| 12 Nov 2008 |
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Dubai Investments Signs an Agreement with Swiss-Attixs International Hotels Group of Switzerland for the Development of Dubai President Club & Spa Suites
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Dubai, United Arab Emirates, November 12, 2008 - Dubai City: Dubai InvestmentsDubai Investments
PJSC has signed a milestone Strategic Framework Agreement (SFA) with Swiss-Attixs International Hotels Group (SAIH) of Geneva, Switzerland today for the development of Dubai President Club and Spa Suites. The agreement was signed by Khalid Kalban, MD & CEO of Dubai InvestmentsDubai Investments and Robert Galli, Executive Director of SAIH.The thrust of the Agreement is to provide leisure-hospitality related services, including management and operation, to DIDI or to its associated companies' hospitality ventures, either on a packaged or discreet basis as the projects' merit. Initially, such services shall be made available by SAIH to the proposed luxurious DIDI's ''Dubai President Club & Spa Suites''. The Club aims to build eighty high-end suites ranging from 482-square-meter Royal Suites to Type A and B Suites of 237 and 167 square meters. The Club will also have sports, fitness club and spa suites with fine landscape and extreme privacy, safety and updated technology.
SAIH, through its other Group companies viz. Tradco Global Engineering & Construction S.A. (TGEC) for property development, TGEC Bright Interiors & Designs Group S.A. (TGEC Bright) for manufacturing and fit-out of FF&E and architectural interior design, and Swiss-Attixs Events S.A. (SAE) for event launching and brand management, may get engaged with DIDI or with its subsidiaries, in establishing, furnishing, managing, maintaining and operating real estate and hospitality projects, their brand and brand management, which amongst others may include luxury hotels, resorts, villas, investor-oriented residencies, serviced apartments, etc. These services shall be made available to DIDI as per DIDI's project needs and requirements.
"The rationale of such an Agreement is to put greater strength, synergy and mobility into DIDI's development sector through the inputting of SAIH's expertise and competence. We are confident that this partnership will be a great success" said Khalid Kalban.
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About Dubai InvestmentsDubai Investments PJSC (DIDI):
Dubai Investments (DI)Dubai Investments (DI) is a world-class company that invests in viable and profitable entities. The company has an enviable track record and has shown leadership in all fields of investment activities in the United Arab Emirates and the Middle East. Its prudent use of capital and sound management skills enables DIDI to establish, acquire, or strategically participate in successful corporate ventures throughout the region.
The series of developments that has taken place in DIDI
over recent years, such as the increase in the number of subsidiary companies to 46 and the increase in share capital, has grown the business from a relatively small concern to a thriving large-scale company today. It makes its investments through its six major business divisions: Dubai Investment Industries, M'Sharie Venture Capital, Dubai Investments Real Estate Company, Glass, Dubai Investment Park and Al-Taif Investment. www.dubaiinvestment.com
About Swiss-Attixs International Hotels Group (SAIH):
Swiss-Attixs International Hotels (SAIH), Geneva, Switzerland is a top-end total hospitality management company.
A byword for luxury hospitality and servicing luxury hospitality market, it reflects the Swiss tradition in guest accommodation and service; with a touch of class, but always discreet; unquestionably opulent, but elegant; guest services, efficient and subdued; ambience and comfort, uppermost and unparallel - all built into the Swiss-Attixs hospitality culture.
Delivering unforgettable experiences through establishing and managing de luxe holiday destinations is the focus of Swiss-Attixs. The company's development and management strategy is driven by national and international alliances through brand franchising, acquisitions and development, with financial structuring wherever needed.
Its engagement is restricted only to high-end six-star luxury hotels, serviced apartments, villa resorts, chalets and condominiums, and associated structures like marquee restaurants, clubs, spas, medical health centers, etc. It has already helped to build a solid portfolio of five- and six-star luxury hotels, resorts and serviced apartments in different parts of the world.
For further information please contact:
Executive Director
Swiss-Attixs International Hotels Group (SAIH)
P.O. Box 43, CH-1211
Geneva 13,
Switzerland
Tel.: +41 22 338 0338,
Fax: +41 22 345 7788,
E-mail: vip@swissattixshotels.com
© Press Release 2008
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