion Riyadh, Saudi Arabia, May 2025: RX, a global leader in events and exhibitions and the team behind industry flagships such as inter airport Europe and The Airport Show, Dubai, has announced the launch of inter aviation Arabia, scheduled to take place in Riyadh in February 2026. The event aims to become one of the leading platforms for the aviation industry in the Middle East, significantly contributing to advancing Saudi Arabia's Vision 2030 and its transformation into a global aviation and logistics hub. According to the General Authority of Civil Aviation (GACA), the Saudi Aviation Strategy is backed by US$100 billion in investments and aims to enhance the Kingdom's connectivity to over 250 destinations across 29 airports and accommodate 330 million passengers annually by 2030. Vasyl Zhygalo, Managing Director, Middle East and Emerging Markets , RX , said: 'inter aviation Arabia is launching during a significant period of transformation in the aviation sector, both regionally and globally. Our aim is to establish a platform that fosters strategic dialogue, investment, and innovation, ultimately driving meaningful outcomes for the industry while supporting Saudi Arabia's goals of becoming a global aviation hub. We look forward to providing the industry with more details in the coming months.' The event will focus on four key pillars: airport investments, infrastructure, equipment, and airline route development. Together, these pillars represent the essential components of a modern and resilient aviation ecosystem. As global air travel continues to grow, advancements in ground support technology, terminal automation, and sustainable operations are transforming equipment standards. Meanwhile, infrastructure and route development remain crucial for capacity expansion and operational efficiency. With optimal conditions for commercial engagement and market growth, inter aviation Arabia will draw a high-quality international audience of decision-makers, including executives from airports and airlines, air cargo carriers, and aviation technology providers. Attendees can expect a world-class showcase of products, live technology demonstrations, and an extensive programme of technical seminars that explore the latest developments in aviation efficiency and innovation. 'inter aviation Arabia leverages RX's vast aviation event expertise, enhancing its dedication to connecting industry leaders with new opportunities in both emerging and established markets,' added Zhygalo. About RX: RX is a global leader in events and exhibitions, leveraging industry expertise, data, and technology to build businesses for individuals, communities, and organisations. With a presence in 25 countries across 41 industry sectors, RX hosts approximately 350 events annually. RX is committed to creating an inclusive work environment for all our people. RX empowers businesses to thrive by leveraging data-driven insights and digital solutions. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. About RELX: RELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and territories and has offices in about 40 countries. It employs more than 36,000 people over 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York stock exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.
