Dubai, August 10, 2008: Brett Schafer, Senior Managing Director, Al-Futtaim Group Real Estate (AFGRE) received the prestigious Certified Development, Design and Construction Professional (CDP) award from the US-based International Council of Shopping Centre (ICSC).

ICSC is the recognised global trade association of the shopping centre industry founded in 1957. The Middle East Council for Shopping Centre (MECSC) is its regional body.

Schafer is the only person outside of the Americas and Europe to receive the award which honours members of the retail estate industry's development, design, and construction professionals.

Schafer's award follows his success at an exam which can only written by globally renowned professionals with a high level of expertise in the retail development process and who have demonstrated experience and knowledge in retail development, design and construction.

AFGRE is a key division of Al-Futtaim Group based in Dubai, responsible for the development and operations of the Group's real estate businesses across the MENA region. Schafer leads AFGRE development which manages the conception, development, procurement and construction of projects including the mega mixed-use developments Dubai Festival City and Cairo Festival City.  

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Al Futtaim Group Real Estate (AFGRE), a key division of Al-Futtaim Group based in Dubai, is responsible for the development and operations of the Group's real estate businesses across the MENA region. AFGRE is responsible for the conception, development, procurement and construction of a number of mega projects as well as the leasing and operation of these projects after completion. The two current flagship mixed use developments under the Festival City brand name are:

Dubai Festival City is a 5.2 million sq m premier waterfront mixed-use urban community. Spanning 1,300 acres and stretching three kilometres along Dubai Creek, Dubai Festival City offers a rich and vibrant living experience that encompasses the finest and easily accessible shopping, dining, entertainment, homes, schools, hotels, offices and leisure all in one place.

Spanning 3 million square metres Cairo Festival City is a visionary mixed use urban community strategically located just 15 minutes from Cairo International Airport. Cairo Festival City features Egypt's first indoor-outdoor retail and entertainment resort combined with luxury residential communities, prime office spaces, internationally renowned hotels, schools and an automotive park all set within a lush landscaped environment.

For more information, please contact:
Mohammed Barghuthi                                    
Public Relations Manager                              
Al Futtaim Group Real Estate                            
Dubai - United Arab Emirates                            
Tel +971 4 2136297                                           
Fax +971 4 2325661                                         
P.O Box: 49776
Dubai,
UAE                              
Email: Mohammed.Barghuthi@afgre.com            
Web: www.afgre.com   
                                     
Nazneen Yasin
PR Account Executive
GMASCO
Dubai - United Arab Emirates
Tel: +971 50 5096054
Fax: +9714 2279801
P.O. Box 5830,
Dubai,
UAE
Email: Nazneen.Yasin@gmasco.com
Web: www.gmasco.com

© Press Release 2008