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Palms Sports Wins AED 41Mn Contract for Abu Dhabi Vocational Education and Training Institute's Fourth Term

July 21, 2022
  • ADVETI fourth term agreement is renewed for 3 years.
  • Palms Sports partnership contract reached the AED 709Mn mark by first half of 2022.

Abu Dhabi, UAE; 21 July 2022: Palms Sports (PJSC), the global sports management company, world's largest Jiu-Jitsu training academy, and a subsidiary of International Holding Company (IHC), announced today completion of the renewal process of a 3-year contract with Abu Dhabi Vocational Education and Training Institute (ADVETI) and Institute of Applied Technology (IAT), both part of Abu Dhabi Center for Technical and Vocational Education and Training (ACTVET).

Under the contract, a total of 20 expert Jiu-Jitsu coaches will provide Jiu-Jitsu training services for ADVETI and ATI students. The training services will be delivered in various campuses across the emirates.

This cooperation will enable Al Seer Marine to develop vessels for public maritime transportation that can carry 60 – 80 passengers. The new vessels will have a direct positive impact on customers by reducing ticket prices, improving safety parameters and shortening travel time.

Fouad Darwish, CEO and MD of Palms Sports, said: “There is no bigger endorsement than having a strategic partner renew and further expand their contract with your business. Palms Sports have been on a targeted course to secure market dominance in the sports management and investment domain, allowing us to provide superior offerings and higher value for our shareholders, investors, and stakeholders. Today, I can confidently say that we are firmly on track to achieving our target value of AED 750Mn for set contracts awarded this year.”

Palms Sports’ ongoing expansion of existing contracts and projects, fall in sync with the greater long-term vision of the company’s leadership, aimed at developing, enhancing, and enriching the capabilities and competences of Emirati youth; thus, improving their overall competitiveness and wellbeing.