Dubai Recycling Park hosts UAE's inaugural Conference on Global Climate Change

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About H.E. José María Figueres, Former President of Costa Rica and former President of World Economic Forum (www.josemariafigueres.org)
In the international arena, President Figueres has pioneered the linkage between sustainable development and technology in the realms of business, public service and non-profit organisations. He helped create and lead the United Nations Information and Communication Technologies Task Force (ICT) and is the founder of the Costa Rica Foundation for Sustainable Development (Entebbe). In 2000, President Figueres joined the World Economic Forum and became its first CEO in 2003, where he has strengthened global corporate ties to social and governmental sectors by identifying common long-term interests. He currently serves as CEO of the Grupo Felipe IV, based in Madrid, where he continues his commitment to development and technology. He also serves as a Board Member of the World Resources Institute (WRI) and the Earth Council Geneva and as a senior advisor for Tokyo-based Global Environment Action.

Evidence of his ability to bring together the best of the governmental and non-profit sector with the private sector at an international level is seen in current and previous advisory and board of directors' positions. Currently he serves on the boards of World Resources Institute (USA), Earth Council Geneva (Switzerland), Discovery Channel Global Education Partnership (USA), Talal Abu-Ghazaleh Organization (Jordan) and Grupo San Cristobal SAISC (Costa Rica), among others. Together with President Carter he is also an International Advisor at Global Environmental Action (Japan). In addition, Figueres is a Member of the Dean's Alumni Leadership Council at the John F. Kennedy School of Government at Harvard University and a founding Member of the Club de Madrid. He previously served on the Boards of the World Wildlife Fund (WWF), The Stockholm Environment Institute (SEI), and FUNDES Internacional.

About Dubai Recycling Park
National Projects Holding Co, a subsidiary of the National Real Estate Co. of Kuwait signed an agreement in October 2006 with Dubai Industrial City, a subsidiary of Tatweer (a Member of Dubai Holding), to establish Dubai Recycling Park, the first fully integrated waste management and recycling park in the Middle East.

Dubai Recycling Park will be developed on a site measuring 1,500,000 square feet with a 49 year lease agreement with Dubai Industrial City and a capital investment of up to USD150 million. Construction is planned to commence in mid-2007 and will be fully completed within 18 months.
The feasibility study, master plan and management of Dubai Recycling Park will be contracted to Remondis of Germany, the fourth largest waste management company in the world and arguably the world's leading company in waste management technology and know-how.
National Projects Holding Co. believes Dubai Recycling Park will be perhaps their most important project from a socially responsible stand point and that it should be replicated across the region.
www.recyclingdubai.com

About Dubai Industrial City
Dubai Industrial City (DI), a member of Tatweer, was set up with the aim of catalysing the growth and expansion of the industrial sector in the United Arab Emirates - especially in high value added manufacturing and production in the following sectors:

• Machinery & Mechanical equipment
• Transport Equipment and parts
• Base Metal
• Chemicals
• Food and Beverage
• Mineral Products

Dubai Industrial City provides one of the region's finest business environments and is a one-stop facility for industry and related sectors such as logistics, assembly and warehousing, vocational training and staff accomodation. Covering 560 million sq ft of prime land, DI City's strategic location near (Dubai World Central) the new Jebel Ali Airport City, the Jebel Ali Free Zone and Port; trans-Emirates highways, including Sheikh Zayed Road and Emirates Road near the border with Abu Dhabi provides easy and convenient access to global transportation points via road, air and sea.

www.dubaiindustrialcity.ae

About National Projects Holding Co (NHPC)
National Projects Holding Co. is the subsidiary of the National Real Estate Co. (NREC), the largest real estate company listed on the Kuwait Stock Exchange and is a joint venture between the NREC and Kuwaiti Businessman Musaed Al-Saleh.

NPHC recently signed an agreement with Dubai Industrial City to establish Dubai Recycling Park, the first fully integrated waste management and recycling park in the Middle East.

National Projects Holding Co. is a strategic owner in the Mediterranean Investments Holding Co. investing in Real Estate Development Projects in Libya. It is also a strategic shareholder in the Kuwait Housing & Development Holding Co. and the International Hotel Investments Co.