MIA Sports Secures UAE Entry with HSBC Finance

Deal News | Jan 30, 2025 | Business Cloud

MIA Sports Secures UAE Entry with HSBC Finance

MIA Sports, a Huddersfield-based company specializing in golf simulators and teaching studios, has successfully penetrated the UAE market by securing a finance package worth £75,000, provided by HSBC UK with backing from the UK Export Finance (UKEF). This move supports the installation of teaching studio bays at the Emirates Golf Club in Dubai, a prominent venue in the global golf scene. The financial partnership between MIA Sports, HSBC, and UKEF highlights a successful collaboration between a financial institution and government body to enhance British exports. This expansion is part of UKEF's broader initiative to support 1,000 SMEs in scaling their international presence by the end of the decade.

Sectors

  • Sports Technology
  • Financial Services
  • Export & Trade

Geography

  • United Kingdom – MIA Sports is based in Huddersfield, UK, and received backing from UK-based institutions HSBC and UKEF.
  • United Arab Emirates – The article focuses on MIA Sports' expansion into the UAE market, specifically at the Emirates Golf Club in Dubai.

Industry

  • Sports Technology – MIA Sports specializes in golf simulators and teaching studios, aligning with the Sports Technology industry.
  • Financial Services – HSBC and UKEF's involvement in providing and supporting the finance package places the article within the Financial Services sector.
  • Export & Trade – The article discusses the export strategy of MIA Sports entering the UAE market, relevant to the Export & Trade industry.

Financials

  • £75,000 – Finance package provided to MIA Sports for expansion into the UAE market.

Participants

NameRoleTypeDescription
MIA SportsTarget companyCompanyA Huddersfield-based specialist in designing, supplying, and installing golf simulators.
HSBC UKFinancierCompanyProvided the finance package to support MIA Sports' expansion.
UK Export Finance (UKEF)Government supportGovernmentBacked the financing with a government guarantee under its General Export Facility.