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Tuesday, March 16 - 2010

Emaar highlights its global growth at World Economic Forum meeting in Sharm El Sheikh

Emaar Properties is a Support Sponsor of the World Economic Forum on the Middle East to be held in Sharm El Sheikh, Egypt, from May 18 to 20, 2008.

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The company will highlight its international growth strategies at the annual global gathering of world leaders, international think-tanks, entrepreneurs and professionals.

Mr Mohamed Ali Alabbar, Chairman, Emaar Properties, will be a key participant in the World Economic Forum - CNBC Televised Debate titled 'Invest it Forward' on May 18. Mr Alabbar will challenge the motions of the debate that the stewards of the Middle East's oil wealth lack long-term vision.

Other participants in the debate are: Mr Mustapha Nabli, World Bank's Senior Advisor on Development Economics; Sheikh Mohammed Bin Essa Al-Khalifa, Chief Executive of the Economic Development Board of Bahrain; and Mr Rachid Mohamed Rachid, Egyptian Minister of Trade & Industry.

Mr Alabbar said:

"The World Economic Forum on the Middle East is a true showcase of regional thought-leadership. Over the past years, the event has evolved as a pointer on the direction of growth of the Middle East economies by discussing on a diversity of views and opinions and setting robust agendas for the future."


He added: "Emaar Properties has been associated with the World Economic Forum meeting on the Middle East since its foundation. Led by our Vision 2010 to become one of the most valuable companies in the world, Emaar has been instrumental in creating a strong investment environment in all the markets it operates. The focus of this year's World Economic Forum on the Middle East on 'Learning from the Future' complements our proactive growth outlook."

Emaar Properties is the only regional property developer to be listed in the Financial Times Global 500 index. The company has a significant presence in 36 active markets globally, and has expanded into healthcare, education, shopping malls, financial services and hospitality & leisure. Emaar is developing Burj Dubai, the world's tallest building; and the region's largest private sector project, King Abdullah Economic City in Saudi Arabia.
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Notes and media contacts

About Emaar Properties PJSC:
Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Powered by its Vision 2010 to become one of the most valuable companies in the world, Emaar is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation.

Emaar has highlighted its remarkable global growth by debuting on the Financial Times Global 500 ranking, which provides an annual snapshot of the world's largest companies. Emaar has been assigned A- and A3 ratings with stable outlook by Standard & Poor's and Moody's Investor Services, respectively.

Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Emaar is also developing new competencies in malls, hospitality & leisure, education, healthcare and finance, which have evolved from its integrated approach to customer service and property development.

Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, the world's tallest building and free-standing structure, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing the $26.6bn King Abdullah Economic City, the region's largest private sector-led project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Morocco, Egypt, Turkey, Libya, Algeria, India, Pakistan, Indonesia, China, the US, the UK, France and Canada.

An award-winning developer, Emaar has strengthened its product sale competencies, market reach and best practices through strategic acquisitions and joint ventures. Emaar acquired John Laing Homes, America's second largest privately held home builder; Hamptons International, UK's premier realtor; and formed a joint venture with US-based Turner International to strengthen execution capabilities.

Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury Armani Hotels & Resorts world-wide and 100 Formule 1 budget hotels in India. The company is opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent. Emaar acquired Singapore-based leading education provider, Raffles Campus, to extend expertise to its educational institutions.

Emaar holds 30% equity in Dubai Bank, focused on retail and commercial banking. Emaar is also the largest shareholder in Amlak Finance, UAE's leading Islamic home financing company.

For further information, please contact:
Kelly Home / Nivine William
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 334 4550; Fax: (+971 4) 3344 556

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