Curtain rises on Art Dubai 2008

Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al-Maktoum, Vice-President and Prime Minister of UAE, and Ruler of Dubai, marked the official opening of Art Dubai.

  • United Arab Emirates: Thursday, March 20 - 2008 at 10:59
  • PRESS RELEASE


(from right to left): His Excellency Dr. Omar bin Sulaiman Governor, DIFC; Member of the Board and Managing Director of Dubai Culture and Arts Authority and Chairman Art Dubai Savita Apte, Director of Art Dubai, His Highness Sheikh Majed bin Mohammed bin Rashid Al Maktoum, John Martin, Fair Director and Co-Founder of Art Dubai  and Frederic Sicre, Executive Director of Abraaj Capital.
(from right to left): His Excellency Dr. Omar bin Sulaiman Governor, DIFC; Member of the Board and Managing Director of Dubai Culture and Arts Authority and Chairman Art Dubai Savita Apte, Director of Art Dubai, His Highness Sheikh Majed bin Mohammed bin Rashid Al Maktoum, John Martin, Fair Director and Co-Founder of Art Dubai and Frederic Sicre, Executive Director of Abraaj Capital.

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The event has almost doubled the number of galleries participating, as well as significantly increasing the size and scope of its art projects and Global Art Forum, since the inaugural DIFC Gulf Art Fair in 2007.

The opening press conference was attended by Sheikh Majed Bin Mohammed Bin Rashid Al Maktoum, Chairman of the Dubai Culture and Arts Authority.

Underscoring the commitment of the Dubai government to the cultural development of the UAE and the growth of Dubai as a hub for art-related commerce, His Excellency Dr. Omar bin Sulaiman, Governor of the Dubai International Financial Center (DIFC); and Member of the Board and Managing Director in Charge of the Dubai Culture and Arts Authority, outlined the milestones that Art Dubai has achieved since the inaugural fair in 2007.

'In its second year, Art Dubai has become a significant event on the international art calendar. We are avidly advancing Dubai's aspiration to become one of the world's mostly widely recognized centres for innovative contemporary art by engaging with the leading galleries around the world as well as inspiring the best art minds across the region and the globe to take part in our five-day event. In just 12 months, Art Dubai has doubled the amount of contemporary art presented, while attracting a wider range of speakers at the Global Art Forum, a greater diversity of art projects, and more corporate support than we ever anticipated in 2007,' said HE Dr. Omar.

The Middle East's first and largest contemporary art event, Art Dubai, includes the following highlights for its 2008 fair:


• Contemporary artworks offered for sale by nearly 70 of the world's leading contemporary and modern galleries from 28 countries in the Middle East, South and Central Asia and the Far East, as well as Europe and the Americas, bringing together the most sought-after contemporary art and modern masters in one of the world's most dynamic countries, and offering a scale and caliber of art not previously available under one roof in the Middle East region.


• The Global Art Forum: 2, which opened at DIFC on 17 March with an Art & Patronage in the Business Age theme, and which brings together 50 of the global art community's most respected curators, collectors, and artists to debate and advance the discussion on the confluence of art and commerce. The Global Art Forum: 2 moves to Madinat Jumeirah on 19 March and is open to the public.


• An expanded number of special art projects and exhibitions created especially for Art Dubai 2008, including new large-scale pieces from leading international artists such as Wim Delvoye, Tarek Zaki, Amir H. Fallah, Sunil Gawde and Marwan Rechmaoui as well as a special exhibition of contemporary art from Pakistan curated by Salima Hashmi: 'Desperately Seeking Paradise,' and an underground Art Park highlighting video work.


• Credit Suisse's international Art & Entrepreneurship exhibition tour. A significant number of the artists participating in the inaugural Credit Suisse exhibition will be on hand to interact with collectors, curators, gallerists and other art decision-makers attending the five-day art fair - among the expected participants are Jiten Thukral, Sumir Tagra, Latifa Echakhch, Mamiko Otsubo, and Plamen Dejanoff.

'For the next five days, some of the Middle East's leading artists and cultural influencers will meet a number of the world's leading gallerists, curators, collectors and arts thinkers at Art Dubai, creating the widest array of contemporary art and arts development discussions ever located in one venue in the region. I urge anyone with an interest in art - from casual enthusiasts and students to cultural institutions and the most focused regional and international collectors - to spend time at Art Dubai, enjoy the relaxed, carnival-like atmosphere, and benefit from the diversity of art and events that we are offering,' said John Martin, co-founder and fair director.

Abraaj Capital and Credit Suisse Support the Development of Art Dubai, Wider Arts Community

The fair's founders and partner DIFC today also announced a partnership with Abraaj Capital, the premier investment firm specialising in private equity investment in the Middle East, North Africa and South Asia (MENASA) region, to launch the Abraaj Capital Art prize, aimed at developing a regional and global platform to recognize the contemporary work being created by artists working in the Middle East region.

The Abraaj Capital art prize provides an opportunity for up to five artists from the region to work alongside established curators and to showcase individual exhibitions of their work at Art Dubai 2009. Abraaj envisions the art created as a key element of a new corporate collection that will, over time, reflect the changing concerns of art practise in the MENASA region. All applications should be submitted by curators as well as participating artists before 5th June 2008.

'As the Middle East and Asia's art landscape continues to develop exponentially, the timing is ideal to foster more international understanding about contemporary pieces being produced in the region. By working with an international acclaimed curator, the Abraaj Capital Art prize will enable artists from MENASA markets to broaden their international reputation and network, as well as develop their work through creative collaboration' said Frederic Sicre, Executive Director at Abraaj Capital.

Visitors to Art Dubai 2008 will also be the first in the world to view the unique Credit Suisse 'Art & Entrepreneurship' exhibition set to visit cities including New York, Moscow and Milan before being auctioned in London later this year. Nineteen contemporary artists were tasked with translating core values of entrepreneurship based on a Credit Suisse client survey - Vision, Knowledge, Network, Family and Social Responsibility -- into works of art.

Jumeirah, as the exclusive hotel partner for Art Dubai, will be hosting the Patron's Preview on March 18th at Madinat Jumeirah. As a young, Dubai-based company with ambitious expansion plans, Jumeirah Group has a strong synergy with the world-class arts event, and already has a significant involvement in arts and culture. Apo Demirtas, Chief Sales and Marketing Officer said, 'We are delighted to be supporting Art Dubai, which underscores Jumeirah's promise and continued commitment to STAY DIFFERENT™, as well as demonstrating that Dubai is truly an international arts and Cclture destination. We look forward to welcoming the celebrated artists and collectors to Madinat Jumeirah.'




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Notes and media contacts

Art Dubai 19-22 March 2008
Madinat Arena, Madinat Jumeirah
www.artdubai.ae

For press enquiries please contact
Eileen Wallis / Shawn Stephens at The Portsmouth Group, P.O Box 71765, Dubai, United Arab Emirates, T: 009714-3693575

DIFC contacts:
Amira Abdulla
PR Manager
Dubai International Financial Centre
Tel: +971 4 362 2433

Shaima Al Zarouni
Assistant PR Manager
Dubai International Financial Centre
Tel: +971 4 362 2432

Iman Ahmad
Regional Media Relations Manager
Dubai International Financial Centre
Tel: +971 4 362 2685

For further information about Art Dubai, participating galleries, art projects, events and the education programme please visit www.artdubai.ae

Art Dubai is a subsidiary of the Dubai International Financial centre and is held in partnership with Abraaj capital. Madinat Jumeirah is the exclusive hotel partner for the event.

• Opening times: Wednesday 19th March (by invitation only); Thursday 20th March and Friday 21st March 2-9pm; Saturday 22nd March 11-5pm

About DIFC: The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services.

In just three years, over 550 firms have registered at the DIFC. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

About Abraaj Capital: Based in Dubai, Abraaj Capital is the premier investment firm specialising in private equity investment in the Middle East, North Africa and South Asia (MENASA) region. The management team has brought together some of the most compelling and successful transactions in the history of leveraged acquisitions across the region.'

With $5bn of assets currently under management, Abraaj has pioneered institutionalizing private equity practice in the region and is setting trends and benchmarks for others to follow.

Winner of industry awards including 'Middle East Private Equity Firm of the Year' from Private Equity International (2005, 2006 & 2007), the Banker Middle East Award for 'Best Private Equities Institution' in 2006 and for 'Outstanding Contribution to Financial Services in the Middle East' in 2007 and 'Best Private Equity House' at the World Private Equity Awards, MENA in 2007. Arabian Business recognized Abraaj among the 50 Most Admired Companies in the GCC in 2007. Abraaj is also the first pure private equity firm to be registered by DFSA to operate out of Dubai International Financial Centre (DIFC).

Apart from managing its five private equity funds, Abraaj Capital Holdings Limited (ACHL) itself is extremely well capitalized, with an issued share capital of $1bn. Its 135 professionals come from 27 nationalities and achieve a coverage that spans the MENASA region. For more information please visit www.abraaj.com

About Jumeirah Group: Jumeirah properties are regarded as among the most luxurious and innovative in the world and have won numerous international travel and tourism awards. The fast growing Dubai-based luxury international hospitality management group encompasses the world renowned Burj Al Arab, the world's most luxurious hotel, the multi-award winning Jumeirah Beach Hotel, Jumeirah Emirates Towers, Madinat Jumeirah and Jumeirah Bab Al Shams Desert Resort & Spa in Dubai, the Jumeirah Carlton Tower and Jumeirah Lowndes Hotel in London and the Jumeirah Essex House on Central Park South in New York.

The Group's activities are, however, not restricted to hotel and resort management. The Jumeirah Group portfolio also includes Wild Wadi, regarded as one of the premier water parks outside of North America; The Emirates Academy, the region's only third-level academic institution specializing in the hospitality and tourism sectors; The Taste Department, the company's dedicated restaurant division; global spa brand Talise; Jumeirah Living, the Group's luxury brand of serviced residences offering effortless living in luxurious surroundings; and Jumeirah Retail, with its fourteen stores and dedicated luxury retail website www.jumeirahcollection.com.

Building on this success, Jumeirah Group became a member of Dubai Holding in 2004, a collection of leading Dubai based businesses and projects, in a step that aims to initiate a new phase of growth and development for the group.

Jumeirah has extensive expansion plans to grow its portfolio of luxury hotels and resorts into key gateway or letterhead cities and aspirational resort destinations worldwide. Currently, the Group has several luxury five-star properties under development, including five in Dubai and others in Abu Dhabi, Aqaba, Doha, Phuket, Bermuda, Mallorca and London. The Group is eagerly anticipating the grand opening of Jumeirah HanTang Xintiandi in August 2008, Jumeirah's first hotel in China and flagship property in the Asia Pacific region.
Lara Lynn Golden Lara Lynn Golden, News Editor
Thursday, March 20 - 2008 at 10:59 UAE local time (GMT+4)

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This Article was updated on Sunday, March 30 - 2008
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