Company's technical expertise set to boost profile of iconic project

Dubai, September 21, 2006: Dubai Maritime City - the world's largest and the most comprehensive maritime complex in the world - has announced that ship management firm Aries Ship Management Company will set up its regional base at the iconic development.

Aries Ship Management Company provides a vast array of ship management and crew management services, including ashore marine fields. Aries will provide a major boost to the one-of-its-kind Dubai Maritime City development.

In his comments Mr. Hatem Khalil Al Sayegh, Sales Assistant Manager, at Dubai Maritime City, said: "It is matter of great privilege to have Aries Ship Management Company as part of the Dubai Maritime City family. The company's presence in this unique development is a testament of the strategic importance of the project. Aries' professional and expert ship management services, especially in operations, will provide a major impetus to the wide gamut of services on offer at Dubai Maritime City."

He added: "Backed by Aries Ship Management Company's well-trained seafarers and expertise in maintenance of quality vessels, we are confident that the Dubai Maritime City will soon be a major hub for the global maritime industry, offering one-stop-shop services and catering to all industry requirements."

In his comments Captain Yousefi, Director, at Aries Ship Management Company, said: "We are delighted to announce our regional base in Dubai Maritime City, one of the most comprehensive maritime complexes in the world. We bring to Dubai Maritime City our experienced seafarers with a vast managerial experience, our technical know-how in marine fields ashore as well as our expert and professional approach to operating ships."

He added: "The shipping business is growing very fast and the industry needs professional services to augment the growth. We are proud to say that Aries Ship Management Company's dynamic business model, focused on creating a value-added identity, will help providing pure and complete ship management services at the dynamic Dubai Maritime City. With a blend of efficiency, trust and transparency, we are confident of meeting all the requirements of the vessel owners, and maintain a fleet of quality vessels to the highest technical standards possible."

Aries has recently taken charge of a Multi-Purpose Vessel and by end-2006, the company plans to have atleast three vessels providing full ship management services to the owners.

When completed, Dubai Maritime City will be the world's biggest and the most comprehensive maritime complex spread across 227 hectares of man-made peninsula between Port Rashid and Dubai Dry Docks, and will be surrounded by the waters of the Arabian Gulf.

-Ends-

About Dubai Maritime City
Dubai Maritime City will be a man-made peninsula spread across 227 hectares and will be fully-equipped, iconic and multidimensional maritime centre providing a world-class infrastructure and environment for the global maritime industry and related sectors.

For further information, please contact:
Marketing and Public Relations Management
Dubai Maritime City,
PO Box 17000,
Dubai,
UAE
E-mail: info@dubaimaritimecity.ae

Adeti Changulani
PanGulf Public Relations,
Tel: +971-4-295 3456 Ext: 320 ;
Fax: +9714-295 1027
Mobile : +971-50-4295576
E-mail: adeti@batespangulf.com

© Press Release 2006