IFA Hotels & Resorts lists on Kuwait Stock Exchange

Notes and media contacts

ABOUT IFA HOTELS & RESORTS -

IFA Hotels & Resorts is a wholly owned subsidiary of Kuwait's International Financial Advisors (IFA), and is widely recognised as one of the world's leading international companies engaged in the development of premier integrated and mixed-use hotel and tourism resort projects throughout Europe, the Middle East, the Indian Ocean and Africa.

IFA Hotels & Resorts is in the process of listing, with the first stage being through a reverse listing of IFA Hotels & Resorts (South Africa) on the Johannesburg Stock Exchange (JSE) later this year.

In the Middle East, IFA Hotels & Resorts is the largest investor on The Palm Jumeirah, the iconic man-made island in Dubai, in the United Arab Emirates. IFA Hotels & Resorts is developing the 400-room Fairmont Palm Hotel & Resort located on the trunk of The Palm, with some 560 luxury apartments adjacent to the Hotel at the Fairmont Palm Residence. On the Crescent of The Palm, adjacent to Atlantis, IFA is developing a 1,000-key mixed use destination resort, comprising a Hotel, Vacation Club, Residences and Private Residence Club, also to be managed by Fairmont Hotels & Resorts. Elsewhere on The Palm, IFA owns two shoreline residential buildings on the trunk, Al Nabat and Al Haseer, in addition to the development of the prestigious Palm Golden Mile.

The Golden Mile development, a Joint Venture project with Nakheel, (developers of The Palm), is a US$300million development set along the heart of The Palm, the trunk, featuring in excess of 850 luxury apartments as well as 220 boutique shops and restaurants. The project stretches along a 1.5 kilometre canalside corniche, transforming it into one of the world's most unique and sought-after waterfront retail destinations.

Elsewhere in Dubai, IFA is developing the Laguna Tower, a forty-storey mixed-use tower comprising residential apartments, a Condo-Hotel managed by Mövenpick Hotels & Resorts, in addition to retail and restaurants along the waterfront.

IFA Hotels & Resorts has recently launched its prestigious Alabadiyah Hills resort development in Lebanon, an ultra-luxurious mountainside retreat in Bhamdoun, overlooking Beirut. Formerly on the site of a presidential palace, the 7.5 hectare project will comprise high end residential villas and apartments, in addition to a world renowned spa and beauty clinic, which will be managed by Kempinski Hotels & Resorts.

In South Africa, IFA is involved in a joint venture at the existing Zimbali Coastal Resort. Zimbali is a 370 hectare (925 acre) tropical coastal residential and resort estate located on the North Coast of KwaZulu-Natal, 25 km north of Umhlanga Rocks and bordering on the south of the popular holiday destination of Ballito. Zimbali consists of two distinct but uniquely complementary residential and resort estates - the Zimbali Coastal resort.

Within Zimbali, IFA Hotels & Resorts owns the exclusive Zimbali Lodge which is managed by Sun International Limited, and IFA has announced that Fairmont, entering the South Africa Market for the first time, will manage the new Fairmont Zimbali.

IFA Hotels & Resorts is also the force behind the super-premium Sheraton Algarve Hotel and Pine Cliffs Resort in Portugal; part of Starwood's Luxury Collection; and the Zanzibar Beach Hotel and Resort on the historic Tanzanian spice island which will be managed by Mövenpick Hotels & Resorts.

Throughout the world, IFA Hotels & Resorts aims to link its resorts in Dubai, South Africa, Zanzibar, Lebanon and Portugal to new parts of the globe, such as Mauritius, Eastern Europe and the Far East. This will offer residential investors and tourist visitors alike, to follow IFA Hotels & Resorts throughout a unique network of world-class hotels, residential resorts, vacation and residence club destinations.

IFA Hotels & Resorts programme of brand acquisition and developer partnerships will continue into the future and is evidenced by the ever growing strength of product range unique to a single company within the hospitality real estate industry. The recent acquisition of the innovative and cutting edge Hotel concept YOTEL, confirms the lateral approach to creative investment and hospitality products.

• IFA - Hotels & Resorts
• IFA - Lifestyle Membership Clubs
• IFA - Vacation Ownership
• IFA - Fractional Ownership
• IFA - Hotel Ownership
• IFA - Residences
• IFA - Travel & Tourism

This unique and wide reaching product range will enable IFA Hotels & Resorts the ability to continuously anticipate and deliver to the varying property investment and leisure needs of consumers through a multitude of socio economic and demographic groups.

For further information please contact:

IFA Hotels & Resorts
PR Manager - Melanie Maier
Tel: +971 50 640 4674

Orient Planet PR & Marketing Communications
Tel : +971 4 3988901
Fax : +971 4 3988941
Website: www.orientplanet.com