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Monday, November 9 - 2009

National Projects Holding Co. partners with Earthwatch Institute

National Projects Holding Co. (NPHC) has partnered with the Earthwatch Institute to initiate the 'National Projects Climate Fellowship', with the inaugural Fellowship team participating in an 8-day 'Climate Change at the Arctic's Edge' tour in February 2008.

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  • Mr Geoffrey Klein, COO Earthwatch Institute and Musaed Al-Saleh, Vice Chairman & CEO of National Projects Holding Co sign the agreement for the NPHC Climate Fellowship in Boston, Massachusetts.
    Mr Geoffrey Klein, COO Earthwatch Institute and Musaed Al-Saleh, Vice Chairman & CEO of National Projects Holding Co sign the agreement for the NPHC Climate Fellowship in Boston, Massachusetts.
This Fellowship will be led by the company's Dubai Recycling Park advisory board member - HE José María Figueres, former President of Costa Rica, and the first ever recipient of the Global Environmental Facility (GEF) Leadership Award.

"Both the Arctic and the Antarctic play a critical role in the world's complex climate system. What happens to these special ecosystems has a direct impact on global climate change, and vice versa. Therefore it's increasingly important to understand how we can mitigate climate change, and the 'National Projects Climate Fellowship' is one step towards this," said President Figueres.

Accompanying HE José María Figueres, the five-strong Fellowship team - consisting of members of the local Arab community and NPHC employees - will travel to the Arctic to observe and assist an Earthwatch research team study the impact of global climate change.

"At NPHC we are interested in engaging and educating our local communities, and our people, in discussion on the critical impact of rising Co2 emissions on our planet," said Musaed Al-Saleh, Vice Chairman & CEO of National Projects Holding Co.

"We are involved in a number of projects across the region, including the Middle East's first fully integrated recycling and waste management park in Dubai, and believe it is vital for the public to be increasingly involved in our company vision and values towards contributing positively to global climate change."


The five fellows will have the unique opportunity to join an Earthwatch research team in early 2008 above the Arctic Circle. They will assist the team as they study the rate of melt on the glaciers, and gain a keen understanding of the risk to global ecosystems.

"On return to their normal lives, we will ask the participants in the 'National Projects Climate Fellowship' to attend schools and universities to share their experience and key learnings from the trip," continued Al-Saleh.

"The Middle East is a critical part of the world for promoting the understanding of climate change and the need to act swiftly to counteract this very real global environmental threat we are currently facing."


National Projects Holding Co. believes it is the responsibility of every profitable company to give back to the communities they live and work in, and is committed to maintaining this belief in both the company's investments and social work.

The company was awarded the prestigious Arabian Business Kuwait Achievement Award for Corporate Social Responsibility in March of this year, in recognition of various socially responsible initiatives and investments over the past twelve months. These include the Dubai Recycling Park project, the UAE's inaugural global warming conference 'Global Warming: The Role of the Business Community' and the sponsorship of the Royal Shakespeare Company's first-ever production of a Shakespeare play performed in Arabic.
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Notes and media contacts

For further media information please contact:

Kelly Smith, Account Director
MCS/Action
mobile: +971 50 498 3085

About National Projects Holding Co. (K.S.C)

National Projects Holding Co. (NPHC) was established in January 2006 as a Kuwait based Holding Co. NPHC is a subsidiary of the National Real Estate Co. (NREC).

National Projects Holding Co. was established with a clear focus of investing in Real Estate Development Projects and Industrial Opportunities in emerging markets.

National Projects Holding Co.'s most important investment from a socially responsible perspective is the Dubai Recycling Park project located within the Dubai Industrial City (DIC). The Dubai Recycling Park will be set up as an integrated recycling park servicing the waste generated from the industrial companies within the DIC.

National Projects Holding Co. (NPHC) has structured, advised and participated in various transactions since inception with an aggregate value of USD 818,000,000. NPHC had structured and raised Euro 206 million for the International Hotel Investments Co. which is a 5 Star Hotel operator in emerging markets, primarily in Eastern Europe.

National Projects Holding Co. is a strategic owner in the Mediterranean Investment Holding Co. (MIH) which was established with a capital of Euro 100,000,000. MIH was established with a vision of investing in Real Estate Development Projects in Libya. MIH is a joint venture between the NPHC, NREC and the Corinthia Group which is a subsidiary of LFICO, the Libyan Government.

National Projects Holding Co. strives to play a role in the communities that it conducts business in and will continue to give back to the community through environmental, cultural, educational and charitable initiatives.

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 the first quarter of 2008 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 Earthwatch Institute
Earthwatch Institute is the largest international environmental volunteer organisation in the world. Each year, Earthwatch engages more than 4,000 people in scientific field research expeditions in more than 130 dramatic locations worldwide. Our focus on four key priorities - climate change, sustainable oceans, sustainable resource management, and sustainable cultures - helps ensure that the work we do is relevant to both local communities and global initiatives. By providing volunteers the opportunity to contribute to scientific knowledge on research projects in each of these areas, Earthwatch promotes the understanding and action necessary for a sustainable environment.

Earthwatch currently has partnerships with a number of major international corporations, including HSBC, Starbucks Coffee, Alcoa, UBS, Wells Fargo, Lyondell, and others. These partnerships, designed to accomplish a wide range of objectives, have helped these organisations to sell product, develop staff, engage customers, change corporate culture, expand their CSR profile, or build relationships between the company and the communities they serve.

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