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Jul 13 2011

QATARI DIAR purchases marina in Tarragona, Spain

13 July 2011 (Doha, QATAR): QATARI DIAR Real Estate Investment Company , aninternational leader in sustainable development, announced today the purchaseof the Port Tarraco Marina in North Eastern Spain through its subsidiary QatariDiar Marina Tarragona (QDMT).

The high-endPort Tarraco Marina is located in Tarragona, Spain, approximately 95km south ofBarcelona, and will be one of the few existing marinas of its kind in thewestern Mediterranean to offer deep water berthing for large, sophisticatedsuper, mega and giga yachts.

"We arethrilled to be investing in the western Mediterranean's marina industry, one ofthe most mature in the world. With ourinternational experience and the expertise of our world-class partners, MB92, we expectthe Port Tarraco Marina to become one of the top year-round marina destinationsfor yachts in Europe and the Mediterranean," said Eng. Mohammed bin Ali AlHedfa, Group CEO of QATARI DIAR .

Locatedon Spain's Costa Dorada, or "Golden Coast," the marina offers visitors a chanceto explore the rich local Catalonian culture, visit the area's many beaches, ortravel to nearby mountains for hiking or skiing. The marina is positioned in close proximityto a large capacity airfield and is centrally located for immediate access toall major cruising destinations in the Western Mediterranean. It is exclusively designed to provide largeyachts with the best possible services and facilities, and boasts an array ofleading amenities and excellent accessibility.

QDMT isa joint venture between QATARI DIAR and MB92, a Barcelona-based operator ofmarinas, with 95% representation by QATARI DIAR and 5% by MB92. The purchase was made from vendorInternational Marina Tarragona S.L., a Spanish marina operator.

Wholly owned by the QatarInvestment Authority, QATARI DIAR Real Estate Investment Company wasestablished in December 2005to support Qatar's growing economy and to co-ordinate the country's real estatedevelopment priorities. QATARI DIAR is currently involved in more than 35projects in more than 20 countries around the world

-Ends-

About QATARI DIAR Real Estate Investment Company :
Wholly owned by the Qatar Investment Authority, QATARI DIAR RealEstate Investment Company was established in December 2005 to support Qatar'sgrowing economy and to co-ordinate the country's real estate developmentpriorities. QATARI DIAR is currentlyinvolved in more than 35 signature projects in more than 20 countries aroundthe world.

QATARI DIAR is becomingestablished as one of the world's most trusted and respected real estatecompanies because of its commitment to quality, local community, partnershipand hallmark sustainability.

QATARI DIAR 's hallmark vision ofsustainable development places community and local traditions at the forefront.The Company aims to create and manage property investments and developmentswhich not only comply with the best international standards, but which alsostrongly reflect local culture and values. As a result, QATARI DIAR 's projectsdeliver a distinctive and sustainable social, economic and environmentalbenefit to the community. In addition, QATARI DIAR often enables local andinternational developers and investors to partner in its projects, and to worktogether in exploring other opportunities, both locally and internationally. www.qataridiar.com

About Marina Barcelona 92 (MB92):
MarinaBarcelona 92 is a company fully dedicated to the yacht industry and providesservice-refit, repair and maintenance works to more than 70 superyachts peryear with overall lengths from 35 up to 180 metres.

Theshipyard covers a surface area of 76,000m2 with the followingfacilities: a 2,000 ton Syncrolift®, a 210 metres Dry dock, a 125 metres paintshed, a 150 ton Travelift, docking repair quays with the capacity to berth 8yachts up to 110 metres in length, a berthing repair area for six yachts up to200 metres in length, and a 4,000 ton Syncrolift® which will be operable in2013.

MB92 hascommissioned Mourjan Marinas IGY to drive the global marketing effort and workalongside MB92 to provide Port Tarracowith a fresh injection of luxury marina management and marketing expertise.

www.mb92.com

About Port Tarraco Marina:

- 64 berths for boats between 30 and 160metres LOA

- 9 metres draught

- 140m length waiting dock

- Up to 1250 amp power outlets

- Electricity supply, fresh water,Internet, satellite TV

- CCTV and 24-hour surveillance

- Ship chandler

- Dedicated Customer Service

For further information, kindly contact:
John Watts - Brown Lloyd James
+974 6687 6682
johnw@brownlloydjames.com
Rachel Walsh- Brown Lloyd James
+974 3393 1229
rachelw@brownlloydjames.com

© Press Release 2011

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