Ashraf Sobhy, the Minister of Youth and Sports, has attended the signing ceremony for a cooperation protocol between Larz Developments, a subsidiary of Al Gaweesh Group, and the Ministry of Youth and Sports, Invest-Gate reports.

The protocol was signed by Essam Serag Eldin, Assistant Minister of Youth and Sports for Marketing and Investment, and Abdelrahman Gaweesh, Managing Director of Al Gaweesh Group and Larz Developments. This partnership represents a significant step in promoting sports initiatives.

The collaboration between Larz Developments and the Ministry of Youth and Sports aligns with Al Gaweesh Group’s commitment to enhancing the sports industry and empowering young athletes.

The company sponsors and provides funding for multiple projects initiated by the Ministry of Youth and Sports. These projects include the National Talent and Olympic Sports Champion Project, the Sports Genomics Project, the Youth Football League project, and the African Union’s Project for university sports.

During his speech, Sobhy emphasized the protocol’s objective of strengthening the ministry’s sports projects, improving sports infrastructure in Egypt, and creating a favorable environment for young people. He highlighted the crucial role of the private sector in promoting Egyptian sports and stressed the importance of private sector participation in achieving sustainable development goals and improving services for young individuals.

In collaboration with the Ministry of Youth and Sports, Larz Developments provides official sponsorship for several prominent sports projects and programs.

These initiatives encompass the National Talent and Olympic Sports Champion Project, the Sports Genomics Project that integrates advanced genetic technologies for athlete assessment and prioritizes their well-being and health, the Youth Football League project, and the African Union’s Project for university sports in partnership with multiple universities.