Armash Launches 110.4M Riyal Sports Club Project
Armaah Sports Company has signed a contract valued at 110.4 million riyals with Emaar Al Waseel Al Mumayaz to develop and lease a sports facility in the Al-Qirwan neighborhood of Riyadh. The contract includes the development of a dedicated men's pitch under the "Be Fit" brand, with completion and handover scheduled within 24 months. The facility will be leased for 20 years, with an annual rent of 5.52 million riyals. The agreement aims to expand the company's presence in the fitness sector and strengthen the "Be Fit" brand in Riyadh, relying on a long-term leasing model and without any related parties involved in the contract.
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