GymNation explained

GymNation
Type:Private
Industry:Fitness
Founded:2018[1]
Hq Location City:Dubai
Hq Location Country:United Arab Emirates
Area Served:United Arab Emirates
Num Locations:12

GymNation is a chain of fitness centers based in Dubai, United Arab Emirates.[2] [3]

History

GymNation was established by Loren Holland, Frank Afeaki and Ant Martland in 2018. The first GymNation gym opened in June 2018 in Al Quoz, Dubai.[4] [5] As of April 2024, GymNation has 12 gyms in the United Arab Emirates, with another five planned for the nation in 2024, along with multiple locations throughout Saudi Arabia, including Riyadh, Jeddah and Al Khobar.[6]

From March to late May 2020, all GymNation gyms were closed due to the COVID-19 lockdown.[7] By mid-2021, GymNation had become one of the largest chains of fitness centers in the United Arab Emirates.[8]

In May 2021, GymNation signed a contract with the United Arab Emirates Rugby Federation and became the sponsor of the United Arab Emirates National Rugby Union Team.[9] Also in 2021, Amir Khan, the British boxing champ, launched his first boxing academy in the Middle East in partnership with GymNation.[10]

Investment

In February 2022, JD Sports Gyms, part of the FTSE 100-listed group JD Sports, announced an investment into GymNation in its bid to expand within the Gulf Cooperation Council (GCC) region.[11] [12] [13] [14]

In November 2023, GymNation announced a management buyout of all equity held by previous investor JD Sports.[15] [16]

External links

Notes and References

  1. Web site: Entrepreneurs of the Week: GymNation's Frank Afeaki and Loren Holland. Hamdan. Lubna. Arabian Business. 16 February 2018. 22 January 2022.
  2. Web site: Staying Fit: Inside GymNation, the UAE's first 24-hour gym. Trazo. Dwynn. Gulf News. 19 July 2018. 22 January 2022.
  3. Web site: Dubai's largest gym set to open next month. Pearson. Emma. Time Out. 19 February 2018. 22 January 2022.
  4. Web site: Dubai's most affordable gym opens. Murphy. Darragh. Time Out Dubai. 11 June 2018. 22 January 2022.
  5. Web site: How the MENA region's fitness industry has bounced back from Covid-19 to full health. Gibbon. Gavin. Arabian Business. 30 May 2021. 22 January 2022.
  6. Web site: Welcome to GymNation . 2023-11-21 . gymnation.com . en-US.
  7. Web site: Coronavirus: Dubai gyms reopen as Covid-19 restrictions ease. Clarke. Kelly. Webster. Nick. The National (Abu Dhabi). 28 May 2020. 22 January 2022.
  8. Web site: Dubai takes an active approach to fitness during the pandemic. Euronews. 28 June 2021. 22 January 2022.
  9. Web site: تعاون بين رجبي الإمارات و"جيم نيشن". Cooperation between UAE Rugby and "Game Nation". ar. Al-Bayan. 24 June 2021. 22 January 2022.
  10. Web site: تعاون بينAmir Khan launches boxing academy in the UAE with GymNation. thenationalnews.com. 10 October 2021. 17 October 2022.
  11. Imogen Lillywhite,Web site: UK's JD Gyms acquires UAE's GymNation, eyes GCC expansion. zawya.com. 17 February 2022. 16 March 2022.
  12. Web site: Britain’s JD Sports buys up UAE-based GymNation. gulfnews.com. 16 February 2022. 16 March 2022.
  13. Web site: UK fitness giant inks deal to buy UAE gym start-up brand. arabianbusiness.com. 16 February 2022. 16 March 2022.
  14. Web site: JD Sports Fashion "encouraged" by UAE-based GymNation as group-wide profits fall. zawya.com. 22 September 2022. 17 October 2022.
  15. Arabian Business,Web site: UAE fitness brand GymNation announces major equity buyout. arabianbusiness.com. 20 November 2023. 20 November 2023.
  16. Gulf Business,Web site: GymNation buyout: original founders take back control. gulfbusiness.com. 21 November 2023. 21 November 2023.

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