IMPZ Extends Utilities Network to Cover Entire Premises
International Media Production Zone (IMPZ), a member of TECOM Investments, today announced its utilities network is now fully functional and accessible to the operational areas of the cluster for the benefit of its existing business partners. A 132KV substation, set up at a cost of AED80 million, was commissioned in October 2007, while a second substation is scheduled for completion in 2011.
Based on the current inflow of business partners, IMPZ anticipates a phenomenal upsurge of new entities seeking to establish a regional presence in the free zone. In order to provide a seamless supply of reliable power, IMPZ will eventually boast a total of five substations generating nearly 800-MW across the entire facility at the world’s only free zone dedicated to the printing, publishing, packaging (3P) and graphic arts industries. In October 2007, IMPZ completed its AED235 million infrastructure for the 43 million square feet destination. The Pre-Built Units (PBU) have been energised by Dubai Water and Electricity Authority (DEWA), enabling investors to commence operations at the 106 world class showrooms and multi-purpose warehouses. Hamad Huraiz, Executive Director of IMPZ, said: “Since the last quarter of 2007, the first of IMPZ’s five substations has been energized to supply power to the industrial and residential areas in the free zone. We are delighted to inform our potential and existing partners that once a project is completed, the power network can be immediately energized. "IMPZ continues to provide its business partners with the necessary tools to support their daily operations, allowing them to conduct their activities efficiently.” IMPZ business partners that have started operations at the industrial area include companies such as Kimpex, paper supplier, and Masar Printing and Publishing, a commercial, industrial and web printer, while Media Innovations, providers of innovative services to advertising companies, and Regraph Die Tech, a paper trading entity, recently moved into its pre-built unit facilities. Leading regional and global names in the printing, publishing, packaging and graphic media industries continue to locate their businesses at IMPZ for its immense advantages as a free zone cluster. Strategically located 10 minutes from the upcoming Al Maktoum International Airport in Jebel Ali, 35km southwest of Dubai, IMPZ is conceptualised to complement Dubai’s vision of becoming a global media destination and provide a pro-business environment in the midst of a unique production cluster. About the International Media Production Zone Dubai's International Media Production Zone (IMPZ) seeks to create a unique cluster environment for media production companies from across the industry value chain, and from across the world, to interact and collaborate effectively. IMPZ will be exclusively catering to the graphic arts, printing, publishing and packaging activities. As a master developer, IMPZ will provide an environment of growth by building key facilities, investing in infrastructure, and forming a unique free zone that incorporates industrial, commercial, residential and community service projects under its mantle. The vast complex will be housed on a territory of over 43 million square feet of land, in the heart of commercial Dubai. The IMPZ initiative is part of Dubai's vision to develop itself into a global media hub. It will provide a pro-business environment, sophisticated technology and community infrastructure to support and foster the growth of media production. http://www.impz.ae/ |
Emaar Properties unveils luxury Golf Homes in Arabian Ranches
Emaar Properties has unveiled luxury-style Golf Homes, a limited collection of homes in Arabian Ranches. Defined by ultra-luxury standards and elegantly detailed architectural features, the Golf Homes are set on the scenic fairways of a golf course. The community features only 18 spacious homes, which are being offered to discerning customers through auction sales to be held on May 24.
Golf Homes is a celebration of the finest standards in modern home building, and offers an unparalleled lifestyle experience for residents. Apart from the location advantage of being part of the Arabian Ranches Golf Course, the homes also provide residents easy access to a diverse range of lifestyle amenities. Residents can look forward to leisure pursuits at the Arabian Ranches Golf Club and the Dubai Polo and Equestrian Club. The homes are also in close proximity to the Arabian Ranches community centre, a retail hub and schools. The 18 Golf Homes are designed in three styles – Hacienda, Suncadia and Castilla - featuring Arabian and Spanish architectural elements. The Castilla Homes are 8,270 sq ft in size and consist of rooms wrapped around terraces, a verandah, courtyard and a grandiose entry court with a central fountain. Sprawling over 6,900 sq ft, the Hacienda Homes have over 10 rooms, reception courtyard, grand dinning room, three terraces, two gallerias and windows set around two spacious living rooms. Suncadia Homes are two-floor villas with a wrap-around promenade, an entry tower and entry arcade. Mr Saif Al Mansoori, Sales Director, Emaar Properties, said: “The Golf Homes at Arabian Ranches is an unmatched villa community, and is positioned as a premium residential destination in Dubai. The sheer spaciousness of the homes, the design excellence and the spectacular location offer potential investors a prized home in Arabian Ranches, an established residential neighbourhood.” He added: “Emaar is holding an auction sale for the Golf Homes to highlight the distinctive appeal of the villa community. Villas are in great demand in Dubai, and Golf Homes builds on it further by offering an exclusive lifestyle.” Providing the ambience of a private country home set around a green fairway, the Golf Homes are works of art with a variety of cultural influences. The interiors are sub-divided into wide and private units, which utilise the intricate effects of light and shadow. All 18 like estates are surrounded by meticulously tended lawns and expansive “sun lounger” terraces, creating an aura of luxury even before entering the homes. Inside, the immaculately designed homes feature doors of porcelain, wood, and stone, intricately detailed ceilings, walls with a two-colour, textured paint effect and bronzed leaf grille work windows. The latest appliances and amenities and elegant iron-embellished wardrobes all combine to create a warm and luxurious ambience. Potential investors can register interest for auction sales at any of Emaar’s sales centres in the UAE or call toll-free on 800-EMAAR (800-36227) or log in to http://www.emaar.com/ for more details. Easily accessible from the three highways connecting Dubai and Abu Dhabi and in close proximity to Jebel Ali and other business centres of Dubai, Arabian Ranches is a serene getaway from the bustle of the metropolis and has established itself as a community with a difference. The golf course, polo and equestrian facilities, schools and a spread of retail and leisure outlets make it a truly integrated lifestyle community. The 18 hole, Par 72 desert-style Arabian Ranches Golf Course is a choice destination for golfers and has been designed by Ian Baker-Finch and Nicklaus Design. About Emaar Properties PJSC: Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Powered by its Vision 2010 to become one of the most valuable companies in the world, Emaar is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation. Emaar has highlighted its remarkable global growth by debuting on the Financial Times Global 500 ranking, which provides an annual snapshot of the world's largest companies. Emaar has been assigned A- and A3 ratings with stable outlook by Standard & Poor's and Moody's Investor Services, respectively. Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Emaar is also developing new competencies in malls, hospitality & leisure, education, healthcare and finance, which have evolved from its integrated approach to customer service and property development. Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, the world's tallest building and free-standing structure, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing the US$26.6 billion King Abdullah Economic City, the region's largest private sector-led project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Morocco, Egypt, Turkey, Libya, Algeria, India, Pakistan, China, Indonesia, the US, the UK, France and Canada. An award-winning developer, Emaar has strengthened its product sale competencies, market reach and best practices through strategic acquisitions and joint ventures. Emaar acquired John Laing Homes, America's second largest privately held home builder; Hamptons International, UK's premier realtor; and formed a joint venture with US-based Turner International to strengthen execution capabilities. Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury Armani Hotels & Resorts world-wide and 100 Formule 1 budget hotels in India. The company is opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent. Emaar acquired Singapore-based leading education provider, Raffles Campus, to extend expertise to its educational institutions. Emaar holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking. Emaar is also the largest shareholder in Amlak Finance, UAE's leading Islamic home financing company. For more information, visit http://www.emaar.com/.
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Air Arabia begins service to new Bangalore airport
Air Arabia, the first and largest low-cost carrier in the Middle East and North Africa, announced today that it will begin flying to Bengaluru International Airport, Bangalore’s new airport, beginning on May 22, 2008.
The new airport is located east of the Bangalore-Hyderabad National Highway (NH7) and is the largest greenfield, private sector-owned and operated airport in India. A user development fee charged by the airport authority of AED 93 (INR 1,070) will be collected at Bangalore Airport in cash from all outbound passengers. Beginning July 1, this fee will be included as part of Air Arabia’s fare. Air Arabia has flown to Bangalore since October 2007, and continues to fly daily from Air Arabia’s hub in Sharjah, leaving at 22:50 PM and arriving in Bangalore at 04:05AM. Return flights depart Bangalore at 04:50AM and land in Sharjah at 07:10AM. Air Arabia serves 11 destinations throughout India including Bangalore, Ahmedabad, Calicut, Chennai, Coimbatore, Delhi, Jaipur, Kochi, Mumbai, Nagpur and Thiruvananthapuram. About Air Arabia: Air Arabia (PJSC), listed on the Dubai Financial Market, is the Middle East and North Africa’s leading low-cost carrier (LCC). Air Arabia commenced operations in October 2003 and currently operates a fleet of 14 new Airbus A320 aircraft, serving 39 destinations across Middle East, North Africa, Indian Subcontinent and Central Asia through its main hub in Sharjah, United Arab Emirates. Air Arabia also recently launched a new hub in Kathmandu in order to offer service to new destinations throughout South Asia, Central Asia, the Middle East and the Far East. Air Arabia is modeled after leading American and European low-cost airlines, and its business model is customised to accommodate local preferences. Its main focus is to make air travel more convenient through Internet bookings and offering the lowest fares in the market along with the highest levels of safety and service standards. For further information, please visit: http://www.airarabia.com/ |
U.A.E. youth sets sight on refreshed Ford Focus The new and refreshed 2008 Ford Focus arrives in the UAE capturing the sight of the local youth with its sleek and all-new looks. The refreshed Focus features Ford's latest kinetic design approach which signals the new design direction from Ford of Europe. The new model also features a rich array of standard equipment such as ABS, front airbags for both driver and passenger, Intelligent Protection System, halogen headlamps, Ford's latest Capless Refueling System, emergency brake warning lights, single-CD player with 6 speakers, a choice of 15- and 16-inch wheels and two Duratec engines: 1.6-litre (100 net hp) and 2.0-litre (145 net hp), coupled with the Durashift 4-speed automatic or 5-speed manual transmissions.
Options include: The Ford Power Button; Advanced Front Lighting System; Bi-Xenon HID headlamps with LED; Rear Parking Aid; Power sliding Sunroof; Power folding side mirrors; side curtain airbags (standard on Titanium); ABS+ESP with Traction Assist (standard on Titanium); Mechanical brake assist; tyre deflection detection system (standard on Titanium). The new 2008 Focus is available in 3-door and 5-door hatchback, 4-door sedan and 5-door wagon body styles, and offers 5 trim levels: the entry-level Ambiente, the well-equipped Trend, the Sport (featuring a special sport suspension), the higher spec Ghia as well as the high tech Titanium. Customers who want to experience the 08 Focus can sign up for a test drive and get a chance to enter into a draw to win the latest offering from Ford and Al Tayer Motors in Dubai and Premier Motors in Abu Dhabi and Al Ain. The new 08 Focus is currently displayed in the Virgin Megastore (Mall of the Emirates), Virgin Megastore (Deira City Centre), Ibn Batuta Mall and Abu Dhabi Mall. About Ford Motor Company Ford Motor Company, a global automotive industry leader based in Dearborn, Michigan, United States, manufactures or distributes automobiles in 200 markets across six continents. With about 230,000 employees and about 100 plants worldwide, the company’s core and affiliated automotive brands include Ford, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford’s products, please visit http://www.ford.com/ Ford Motor Company’s history in the Middle East goes back to nearly 60 years. The company’s local importer-dealers operate more than 55 facilities in the region and directly employ over 4,000 people, the majority of whom are Arab Nationals. For more information on Ford Middle East, please visit http://www.me.ford.com/ Ford Middle East is also a responsible corporate citizen in the region, with the Ford Motor Company Conservation & Environmental Grants, a grass-root level program that has offered nearly USD700,000 in grants to about 90 Middle Eastern environmental projects since 2000. For more information, please visit http://www.ford-environmentalgrants.com/ |
Dubai Studio City Supports Award Winning Egyptian Play ‘The Body Guard’
Dubai Studio City, a member of TECOM Investments, today announced it has pledged its support for staging the award winning Egyptian play ‘The Body Guard’ as part of its efforts to showcase the region’s rich cultural aspects and accelerate the growth of the region’s film industry.
For the first time in Dubai, legendary Egyptian actor Adel Imam, along with a cast of 50 actors and actresses, will perform live from 22-24 May, at the Cultural Theatre, Al Mamzar. The play was written by Yousif Maati and Samir Khafaji and directed by Rami Imam. Jamal Al Sharif, Executive Director, Dubai Studio City said: “Dubai Studio City is delighted to support one of Egypt’s longest-running Arabic plays, ‘The Body Guard’. As the world’s only dedicated free zone for film and broadcast production, it is our sincere endeavour to bring to Dubai one of the Arab world’s most acclaimed theatre performance that reflects modern life. “In addition, by staging thought-provoking plays that blend incisive humour, Dubai Studio City will demonstrate its vital role in showcasing the diverse and rich cultural strands of the Arab region in Dubai.” Also starring Shireen Saif Naser, Izat Abu Oof and Saeed Abed Al Ghani, the play is a comedy that revolves around a prisoner who receives an offer from a businessman to work for his wife as a bodyguard. Adnan Osman, Executive Producer for ‘The Body Guard’ and Film Distributor said: “We express our sincere gratitude to Dubai Studio City as we acknowledge their support in bringing the show to Dubai. When we first entered Dubai’s film and media production scene in 2005, Dubai Studio City willingly extended its support and since then the cluster has become our priority destination for film and media projects.” Launched in February 2005, Dubai Studio City was established to provide world class infrastructure and services to boost the growth of the film, TV, radio production, post-production and broadcast industries in the region. In April this year, it launched the DSC Market – http://www.dscmarket.com/ – an online global marketplace for film production, photography and ancillary services, which revolutionized the way business is conducted in Dubai. Dubai Studio City ( http://www.dubaistudiocity.com/) Launched in Feb, 2005, Dubai Studio City (DSC) offers a complete technical and community infrastructure catering to the film, TV, radio production and broadcast industries. Being built on an area of more than 20 million square feet . DSC aims to attract production and broadcast companies, as well as a wide range of support services, including providers for animation, dubbing, makeup, costume design, set design and construction, casting, telnet agencies, telecine, and laboratory facilities. DSC will feature pre-built studios, sound stages, workshops, backlots and stage areas, post-production studios, and satellite communication services. The cluster will also house film & television academies, commercial offices, entertainment & retail spaces, and hotels & residential facilities to accommodate crews and cast. DSC’s Location Approval Services (LAS) provides a single window for applying for shooting permits. |
DREI Announces Executive Programme on Real Estate Ecology & Green Property Development
Dubai Real Estate Institute (DREI), the first specialised academic real-estate institution in the region, today announced it will offer an executive programme on Real Estate Ecology and Green Property Development from 8 - 10 June.
The programme will provide an integrated analysis of ecological key concepts, frameworks, tools and innovations in sustainable property design. It will also impart techniques for strategic planning in order to achieve sustainable, aesthetic, functional and innovative urban design. DREI has opened registration for the programme that aims to draw professionals working in property development, real estate planning and other related industries, as well as representatives from government departments. For the first time, DREI will host a programme led by a locally based faculty. Dubai-based Professor Dr. Till Stoll, a Swiss national and former lecturer at Harvard University as well as economist with United Nations Environment Programme (UNEP) and the World Bank, will share his rich knowledge of domestic real estate markets. As the CEO of Green Destinations, a Swiss-UAE project management company based in Dubai, he will highlight key elements in conceptualising and designing environmentally-friendly real estate developments. Dr Salem Al Shafiei, Managing Director of DREI, said: “Current government initiatives are placing great emphasis on green buildings, sustainability and energy-saving solutions in upcoming developments. The internationally recognised LEED (Leadership of Energy and Environmental Design) Rating System has already begun influencing several developers, adding further momentum to the green movement. “The programme will provide participants with a greater understanding of how real estate and the environment interact with each other. It will also highlight various methods of making tangible contributions to environmental protection within a property development, without necessarily incurring additional costs.” Delivered in five modules, the world-class course will include an analysis of real estate ecology; inhabitants and their environment; green buildings and green building rating systems; conceptual master and financial planning of sustainable communities. With a strong focus on case studies, the programme will see participants working in groups to draw up investment models for green buildings and sustainable communities. Upon completing of the course, participants will be equipped with the competency to identify the resources utilized by various real estate components, and suggest alternative solutions for safeguarding the environment. They will also be able to assess the financial implications of developing green properties, and rate its variants both in terms of construction and operation. The learning method of this 2 ½ day programme will be based on the interactive approach developed by Harvard Business School, where teacher and students work in teams and exchange and develop knowledge together, with the lecturer acting as a key facilitator. Certificates from DREI will be awarded to students upon the successful completion of the programme. The executive education programmes will be held at the state-of-the-art DREI campus in Building 53, Dubai Healthcare City, which is equipped with facilities designed to provide a productive learning environment. To register for the programme, participants may contact DREI by email on admission@drei.ae, phone +9714 426 7777, or fax +9714 426 7776. Additional information on DREI programmes and faculty is available online at www.drei.ae About Dubai Real Estate Institute As the first academic real estate institution in the region, the Dubai Real Estate Institute (DREI) aims to enrich and broaden the knowledge and competencies of real estate professionals and managers at all levels. The institute, operates in partnership with several international real estate universities to offer graduate programmes and industry-specific, open enrolment courses. Areas of co-operation also include research projects and the development of case studies specific to the region. Addressing the strategic growth opportunities, competitive challenges and operational imperatives of the real estate markets in the MENA region, Asia, and Turkey, the institute offers courses on the real estate development process, asset and portfolio management, real estate evaluation and appraisal, real estate finance and investment, international real estate, risk management, green property development, real estate law, urban economics and project management. In addition, DREI provides domain specific courses as diverse as real estate strategic and innovation management, strategic alliances, finance and capital markets, market analysis, and the management of specific properties such as residential, industrial, retail and office spaces. All of the institute’s offerings are delivered in partnership with high-ranking and academically accredited international universities using world-class faculty, cutting-edge knowledge and practice, and state-of-the-art facilities. |
Accor Hospitality continues to strengthen presence in the region
Accor Hospitality, the leading European hotel group, having established itself as a leader in economy and midscale hotels and a major player in the luxury segment globally, aims to reach an ambitious target of 90 hotels opened by 2011 in the Middle East.
“The Middle East is a booming market and offers great opportunities which we are capitalizing on. Our expansion plans for the region are moving at a rapid pace with prominent partners as we are developing our extensive brands portfolio in strategic prime locations,” said Christophe Landais, Managing Director, Accor Hospitality Middle East. As leading developer of all hotel market segments, from budget to upscale, Accor Hospitality continues to expand its regional portfolio of four brands – Sofitel Luxury Hotels, Mercure, Novotel and Ibis. Accor Hospitality soon plans to introduce two new brands in the region – Pullman, chain of upscale non standardized hotels and Suitehotel, their latest midscale brand that offers a new way of personalized hotel living. Accor Hospitality took its first decisive step in the region in 2003 with the Novotel & Ibis -Dubai World Trade Centre (DWTC). Both hotels currently hold some of the highest occupancy rates in the city. To further meet the business needs of the area, Accor Hospitality recently signed an agreement with DWTC in which Accor Hospitality will manage a new Ibis Hotel within Dubai Trade Centre District (DTCD). The hotel will consist of 588 rooms to further accommodate business and leisure travelers to Dubai. In the UAE, Accor Hospitality currently has seven existing hotels and look to strengthen its position in the emirate with the upcoming Sofitel Jumeirah Beach (2009) and Novotel & Ibis Deira City Centre (2008). Accor Hospitality recently broke new ground with the signing of its first hotel in Muscat, Sofitel Muscat Resort and Spa, and the opening of its first Ibis in Kuwait, the Ibis Salmiya. The new Sofitel Muscat Resort and Spa, which is scheduled to open in 2011, will hold 236 rooms with a list of luxurious facilities. The hotel will conveniently be located on the beach near the Muscat diplomatic area. In Kuwait, Ibis Salmiya opened its doors on March 18th and ended the month with an occupancy ratio of over 72%. With such a success within the first month, Accor Hospitality has demonstrated there was a demand for internationally branded economy lodging in Kuwait. Landais added, “Accor Hospitality Middle East has been striving to meet the regional hotel market demand through its Novotel and Ibis brands gaining recognition and credibility in successfully meeting both end users and investors’ expectations’’. Accor Hospitality is currently gearing up for the Arabian Hotel Investment Conference (AHIC), in which they are sponsors and the Arabian Travel Market (ATM). Being the only French group to take part in the highly respected AHIC, Accor Hospitality holds responsibilty for paving the way for other French brands in the region. Since both events are significant to Accor Hospitality, Landais also added, “AHIC and ATM are both prestigious events and are highly looked upon globally. AHIC is a great opportunity for Accor Hospitality to portray itself as the one-stop-shop global hotel group and network with potential hotel investors. ATM is the yearly occasion to showcase in one place our hotel brands portfolio ranging from economy hotels to luxury properties to the hotel trade, distributors and partners” Since ATM last year, Accor Hospitality has signed a total of eleven hotels in the UAE (7), Kuwait (1), Pakistan (1) and Oman (2) and KSA (5) making it one of the most dynamic hotel groups in terms of development. Besides creating value for its investors, Accor Hospitality develops and reinforces its Corporate Sponsorship actions in every country where it operates. To reflect on its strong social commitment, Accor Hospitality has a dedicated ‘Solidarity Day’ in which employees from all over the globe participate in contributing to a social cause. Recently members of Accor Hospitality Middle East visited the Dubai Centre for Special Needs where they made a significant donation. Accor, the European leader and a major global group in hotels, the global leader in services to corporate clients and public institutions, operates in nearly 100 countries with 170,000 employees. It offers to its clients over 40 years of expertise in its two core businesses: - Hotels, with the Sofitel, Pullman, Novotel, Mercure, Suitehotel, Ibis, All Seasons, Etap Hotel, Formule 1 and Motel 6 brands, representing more than 4,000 hotels and nearly 500,000 rooms in 90 countries, as well as strategically related activities, such as Lenôtre. - Services, with 23 million people in nearly 40 countries benefiting from Accor Services products in human resources, marketing services and expense management.
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05 May 2008
Arabian Hotel Investment Conference confers ‘Leadership Award’ to Alabbar
His Highness Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman & CEO of Emirates Group, today, presented the Leadership Award instituted by the Arabian Hospitality Investment Conference (AHIC) to Mr Mohamed Ali Alabbar, Chairman, Emaar Properties. The Award honours Mr Alabbar’s thought-leadership and pioneering initiatives in driving the hospitality, leisure and tourism sectors in the UAE.
Emaar, one of the world’s largest property developers, has expanded into the hospitality & leisure sector through a diversified portfolio of hotels, serviced apartments, golf courses and other leisure amenities. Today, the development value of Emaar’s hospitality assets, managed by the company’s wholly-owned subsidiary Emaar Hospitality Group, stands at AED 3.67 billion (US$1 billion). Emaar recently unveiled its own brand of five star premium hotels, The Address Hotels & Resorts, to further drive its global expansion in the hospitality sector. Mr Alabbar is a member of the Dubai Executive Council, and serves on the board of directors of the Investment Corporation of Dubai (ICD) and Noor Investment Group. He spearheads Emaar’s high-profile global expansion in 36 markets and chairs John Laing Homes in the USA and Hamptons International in the UK as well as a joint venture with Italy’s Giorgio Armani to set up a global Armani-branded luxury hotel and resort chain. FDi magazine, published by the Financial Times Group, has named Mr Alabbar “Middle East Personality of the Year.” Arabian Business, the leading regional business magazine, ranked him sixth in its March 2008 list of the 100 Most Influential Arabs in the World. Fortune magazine in their issue of December, 2007, has named Mr Alabbar among the top 30 in power positions globally. Mr Alabbar said: “Dubai’s ambitious growth strategy of 11 per cent annual GDP growth, as outlined in the Dubai Strategic Plan by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai, is powered by two key drivers: Tourism and services. Dubai has already cemented its global standing as a premier hospitality & leisure destination through investments in these two sectors, which hold tremendous growth potential.” He added: “As the catalyst of the tourism sector, the hospitality industry plays a defining role in shaping the prospects of a destination. Dubai’s evolution as the tourism hub has inspired the international investment community to further explore the city’s potential in hospitality. Emaar is privileged to contribute to the overall dynamism of the tourism sector through our diverse portfolio.” Emaar’s hospitality portfolio includes the Al Manzil, Qamardeen and The Palace, The Old Town hotels in Downtown Burj Dubai; the Arabian Ranches Golf Club and The Montgomerie, Dubai; the Dubai Polo & Equestrian Club; Nuran Serviced Residences; and the Dubai Marina Yacht Club. About Emaar Properties PJSC: Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Powered by its Vision 2010 to become one of the most valuable companies in the world, Emaar is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation. Emaar has highlighted its remarkable global growth by debuting on the Financial Times Global 500 ranking, which provides an annual snapshot of the world's largest companies. Emaar has been assigned A- and A3 ratings with stable outlook by Standard & Poor's and Moody's Investor Services, respectively. Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Emaar is also developing new competencies in malls, hospitality & leisure, education, healthcare and finance, which have evolved from its integrated approach to customer service and property development. Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, the world's tallest building and free-standing structure, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing the US$26.6 billion King Abdullah Economic City, the region's largest private sector-led project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Morocco, Egypt, Turkey, Libya, Algeria, India, Pakistan, Indonesia, the US, the UK, France and Canada. An award-winning developer, Emaar has strengthened its product sale competencies, market reach and best practices through strategic acquisitions and joint ventures. Emaar acquired John Laing Homes, America's second largest privately held home builder; Hamptons International, UK's premier realtor; and formed a joint venture with US-based Turner International to strengthen execution capabilities. Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury Armani Hotels & Resorts world-wide and 100 Formule 1 budget hotels in India. The company is opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent. Emaar acquired Singapore-based leading education provider, Raffles Campus, to extend expertise to its educational institutions. Emaar holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking. Emaar is also the largest shareholder in Amlak Finance, UAE's leading Islamic home financing company. For more information, visit http://www.emaar.com/. |
01 May 2008
Air Arabia sees demand soar on India routes
Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, announced today that its passenger average load factor – passengers carried as a proportion of available seats – across its destination network in India stood at 94 per cent for the first quarter of 2008. The airline served 246,296 passengers on its Sharjah–India routes for the first quarter of 2008, an increase of 43 per cent compared to 172,246 passengers during the same period in 2007.
Air Arabia flies directly from its hub in Sharjah to Ahmedabad, Chennai, Jaipur, Kochi, Mumbai, Nagpur, Coimbatore, Thiruvanathapuram, Bangalore, Kozhikode and Delhi. This represents the most comprehensive destination network in India of any Middle Eastern airline. “India is an important market for Air Arabia, and we are committed to providing the best value for money for our customers who fly on our routes there,” said AK Nizar, Head of Commercial Department, Air Arabia. “High frequencies, on-time performance along with safe travel and affordable fares represent the unique service we offer to our customers. Passengers flying between India and the UAE will see even more innovative services introduced by Air Arabia in the near future.” On-time performance was achieved in excess of 95 per cent across the carrier’s network in India. One of the key factors for the airline’s success in India has been its increased level of connectivity. Air Arabia has made efforts to fly to smaller, less congested airports closer to its customer base. This move has not only benefited passengers, many of whom now have access to international low-cost travel for the first time, but has also helped contribute to further development of the region. Air Arabia offers safe, simple and efficient service at affordable fares. The company also offers visa assistance services for all of its 39 destinations across the airline’s network. Bookings can be easily made by visiting the company’s website at http://www.airarabia.com/ or through appointed travel agents. Air Arabia (PJSC), listed on the Dubai Financial Market, is the Middle East and North Africa’s leading low-cost carrier (LCC). Air Arabia commenced operations in October 2003 and currently operates a fleet of 13 new Airbus A320 aircraft, serving 39 destinations across Middle East, North Africa, Indian Subcontinent and Central Asia through its main hub in Sharjah, United Arab Emirates. Air Arabia is modeled after leading American and European low-cost airlines, and its business model is customised to accommodate local preferences. Its main focus is to make air travel more convenient through Internet bookings and offering the lowest fares in the market along with the highest levels of safety and service standards. For further information, please visit: http://www.airarabia.com/ |
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