Emaar and Dubai Holdings in advanced discussion on consolidation

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About Emaar Propetries PJSC:
Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer with a significant presence in 36 markets worldwide. Besides building residential and commercial properties, the company also has proven competencies in shopping malls and retail hospitality and leisure education, healthcare and finance. Emaar is developing Burj Dubai, the world's tallest building and free-standing structure and has opened the Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing King Abdullah Economic City, the region's largest private sector-led project, featuring a Sea Port, Central Business District, Industrial Zone, Educational Zone, Residential Communities and Resort District.

Emaar has joined hands with Giorgio Armani to strengthen its presence in hospitality. The company is opening educational institutions and healthcare centers in South Asia, Middle East and north Sfrica and the Subcontinent.

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.

About Dubai Holdings LLC
Dubai Holdings was launched in October 2004 to consolidate the various large-scale infrastructure and investment projects in Dubai, as well as to identify opportunities to develop future major projects that will benefit the UAE and the region.

The company has been created with the goal of providing a better future for all through the range of life-improving industries it is involved in. each Dubai Holding operating company focuses on key areas which dynamically support the development of Dubai as a world-leading hub for commerce, leisure and finance.

Under its slogan: "For the good of tomorrow" Dubai Holding has created strong presence in 13 various industries by developing pioneering initiatives spanning numerous sectors including finance, real estate, technology, hospitality, energy, healthcare aerospace, communication, industrial manufacturing, biotechnology, education, leisure and entertainment and telecommunications.

Dubai Holding's seven member companies are: Jumeirah Group, TECOM Investments, Dubai Group, Dubai Properties Group, Tatweer, Sama Dubai and Dubai International Capital. Through these companies, Dubai Holding has a foothold in four continents with more than 250 companies and around 16000 employees.

The seven members have initiated, launched and mange companies in different sectors. These companies include: Jumeirah Living, Jumeirah Essex House, Wild Wadi, Dubai Internet City, Dubai Media City, Dubai Knowledge Village, Dubai Investment Group, Noor Islamic Bank, Borse Dubai, Dubai Properties, Injaz, Salwan Properties Management, Dubai Healthcare City, Universal Studios Dubailand, the Tiger Woods Dubai, Dubai Towers, Salam resort brand, Dubai International Capital Global Equity, and Dubai International Capital Private Equity.