In continuation of cred’s journey to support sports and athletes, cred has signed a 5 million EGP cooperation protocol with Rawabit Sports to sponsor five of the champions competing in the France 2024 Olympics. As a part of the company’s recent cooperation with the Ministry of Youth and Sports to support Olympic athletes and help provide all necessary supplies.
In line with the agreement, five talented athletes in diverse individual games would receive full support to participate in the 2024 Olympics, which will take place in Paris from July 26th to August 11th, 2024. The Champions are Mohamed Ibrahim in wrestling, Sarah Samir in weightlifting, Mohamed Hamza in epee, Salma Ayman in modern pentathlon, and Shahd Samy in taekwondo. These champions will receive complete support to prepare them technically, physically, and psychologically so they are able to compete at their best levels and hopefully bring home many medals.
Eng. Ahmed Mansour, the CEO of Cred, stressed his enthusiasm for this cooperation with Rawabit Sports, the first company specializing in player marketing and management steps in supporting sports talents in Egypt. “We have ensured continuous attention to young people. They are our top priority and our social responsibility. We believe in the necessity of helping and encouraging these young people in all aspects of life, sports is an integral part of young people’s lives. It is one of the most significant endeavors that contribute to the development of a robust generation with the fortitude, perseverance, and health necessary to face and overcome any challenges and crises in the future. We’ve all noticed in recent years that the Egyptian government is interested in helping the youth and is always pushing them to participate in sports. It also offers talented youth all the opportunities they need to compete internationally and improve Egypt’s reputation in international forums. Thus, we ought to assist the government in its endeavors, stand behind our athletes and utilize every resource at our disposal to enable and inspire them to give their all to win numerous medals and titles at the Olympics and other competitions.”
Mr. Waleed Al-Mallah, the Chairman of Rawabit Sports’ Board of Directors, for his part, expressed his happiness over the deal signed with Cred and stressed the value of working with prosperous private sector businesses like Cred, which are among the most engaged in young cadres and states. “The most crucial factor in the growth of various sports is having an interest in the champions of the game and giving the resources they need to continue. Since its founding, Rawabit Sports has acted as a stand-in for numerous players, offering them all the resources necessary to assist these atheletes in every step they take towards the ultimate objective of triumphing more tournaments and earning more titles, as well as putting Egyptian players on the map of world champions. We are sure that our collaboration with Cred will play a big part in giving our champions even more encouragement to compete and bring home the most gold medals at the 2024 Olympics.”
It is noteworthy that 72 athletes from Egypt have qualified for the upcoming Olympic Games in Paris across 14 different sports. Cred is considered to be one of the leading real estate companies that have contributed strongly to supporting Egyptian sports through their participation in many initiatives and competitions over the past years. One of Cred’s recent contributions is the signing of a cooperation protocol with the Ministry of Youth and Sport last November 2023 to encourage qualified champions of the 2024 France Olympics. Cred has allocated 5 million pounds to honor the champions participating in the tournament and will award the winners of gold, silver, and bronze medals. This is in addition to supporting the National Talent Project and the Olympic Champion to discover sports talent in various governorates of Egypt. This is within the framework of a clear vision of Cred, which seeks to support the Egyptian State in all its current and future steps within the framework of the State’s Plan for Sustainable Development 2052.
About Cred
cred, a real estate company that focuses on developing high-value real estate projects, including residential, commercial, and administrative developments, the paid capital of the company is EGP 1.200 billion. The company has developed around 400 projects ranging from standalone villas and twin houses to townhouses and apartments in prime locations across the region. cred is introducing yet another venture to the Egyptian market, including the latest projects of the company, “Ever” in West Cairo with EGP 12 billion in investments, CLM, the company’s first project in the New Administrative Capital with a total investment of EGP 3.7 billion introducing an integrated, smart residential compound. 2019 sees the launch of the company’s second project, East Side; a comprehensive mixed-use facility located within the MU23 zone at the New Administrative Capital spreading over an area of 7,600 m2. The project, which sees a total of EGP 800 in investment, is designed and landscaped by renowned Egyptian architect Hany Saad, of Hany Saad Innovations. cred has an ambitious plan to expand its projects around the country through projects in line with the great developments that the real estate developing field witnesses around the world by using the latest modern technological standards and specifications. For more info, please visit www.cred-development-eg.com
About Rawabet Sports
Rawabet is the first company specialized in sponsoring, marketing and managing players and organizing sporting events. The Company was established in 2017 as an Egyptian joint stock company by a group of Egyptian businessmen who have a long history in various fields in the local and international markets since 1978. They have established many companies and all companies are distinguished as being among the leading companies in their field. Rawabwt aims to be at the forefront all over the world within the next few years as an integrated sports company. It obtained the ISO certificate, as the first sports company to obtain such a certificate, The company made the first sports academy that works on sound scientific foundations, as well as the establishment and management of sports clubs, and to have our own media arms to complete the system, and also established The first sports site specialized in individual and Olympic sports to cover all sports events, present programs (YouTube) and cover their events, as well as the first live broadcast channel recorded on the sports platform.
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