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Monday, November 30 - 2009

One Za'abeel in tie-up with Kempinski Hotels

  • United Arab Emirates: Monday, June 30 - 2008 at 14:45
  • PRESS RELEASE

The Investment Corporation of Dubai (ICD) has announced a management agreement with Kempinski Hotels, the internationally renowned luxury hospitality group, that allows Kempinski Hotels to operate the new five-star hotel and serviced apartments being built at One Za'abeel, the iconic 36-storey mixed-use development launched recently by the ICD in Dubai.

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  • His Excellency Mohammed Al Shaibani, Director-General of HH The Ruler's Court and Executive Director and Chief Executive Officer of Investment Corporation of Dubai (at right), with Mr Ulrich Eckhardt, President - Middle East & Africa of Kempinski Hotels, and Mr Buti Al Jumairi, CEO of One Za'abeel.
    His Excellency Mohammed Al Shaibani, Director-General of HH The Ruler's Court and Executive Director and Chief Executive Officer of Investment Corporation of Dubai (at right), with Mr Ulrich Eckhardt, President - Middle East & Africa of Kempinski Hotels, and Mr Buti Al Jumairi, CEO of One Za'abeel.
The management agreement was signed by His Excellency Mohammed Al Shaibani, Director-General of HH The Ruler's Court and Executive Director and Chief Executive Officer of Investment Corporation of Dubai and Mr Ulrich Eckhardt, President - Middle East & Africa of Kempinski Hotels.

The One Za'abeel Kempinski Hotel, which will open in 2011, is part of the unique three-tower One Za'abeel complex, located at the Dubai World Trade Center roundabout. It will also include a residential tower with 450 apartments and a commercial tower offering 500,000 sq ft of office space. The three separate towers will be inter-connected at the top with a common retail podium covering an area of 270,000 sq ft connecting the three towers at the ground level.

The One Za'abeel Kempinski Hotel will have 370 guest rooms and 18,000 square metres of meetings and conference space in addition to 133 serviced apartments. Set to become a primary destination for conferences and meetings, the hotel will contain six meetings rooms, two ballrooms, a fully-equipped business lounge and many pre-function rooms with parking space for over 3,500 cars.

The central location of One Za'abeel Kempinski Hotel will prove to be a major advantage in attracting leisure travelers. In a first for the region, a highway will run through the One Za'abeel development. It will also be in close proximity to two Metro stations. In addition to availing themselves of various corporate and business facilities, guests at One Za'abeel Kempinski Hotel will also have access to nearby shopping and sightseeing attractions, as well as in-hotel facilities such as a luxurious spa, shopping boulevard, two fitness centres, swimming pools including a kid's pool, and a beauty salon.

Announcing the management agreement, Mr Buti Al Jumairi, Chief Executive Officer of One Za'abeel, said:

"The agreement with a global hotel operator of the caliber of Kempinski Hotels is a major milestone in our journey towards building a landmark leisure destination at One Za'abeel. Partnering Kempinski Hotels is a reflection of our commitment to involve the world's best service providers to offer unparalleled lifestyle opportunities at the One Za'abeel development. In line with the strategic vision of ICD, One Za'abeel will continue to identify and tap into unique opportunities that will further enhance Dubai's position as an international city of excellence."


Mr Ulrich Eckhardt, President of Middle East & Africa for Kempinski Hotels, said: "This project comes as a perfect addition to Kempinski's portfolio in Dubai after the successful launch of Kempinski Hotel Mall of the Emirates and the ground breaking of Emerald Palace on the Palm Jumeirah. Upon its opening, the 70,000 square metre hotel and serviced apartments, with access to over 20,000 square metres of retail space, will lead the market trends in innovative business hotel facilities."
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About Investment Corporation of Dubai (ICD)

The Investment Corporation of Dubai (ICD) was established in May 2006, following the transfer of Dubai Government's portfolio of investments from the Department of Finance's Investment Division. ICD's role is to supervise the Government's investment portfolio, adding value through the implementation of world best-practice corporate governance, recruitment of best people and embracing of a global investment strategy.

Formed as an independent financial and administrative body, ICD has been mandated to encourage investments in the emirate and manage a range of assets to the highest level of international best practice in corporate governance, both locally and globally, besides providing direct supervision of management of financial, industrial and services investments made by the Government.

Its portfolio comprises all wholly or partly-owned government businesses in Dubai, including Emirates Airlines, Dubai Aluminum, National Bank of Dubai, Shuaa Capital and Dubai Islamic Bank, Emaar, Dubai World Trade Centre and Jebel Ali Free Zone amongst many others.

About Kempinski Hotels
Europe's oldest luxury hotel group, Kempinski Hotels was founded in Germany in 1897. Kempinski's impressive portfolio of distinctive properties includes historical landmarks, unique hide-away resorts and vibrant city hotels throughout Europe, the Middle East, Africa, South America and Asia. Rich in tradition, each Kempinski hotel celebrates the local culture and customs of its destination whilst maintaining the impeccable personalised service for which Kempinski is renowned. Put simply, they are the first choice for the discerning luxury traveller.

As a valued private-sector member of the Stop TB Partnership, Kempinski is proud to support the Luis Figo Campaign to Stop TB through the distribution of campaign postcards in guest rooms, explaining how tuberculosis, if it is diagnosed and treated with effective medication, is curable. We share the Stop TB Partnership's vision and goal of a TB-free world.

Kempinski is a member of the Global Hotel Alliance. Based on the airline alliance model, Global Hotel Alliance is the world largest alliance of independent hotel brands. It uses a common technology platform to drive incremental revenues and create cost savings for its members, while offering enhanced recognition and service to customers across all brands. GHA currently comprises Anantara, Cham, Dusit, Kempinski, Landis, Leela, Marco Polo, Omni and Pan Pacific, encompassing 160 upscale and luxury hotels with over 46,000 rooms in 41 different countries.

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