Al Fahim Group's property initiative supports tourism development in UAE capital

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About the Al Fahim Group

Established in 1958 by the late Abdul Jalil Al Fahim, Al Fahim is the oldest and one of the largest business groups in Abu Dhabi and in the UAE. In five decades, the business has transformed from a simple shop in Al Ain market into a remarkable, multi-faceted conglomerate with numerous business lines and an array of growth avenues.

Al Fahim has a stronghold on luxury car sales, provides specialized services to the oil and gas industry, and is the largest private sector owner of hotel rooms in UAE. Also, Al Fahim strategically invests in Industrial Development, Travel & Tourism and Real Estate.

About Rmal Hospitality

Rmal Hospitality is a dedicated hotel and restaurant development business launched by the Al Fahim Group in 2007. It represents a collaboration of specially selected brands within the Al Fahim Group's hotel and restaurant assets, which is supported by the exceptional local and international hospitality and F&B experience of the senior management.

Rmal Hospitality's current restaurant franchise portfolio includes Frankie's, wagamama and Trader Vic's, which the company holds rights throughout the Gulf, MENA and China. As part of the company's business expansion strategy new brands will come online across the region and North Africa in the near future.

About Tourism Development & Investment Company

Tourism Development & Investment Company (TDIC) is a public joint stock company established under Law No: 12 of 2005 as decreed by the Abu Dhabi Ruler and UAE President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan. TDIC is an independent organisation empowered to manage the tourism investment zones of the Abu Dhabi Tourism Authority (ADTA), which directs and implements strategy for the expansion of the emirate's tourism sector. TDIC will develop the real estate assets that support ADTA's mission of assisting UAE economic diversification through tourism development.

TDIC, launched with an initial paid-up capital of AED100 million (US $27.5 million) with its shareholding fully owned by ADTA, operates along strictly commercial lines with its projects being self-sustaining and economically feasible. Its activities include creating development and tourism related concepts for specific sites and locations, disposing of, or repositioning, government-owned tourism related assets, entering into joint ventures with investment partners for assets such as hotels or residential products, as well as serving as the master developer for large scale projects.

About Fairmont Hotels and Resorts

A leader in the global hospitality industry, Fairmont Hotels & Resorts is an extraordinary collection of luxury hotels that truly reflect the essence of their destination.

With over 50 distinctive hotels in 12 countries, and more than 20 properties currently in development, Fairmont is committed to growing its portfolio of world-class hotels and plans to add properties in coveted international destinations like Cairo, Shanghai, Dubai, and Beijing over the next few years.

Fairmont is owned by Fairmont Raffles Hotels International, a leading global hotel company with over 80 hotels in 25 countries worldwide under the Raffles, Fairmont and Swissôtel brands. The company also owns Fairmont and Raffles branded Residences, Estates and luxury private residence club properties. For more information, visit www.fairmont.com

For more information please contact

Charlie Akielan
d'pr
Tel: 04 3311104

Or

Laura Fanning
d'pr
Tel: 04 3311104