Knotika Holding announces sponsors for Kuwait Boat Show International 2007

Mr. Saeed Hareb, chairman of Knotika Holding, Mr. Wael Juju, CEO of Knotika Holding, in addition to Mr Waleed Al Jaziri, General Manager - Sales, on behalf of The Palm and its developer Nakheel, and Mr. Mohammad Khairallah on behalf of Kuwait Airways attended the conference.

Mr. Hareb inaugurated the press conference by welcoming the assisting companies and media. Speaking about Kuwait Boat Show, he stated: "The marine market in the region is witnessing an important emergence along with a notable development and an unprecedented expansion. Knotika Holding believes this market is important and is aware that it is time to dedicate an exhibition for boats and yachts in Kuwait as a part of its vision to support the Kuwaiti market. By stimulating the market activities through Knotika's specialized media means, Knotika Holding aims to elevate the market, especially since the Kuwait market contains a lot of boats and yachts and a number of interested buyers."

He added: "Based on this vision, Knotika took the responsibility of organizing the first boat show in Kuwait and chose one of the most prestigious resorts on the Gulf shore: Al Koot Marina at Faheel Water Front."

Mr.Hareb expressed his happiness about the fact that the name of the first boat show will be linked to the name of Knotika Holding. Knotika considers such an event an achievement in developing the marine market and granting it the importance it deserves.

Furthermore, Mr. Hareb announced to the audience and media The Palm as lead sponsor for the event and the support of the project's developer Nakheel, holder of numerous accomplishments and leading projects in the region. Mr. Hareb saluted the backing of Nakheel in supporting all the projects that stimulate the economic development and growth of the region, raising it to an international level.

Mr. Hareb added: "The Palm is an incredible project of extraordinary proportions which has raised the profile of Dubai on a global scale. This incredible man-made island will add some of Dubai's largest marinas with berths for hundreds of boats and the source of Nakheel's sponsorship for Kuwait Boat Show International is the wise vision of its leaders who are aware of the importance of the boat show and the Kuwaiti market for its great share in the gulf market and the successful activity that distinguishes it."

Mr. Hareb sees The Palm's sponsorship for the boat show as an added value and an important support. Not to mention that, by this effective collaboration, Nakheel proves its trust in Knotika Holding. Mr Hareb addressed his gratitude to Nakheel and its leader for this trust.

After welcoming the audience, Mr. Wael Juju, CEO of Knotika Holding, spoke about the importance of Kuwait Boat Show International, stating: "We, in Knotika, are honored to be the organizers of the first boat show to be held in Kuwait on such a level, for what this event represents to the Kuwaiti market and the regional market and the positive results and benefits it will bestow on everybody."

Mr. Juju thanked the companies which rushed to participate in the exhibition, considering this proof of the need for this event and the trust of the participants in Knotika and the role it plays in the development and growth of the marine market in Kuwait and the region.

Juju added: "We had previous experience in gathering many of the most brilliant marine companies under one roof, the roof of Knotika Marine Mall, the first marine commercial complex in the world. This concept has proved its success and advantages. Here we are today gathering once again, and for the first time in Kuwait many of the most brilliant and famous names in the world of boats, yachts and marine equipment will expose to the Kuwaiti public the latest production of their companies. No doubt this massive and effective participation results from the deep vision of these companies regarding the future of the market and the promising opportunities awaiting it."

Mr. Juju revealed that "Kuwait Airways" will be the golden sponsor and the official transporter for the event. This is an added value to the boat show and a confirmation on the recognizable role of "Kuwait Airways" in supporting and promoting the economic and tourist activities in Kuwait and especially in the Gulf region in general.