400,000 Sq Ft Facility to Include State-of-the-Art Offices, Service, Training and Distribution Centres

Dubai: 25 March, 2008 - Dubai Industrial City, a member of Tatweer, today signed an agreement with the Arabian Gulf Mechanical Centre (AGMC), for the construction of an AED 60 million state-of-the-art service centre for BMW and MINI within the transportation zone of the region's leading industrial hub.

The deal was signed by Rashed Al Ansari, Chief Executive Officer of Dubai Industrial City, and Stathis I. Stathis, General Manager of AGMC, the exclusive importer for BMW, MINI and Rolls-Royce in Dubai, Sharjah and the Northern Emirates.

Under the agreement, the 400,000 sq. ft. modern AGMC centre will include a specialized showrooms, sales offices, service and repair centre, training centre, as well as logistics, distribution and warehouse complex for BMW and MINI vehicles.

Al Ansari said: "The presence of international marquees like BMW and MINI at the Dubai Industrial City is yet another testimony of our success in attracting major players to the transportation zone. Our end-to-end world class suite of services and facilities are attracting major brands to our city and allowing companies like AGMC to focus on long term growth, while delivering improved results and creating additional value for stakeholders and customers."

"This service centre investment is in line with our growth strategy, being one of the largest for BMW in the Middle East, and will also ensure that employees are trained and educated on the latest BMW technologies regularly, keeping with our service excellence initiatives," explained Stathis.

"As part of our business development plans, which saw AGMC sales increase by 14% in 2007 over 2006, AGMC's Sheikh Zayed showroom expansion will also be completed this year to provide BMW customers with unparalleled aftersales services in the luxury automotive market."

Located adjacent to the Dubai World Central's Al Maktoum International Airport and in close proximity to Jebel Ali Port and Free Zone, with easy accessibility to major highways such as Sheikh Zayed Road, Emirates Road and the Dubai Ring Road, the 560 million square feet Dubai Industrial City is a dedicated industrial destination comprising six industrial clusters featuring food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.

Complementary facilities for logistics, warehousing, labour cities, industrial training, in addition to commercial, residential and entertainment zones, position Dubai Industrial City as a comprehensive one stop-shop industrial and commercial destination. DI provides tenants with a critical competitive advantage in human resources, logistics and business operations.

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About Dubai Industrial City:
Dubai Industrial City is the third largest non-real estate project in Dubai and is spread across 560 million square feet of land.

The project is the first dedicated industrial destination in Dubai and comprises six industrial clusters featuring food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.

It is located adjacent to the Al Maktoum International Airport (Dubai World Central) and in close proximity to Jebel Ali Port and Free Zone, with easy accessibility to major highways such as Sheikh Zayed Road, Emirates Road and the Dubai Ring Road.  

The city is designed on a live, work and play model and offers a multitude of different complimentary facilities and services under its roof, for logistics, warehousing, labour cities, industrial training, in addition to commercial, residential and entertainment zones for schools, residence, shopping centres, recreation and entertainment facilities, as well as furnished apartments and hotels that position Dubai Industrial City as a comprehensive one stop-shop destination.

Dubai Industrial City provides tenants with a critical competitive advantage in human resources, logistics and business operations. The city is expected to accommodate around 500,000 people when it is completed by 2015.

About Tatweer:
Launched in December 2005 Tatweer is one the region's most promising enterprises and a Member of Dubai Holding. It owns ten market-leading companies and managing an ambitious business development plan.

Its current portfolio is divided into Energy & Healthcare, Leisure & Entertainment, and Industry & Real Estate. Its entities are Dubai Healthcare City, the region's hub for world-class quality healthcare services; Mizin, one of the most advanced real estate companies in the region; Universal City Dubailand, the 22 million sq ft development with more than AED 8 billion investments, featuring Universal Studios as its centerpiece;  "The Tiger Woods - Dubai" an exclusive golf community that will include a Tiger Woods designed Golf Course; Dubailand, one of the biggest leisure, entertainment and tourism destinations in the Middle East region; Dubai Industrial City, an industrial township to develop Dubai as a leading manufacturing hub; Bawadi, the world's leading hospitality and entertainment project bringing 31 hotels and more than 29,000 hotel rooms; Dubai Energy, investing in regional and global energy opportunities and building a diversified investment portfolio; Dubai Mercantile Exchange, the first commodity futures exchange in the Middle East; Global Village, which brings together 160 different countries showcasing myriad cultures.

A Member of Dubai Holding, Tatweer and its entities will continue to consolidate a group of life-improving industries. In addition, it has pioneered the market with joint venture initiatives with leading companies such as the New York Mercantile Exchange.

Tatweer will continuously strive for world-class performance implementing leadership development to drive and sustain business excellence, quality and high performance.

For additional Information:
For further information
Agency:                                                          
Linda Abdulhay                                                 
Account Manager                                  
Jiwin the Public Relations Arm                             
Of Dubai Press Club                                          
Phone: +971 4 3613593                                  
Email: linda.abdulhay@Jiwin.ae

Dubai Industrial City:
Nagy Sedra
Assistant Marketing Manager - PR
Dubai Industrial City
Tel: +971 4 3643400
E-mail: nagy.sedra@dubaiindustrialcity.ae

© Press Release 2008