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Monday, November 23 - 2009

IDF highlights role of design in economic development

  • United Arab Emirates: Wednesday, May 30 - 2007 at 10:04
  • PRESS RELEASE

Design industry leaders and experts at the inaugural International Design Forum 2007 in Dubai agreed design plays an integral role in the economic development of nations and emphasised the need to create a solid integrated platform, paving the way for Dubai to become the region's design capital.

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  • Khalid Al Malik, CEO of Tatweer.
    Khalid Al Malik, CEO of Tatweer.
This was the consensus which emerged from the three-day forum organised by Moutamarat, a joint venture of Tatweer and the Saudi Research and Publishing Company under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Executive Council.

In his address during the closing session today, Khalid Al Malik, CEO of Tatweer, said:

"The inaugural IDF 2007 not only highlighted the essential role design plays in the development of nations and economies, but also outlined the various measures which needed to be initiated to create a regional design capital in Dubai."


This initiative will result in attracting international professionals to the region and open up channels for investment in this sector. At a later stage, this could lead to nurturing young talents within the region through academic programmes and special institutions. Consequently, the region will be able to establish a design capital to compete with international design centres like Paris, Milan, London and New York.

Al Malik added: "The experts and leaders have indicated a direction for the industry in the Arab world to work on. We are sure in the coming months follow-up actions will be taken towards achieving this objective."

The influence of design on industries was one of the main topics discussed during IDF 2007. Participants and delegates outlined how design has permeated into all aspects of modern life, from the clothes we wear to the buildings we live and work in, to the cars we drive and even the food we eat.

The design industry, spurred by the construction boom in the Middle East, is growing at 30 per cent, a rate that some analysts estimate is the fastest rising demand curve for design products in the world.

Up to 40 global design firms have opened representative offices in Dubai in the past two years to work on the many urban planning and mixed use design projects initiated by developers in the Middle East.

"It was truly the right mix of participants, exhibitors and industry professionals which made this event quite relevant. The combination of leading knowledge partners and media sponsors has contributed to the significance of this event. We are sure the event will direct the future course of the design industry," Al Malik added.

More than 500 design experts, business leaders and patrons of architecture, urban planning and industrial design from 50 countries have converged on Dubai for the event held at the Madinat Jumeirah.
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Notes and media contacts

About Moutamarat:

Moutamarat is a Joint Venture between Tatweer LLC, a Dubai Holding Company, and Saudi Research and Publishing Company. It is a high profile pan-Arab business initiative seeking to create business knowledge for the Arab world. It develops unique knowledge agendas in partnership with leading regional and international corporations, experts and knowledge centers and unveils these agendas through a prestigious portfolio of conferences where it gathers the most relevant decision-makers.

Moutamarat's research and initiatives are designed to inform the Arab decision-makers with real, contrasted and objective data and to effect a long-term impact on their decisions by involving them in a cumulative and incremental process of knowledge acquisition.

About Tatweer:
Launched in December 2005 Tatweer is one the region's most promising enterprises and a Member of Dubai Holding. It owns nine market-leading companies and is managing an ambitious business development plan.

Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, Industry & Knowledge. Its entities are Dubai Healthcare City, the region's hub for world-class quality healthcare services; Mizin, one of the most advanced real estate companies in the region; "The Tiger Woods - Dubai", an exclusive golf community that will include a Tiger Woods designed Golf Course; Dubailand, one of the biggest leisure, entertainment and tourism destinations in the Middle East region; Dubai Industrial City, an industrial township to develop Dubai as a leading manufacturing hub; Bawadi, the world's leading hospitality and entertainment project bringing 31 hotels and more than 29,000 hotel rooms; Dubai Energy, investing in regional and global energy opportunities and building a diversified investment portfolio; Dubai Mercantile Exchange, the first commodity futures exchange in the Middle East; Global Village, which brings together 160 different countries showcasing myriad cultures; and Moutamarat, the first Arab knowledge initiative, organizing research-based conferences and exhibitions.

A Member of Dubai Holding, Tatweer and its entities will continue to consolidate a group of life-improving industries. In addition, it has pioneered the market with joint venture initiatives with leading companies such as the New York Mercantile Exchange or the Saudi Research and Publishing Company.

Tatweer will continuously strive for world-class performance implementing leadership development to drive and sustain business excellence, quality and high performance.

For further information, please contact:
Rebecca Brook
Moutamarat
Tel: +971 4 319 2180
Fax: +971 4 330 2244

Tarek Sakik
Jiwin - Public Relations
Tel: +971 4 361 3593
Fax: +971 4 368 8001

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