By Hend GadAllah

The Egyptian Paralympic Committee, headed by Dr. Hossam El-Din Mostafa, announced at the conference hosted by Abdeen Palace the establishment of the first joint stock company in the history of Egyptian sports between the committee, the Paralympic sports federations, the Olympic sports federations, and affiliated committees. It has Paralympic activity and private investment under the name of the Paralympic Company for Investment in the Sports Field by the Joint Stock Companies Law and Sports Law No. 71 of 2017.

The company works in the field of sports investment to increase the amount of sponsorship for the committee and federations, in the areas of sports marketing, trade in tools and equipment for people with disabilities, organizing local and international competitions, sports consultancy and administrative structures, and other fields proposed by federations and approved by all. The company is established with a capital of 20 million pounds, in which the percentage of the Paralympic Committee is 20 percent, and each of the federations has 5 percent of the shares borne by the committee at the time of incorporation, and 15 percent for the private investor.

The conference also announced the new logo of the committee, which was officially approved by the International Paralympic Committee, in addition to announcing that the committee had obtained an ISO certificate in management and announcing the international championships and events that Egypt would host during the coming period, including the World Weightlifting Championship and the Egyptian International Swimming Championship.

Submission to host the 2027 World Paralympic Swimming Championships.

The last preparations of the Paralympic teams for the 2024 Paris Paralympics.

Hossam El-Din Mostafa said that the conference comes at an important time in light of the successive events and intensive activities of the Paralympic events, which confirms the great movement that Egypt is currently witnessing in the Paralympic activity supported by the Ministry of Youth and Sports and various specialized bodies.

The Egyptian Paralympic Committee succeeded in winning the organization of many international sporting events in the coming period, as the International Paralympics celebrated Egypt's victory in organizing the Vista Scientific Conference organized for the first time outside the continent of Europe, and which starts on October 31 to November 3, with the participation of nearly 450 researchers and a specialist.

VISTA provides an important international platform for scholars to share the latest information, research, development, and current experience related to the Paralympic Movement.

Dr. Ashraf Sobhy, Minister of Youth and Sports, confirmed in his speech, which he delivered via video conference, for his presence in Sharm El-Sheikh with a presidential commission, that he is happy with the development that took place in the Egyptian Paralympic Committee and the state of understanding that exists between the members of its board of directors reflected in its positive performance for all members of the Paralympic family.

The ceremony was attended by Dr. Nabil Salem, the historical president of the Paralympic Committee, and his able media wife, Sana Mansour, in whose name the Sports Excellence Award was launched, and Dr. Sonia Donia, Head of the Central Administration for Sports Development, Dr. Amr Al-Haddad, Assistant Minister of Youth and Sports, Mr. Mahmoud Abdel Aziz, Director General of Specific Federations and Major General Ahmed Nasser, President of the Federation of African Confederations (OXA), and a number of heads of sports federations, among them, according to God, Dr. Wajih Azzam, Moataz Ashour, Dr. Fathi Nada, President of the Athletes Syndicate, and a large number of members of the People's Assembly and the Shura Council, led by Dr. Mahmoud Hussein, Chairman of the Youth and Sports Committee. It was also attended by All members of the Board of Directors of the Paralympic Committee, Captain Imad Ramadan, Captain Ehab Hassanein, Engineer Amal Mobada, Captain Shaaban Al-Khatib, Dr. Ashraf Al-Ajeel, and Muhammad Yahya Youssef besides symbols, sheikhs, Paralympic athletes, and stars of the press and media.