Dubai World to partner with One&Only in luxury Zanzibar resort

Notes and media contacts

Four Communications Group

Greg Moore
+ 971 4362 5130/ + 971 559 853 375

Ray Eglington
+ 971 55 985 3365/ + 973 360 44 111

Istithmar
Rebecca Pearce
+ 971 4 375 9546 / +971 50 458 5345

One&Only Resorts
Julia Record
+ 1 954 809 2556 / + 1 954 918 6298

Ilse Van Steen
+ 44 1753 899837

About One&Only Resorts
Created exclusively for the luxury resort market, One&Only Resorts are conceived as hallmarks of excellence. Set in some of the most beautiful locales in the world, each award-winning resort offers guests a distinctive style and personality borne of its local culture, a genuine hospitality and a lively energy that is unrivalled. These properties include the spectacular One&Only Reethi Rah, Maldives; One&Only Kanuhura also in the Maldives; One&Only Le Saint Géran in Mauritius; One&Only Royal Mirage in Dubai; One&Only Ocean Club in The Bahamas and One&Only Palmilla in Los Cabos, Mexico. A further two One&Only resorts will open in Cape Town, South Africa in 2009 and Cacique, Costa Rica in 2010. More information on One&Only is available at oneandonlyresorts.com

Kerzner International Holdings Limited, through its subsidiaries, is a leading international developer and operator of destination resorts, casinos and luxury hotels. Kerzner's flagship brand is Atlantis, which includes Atlantis, Paradise Island, a 3,700-room ocean-themed destination resort in The Bahamas. This unique destination features a variety of accommodations, all built around a 100-acre waterscape with over 20 million gallons of fresh and saltwater lagoons, pools and habitats, the world's largest open-air marine habitat and some of the most beautiful beaches in the world.

Kerzner is extending its Atlantis brand globally with the development of Atlantis, The Palm, Dubai, a 1,500-room, water-themed resort expected to open in late 2008 on The Palm, Jumeirah. Kerzner has also commenced construction of a 500-room, destination casino resort in Morocco that will open in 2009, which will be operated by Kerzner under a new brand that it will be introducing to the market. Kerzner also manages luxury resort hotels under the One&Only brand. For more information concerning Kerzner and its operating subsidiaries, visit kerzner.com.

About Dubai World
Dubai World is a major holding company that manages and supervises a portfolio of businesses and projects for Dubai Government and contributes to the rapid economic growth of the emirate across a wide range of strategic industry segments and projects that make Dubai a leading hub for commerce and trading.

Dubai World was established under a decree ratified on March 2, 2006 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President & Prime Minister of UAE and Ruler of Dubai.

On July 2, 2006 it was launched as one of the world's leading holding companies, with more than 50,000 employees in over 100 cities around the globe.

Chaired by Sultan Ahmed bin Sulayem, Dubai World was mandated with a vision to continue expanding Dubai's aggressive growth, at home and abroad. It comprises of development, investment, marine services, commodities, and ports and free zone divisions.

Dubai World is a powerful growth engine with an unprecedented collection of companies including: DP World, the third largest port operator in the world, Economic Zones World, Nakheel, Drydocks & Maritime World, Limitless among others.

Some of Dubai's iconic projects, like Nakheel's The Palm Islands and The World are unique real estate concepts that bear the signature of Dubai World. The group also has extensive real estate investments in the US, the UK and South Africa, unique hospitality destinations in every corner of the world, and a growing global port footprint from China to Peru and Australia to Germany.

Dubai World business strategy is driven by a combination of acquisition and investment in diverse fields and is designed to deliver real, measurable results to Dubai World's business units and investment partners.

The announcement of the plans for Zanzibar follows an announcement from Istithmar earlier in September of a partnership with the Government of Comoros, which will see the development of a luxury Indian Ocean island beach resort. Last year, Istithmar purchased the Victoria & Alfred Waterfront in Cape Town, South Africa, where One&Only Resorts has also announced a new resort. Istithmar is also behind the development of the Djibouti Kempinski Palace Hotel in Djibouti City.