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Monday, November 9 - 2009

'Royal Ranches Marrakech' closes land sale with Equine Management Services

Royal Ranches Marrakech, one of Gulf Finance House's flagship projects in Morocco announced the sale of approximately 40% of purchasable land for sale to Equestrian Management Services (EMS).

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  • CEO of EMS Ms. Eileen Verdieck, Anwer Qayum Sher. Managing Director of Equine Investment Company Ltd, Chairman of Gulf Finance House Mr. Esam Janahi, Deputy CEO of Gulf Finance House, Mr. Mehran Jamsheer.
    CEO of EMS Ms. Eileen Verdieck, Anwer Qayum Sher. Managing Director of Equine Investment Company Ltd, Chairman of Gulf Finance House Mr. Esam Janahi, Deputy CEO of Gulf Finance House, Mr. Mehran Jamsheer.
This announcement marks the third in a series of recent EMS projects across the MENA region and promises to deliver a world class equestrian centre complete with the latest equestrian facilities to the Royal Ranches initiative.

Located in the foothills of the Atlas Mountains, Royal Ranches Marrakech will populate 380 hectares, becoming one of the worlds first five star Equestrian Resorts.

EMS have track record of establishing unique equestrian venues and operate similar ventures in both Ajman and Dubai.

Their plans for Royal Ranches include an equestrian centre for 200 horses and other residential components comprising villas and apartments.

The design of the project will draw upon numerous aspects of Moroccan culture and reflect the historical significance of horses throughout the kingdom.

Royal Ranches Marrakech will deliver a unique equestrian experience for enthusiasts worldwide while simultaneously offering an economic stimulus to the local and regional economy.

Today's announcement will further capitalize on a Moroccan real estate boom that has attracted huge sums of Foreign Direct Investment (FDI) in recent years.

The trend saw FDI reach a record high of over $4bn at the end of 2007 alone, an increase of 18.8% over the same time last year and a 77% increase over the average of the past five years.

Royal Ranches Marrakech Chairman Esam Janahi said today:

"Royal Ranches Marrakech has been designed as a world class equestrian resort which fuses the luxuries of a five star resort with an advanced wildlife haven, and Equine Management Services bring with them vast experience in this arena. Their involvement will enrich the whole initiative and offer a truly unique experience for equestrian enthusiasts the world over."


The President of EMS Ms. Eileen Verdieck said, "We are passionate about creating unique equestrian experiences but finding the right partner and selecting the most appropriate location is critical to success of our ventures. In Royal Ranches we have a partner that shares our goals, and in Morocco we benefit from a rich and historical equestrian tradition which will be fully reflected in our work."

The new equestrian center will be designed and developed by EMS, and will introduce the company's HoofbeatZ Program, which is a comprehensive and sustainable equestrian management system designed to broaden the base of equine enthusiasts through the use of innovative, educational, and entertaining activities and games all centered around the horse.

Royal Ranches Marrakech is the second of two Resorts that infrastructure development experts Gulf Finance House have launched in Morocco, the second being Royal Resort Cap Malabata.

The beginning of infrastructure development for the two projects was announced earlier this year, and construction on the Royal Ranches Marrakech is expected to begin by the year's end as negotiations with contractors and real estate developments are currently underway.
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Notes and media contacts

About Royal Ranches Marrakech:

Royal Ranches (Marrakech is a vibrant cultural secluded resort, surrounded by a breathtaking natural environment, at the foot of the stunning Atlas mountains. Dedicating a total area of 380 hectares - a large portion of which is for the equestrian world - the development includes a world-class racing track supported by state-of-the-art stabling, veterinary facilities, and climate controlled grandstands.
Further to meeting the demands of the most ardent equestrians, the Royal Ranches boasts spectacular villas and apartments amidst stunning landscaping in the form of rivers, lakes and waterfalls - all this alongside the finest spas, an 18-hole mountain-view golf course, upscale retail outlets, and other world-class sporting and leisure facilities.

About EMS:
Equine Management Services (EMS) is an equine business solutions company based in Dubai that merges sound business practices, innovative real estate development, and equestrian-themed entertainment, education, and tourism. Born out of a deep love and understanding of horses, EMS conceptualizes and introduces new business models and visions for the industry and all its ancillary needs.

EMS's Signature HoofbeatZ™ Program is the flagship of the company. The brainchild of Eileen Verdieck, Co-Founder and CEO of EMS, HoofbeatZ™ is a revolutionary equine-based program that creates innovative and new possibilities between man and horse.

The program introduces new aspects of education, entertainment, and sport all centered around the horse and designed to broaden the base of equine enthusiasts and the industry at large. The HoofbeatZ™ System applies the best equine management and training practices whilst providing education, entertainment, and business solutions through to equestrian center planning and development

About GFH:

Founded in 1999, Gulf Finance House has grown rapidly to become one of the most respected investment banks in the Middle East region in terms of the quality and innovation of its product offerings. Over an eight-year period Gulf Finance House has successfully launched economic infrastructure development projects and investments with an aggregate end value exceeding $20bn and received numerous awards for its innovative approach to Islamic banking and finance. Its shares are actively traded on the London Stock Exchange (GDR), the Kuwait Stock Exchange, the Bahrain Stock Exchange and the Dubai Financial Market. 2007 was the most successful year in the banks' history, closing with a net profit of $340m, an increase of 61% compared to the previous year.

Reflecting its international reputation, Gulf Finance House has won numerous local and international awards, such as "Best Investment Bank" for three years in a row in 2005, 2006 and 2007, awarded by The Banker Middle East, "Bank of the Year 2006" awarded by the Arabian Business Magazine and "Best Islamic Real Estate Finance House" awarded by
Euromoney

For further details contact:

Maheen Ali
Public Relations
Hill & Knowlton
Manama, Kingdom of Bahrain
Fax: +973 17 533370
.com Safiya Khonji
Corporate Communications
Gulf Finance House
Fax: +973 17 530475

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