Latest news with #AlShawaheef
Zawya
18-04-2025
- Business
- Zawya
UAE Marine Sports Federation, MAG Group Holding sign sponsorship agreement
DUBAI - The UAE Marine Sports Federation and MAG Group Holding have inked a strategic sponsorship agreement, under which the Group becomes the official backer of the 2025 UAE Wooden Powerboat Championship (Al Shawaheef). This partnership marks an important step in advancing a long-term vision of elevating this sport into a Gulf-wide institution that empowers youth and celebrates national identity. The agreement was signed by Ahmed Al Sheryani, Secretary-General of the UAE Marine Sports Federation, and Moafaq Al Gaddah, Founder and Chairman of MAG Group Holding, in the presence of several senior officials. It aims to leverage private sector expertise to expand Al Shawaheef racing across the Gulf and secure the future of wooden powerboat championships. The agreement includes the launch of a Gulf-wide initiative titled "Shawaheef Ambassadors", which seeks to attract, train, and empower youth from across the GCC countries, while providing a competitive environment that enhances the presence of Emirati heritage sports at the regional level. Al Sheryani said, "We are proud to partner with MAG Group Holding, and this marks a significant milestone in the journey of Al Shawaheef racing. It reflects our mutual resolve to champion homegrown sporting events and celebrate our heritage with a modern flair. With the 'Ambassadors of Al Shawaheef' initiative, we offer young racers a unique opportunity for creativity and strengthen their ties to their culture and identity." Al Gaddah stated, "Our commitment goes beyond real estate development to investing in people and preserving customs. Sponsoring the Al Shawaheef Championship highlights our dedication to national causes and empowering the next generation."
Hi Dubai
18-04-2025
- Business
- Hi Dubai
MAG Group to Sponsor 2025 UAE Wooden Powerboat Championship in Landmark Deal
The UAE Marine Sports Federation has signed a strategic sponsorship agreement with MAG Group Holding, naming the company the official sponsor of the 2025 UAE Wooden Powerboat Championship (Al Shawaheef). The deal, signed by Ahmed Al Sheryani, Secretary-General of the Federation, and Moafaq Al Gaddah, Founder and Chairman of MAG Group, marks a significant move toward elevating Al Shawaheef racing into a Gulf-wide sporting institution. Several senior officials attended the signing. This partnership aims to leverage private sector expertise to expand the sport across the GCC, secure its future, and strengthen its role in promoting Emirati heritage. A key part of the agreement is the launch of the 'Shawaheef Ambassadors' initiative, which will attract and train youth from across the region. The program seeks to empower the next generation by providing a competitive platform that blends traditional Emirati sports with modern athleticism. Al Sheryani described the partnership as a major step forward: 'We are proud to partner with MAG Group Holding. This reflects our shared commitment to promoting national identity through homegrown sports. The Ambassadors of Al Shawaheef initiative offers young racers an opportunity to explore their creativity while staying connected to their roots.' Al Gaddah added, 'Our commitment extends beyond business. Sponsoring the Al Shawaheef Championship underscores our dedication to cultural preservation and youth empowerment.' The collaboration sets the stage for a new era in marine sports, positioning wooden powerboat racing as a unifying cultural symbol across the Gulf. News Source: Emirates News Agency
