Sharjah, Nov.19th, 2006 (WAM) -- Emirates Financial Towers (EFT)today announced that they have awarded Robotic Systems the rights to develop a high-tech parking facility that will be one of the firstof its kind within the Middle East.

This system is planned to contain 1,200 fully automated parkingspaces and will be the largest of its kind worldwide.

Designed by US firm Robotic Parking Systems, patrons of the EFTwill have at their service a technological marvel that takes the problemof parking out of their hands and into the hands of computers.

"Within classical terms, the EFT is by all means a futuristicbuilding in both look and design.' said Mr. Hani Abu Auida,EFT Chief Executive Officer. "With this technology, an individual willnot need to drive through the garage to find a parking space. You simplydrive your car into one of the multiple entry exit stations and leaveyour car to be picked up by the computerized machines (Robots) that willpark it inside the building on a shelving system." He added: "This is true premium valet parking for everyday use,using state of the art technology instead, leaving your car safe frombreak-ins and accidents or dents and scratches that are usually the riskof parking in large car parks".

The Robotic System utilized in EFT addresses the growing parkingproblem in the UAE by providing more than twice the number of parkingspaces compared to a conventional car park in the same space.

Speaking of the new system, Mr. Royce Monteverdi of Robotic Systems said, "The Robotic Parking system is environmentally friendlyand shows the dedication we have in helping the environment since it eliminates exorbitant high volume of emissions produced by vehicles inside a car park, while circulating when trying to find a space insidethe garage. It is an active contribution to combat the effects of GlobalWarming and I welcome and appreciate the visions of EFT".

"The state of the art amenities that we will be offering, coupledwith the unique architectural design of the Emirates Financial Towers,is an illustrative example of how progressive the UAE is, and an exampleof the intrepid advancement taking place in this part of the Middle East."concluded Mr. Hani Abu Auida.

Based in the DIFC, the ultra-modern Emirates Financial Towersis planned to be a mix-use building that presents Grade-a office space,in a contemporary and ground-breaking design. Coalescing premier commercial and housing space, the architects of the EFT structure havecreated a distinctive design that features a unique elliptical profilewith an embedded translucent sky bridge, allowing it to be unmistakablynoticeable against the Dubai skyline.