Dubai - UAE March 25, 2008: Strengthening its commitment to the development of the Emirate of Ajman, Dubai Investments PJSC (DI), is participating in the Ajman Urban Planning Conference (AUPC) 2008 which kicked off yesterday, under the patronage of H.H. Sheikh Humaid Bin Rashid Al Nuaimi, Member of the Supreme Council and the Ruler of Ajman. The conference will continue until March 26th.

Dubai Investments' stand at the exhibition is currently showcasing its latest projects with particular focus on its upcoming AED 14 billion worth mixed-use flagship project in Ajman. Prestigious projects undertaken by Dubai Investments Real Estate (DIRC) and Al Taif Investments will also be highlighted at the exhibition.

"In line with the vision of the government of the UAE, DI has, since its inception in 1995, continuously endeavored to support industries in the region while growing its investment portfolio. Comprising 46 companies in diversified sectors, DI's presence today spans practically the entire business, industrial and real estate spectrum", said Khalid Kalban, Managing Director and Chief Executive Officer, DI.

"With certain natural advantages to its benefit such as a strategic geographical location, availability of essential raw materials, lower costs and excellent infrastructural facilities, Ajman has proved to be an ideal location for investment. Ajman's annual investment growth rate stands at an average of 6.7 percent. Statistics recently released by the Ajman Chamber of Commerce and Industry have revealed that the emirate has attracted the highest foreign investments into the country. DI has important plans in place to be an integral part of the success story of Ajman", Kalban added.

Designed to serve as a self-sustaining mutli-purpose project, DI's Ajman project will comprise of commercial, residential and recreational areas linked by a well-planned transportation network that will facilitate easy travel within the project.

The development will house a shopping mall, 4 and 5 star hotels, hotel apartments and a specialized hospital. Designed on the lines of a green project, the development will have a lake at its center and lots of green spaces within, providing residents the opportunity to reside in a clean environment with excellent facilities for sports and recreation. Scheduled to be completed by 2015 or 2016, the project will be situated on the centrally located Emirates Road, in between the Emirates of Ajman and Sharjah.

"The inaugural Ajman Urban Planning Conference held last year was an enormous success and we are very confident that this event will once again provide a chance for leading national and international planning scholars to present and debate current issues in planning, in a multidisciplinary and supportive environment. We are proud to be a part of this event", Kalban concluded.

-Ends-

For information please contact:
Sue-Ellen Lazrado
Headline Public Relations
Tel: 9714 - 2289655 Ext 120
Fax: 9714 - 2282125
Email: sue@headlinepr.com

© Press Release 2008