Tatweer Invests AED3.68 Billion in New Wellness Resort at DHCC

DHCC total investment AED27.5 Billion to Date

Dubai: 17 August, 2008 - Tatweer, a member of Dubai Holding, today announced it will establish an AED3.68 billion Dubai Wellness Resort in Phase-II of Dubai Healthcare City (DHCC), a member of Tatweer.

Tatweer's new initiative adds its investments in DHCC to a total of AED12.5 billion, underpinning its profound support of delivering quality healthcare services, while driving the growth of life-improving industries across the region. DHCC has so far attracted AED15 billion of additional investments from its partners, bringing the overall investments in DHCC to AED27.5 billion.

Situated alongside the Dubai Creek, within DHCC's Wellness Cluster, the resort will serve as a premier location for preventative and integrative medicine, and for promoting health-enhancing lifestyles in the region.

The Dubai Wellness Resort will include a rejuvenation centre for cosmetic services; healing and health-centre for integrated medical services; active-lifestyle centre as sports medicine facility, and healthy-living residences for eco-friendly living. It will also encompass a healthy-lifestyle retail district in the town centre and 7-star luxury hotels.

Saeed Al-Muntafiq, Executive Chairman of Tatweer, said: "The new wellness facility underpins our relentless endeavour to promote Dubai as the hub for healthcare excellence. Its integrative medicine approach will solidify DHCC's position as the leading destination for comprehensive health services through its fusion of allopathic, complementary, and alternative medicine using an evidence-based approach."

The resort will bring together under one roof advanced curative approaches in integrative medicine from the West, East and the Arab world. Set amidst a sustainable, carbon-neutral environment, it will distinguish itself through the application of innovative techniques in preventative medicine, provision of timely and holistic patient management programs, and ongoing follow-up treatment.

Al-Muntafiq added: "Regarded as the world's most integrated healthcare free zone, patients seeking DHCC's world-class treatment and medical procedures will now have the privileged option of selecting from a range of curative therapies. The Dubai Wellness Resort will offer a continuum of care, facilitating patients' referral to and from key components within DHCC, such as the Mohammed Bin Rashid Al Maktoum Academic Medical Center and other medical establishments."

As an integral element of DHCC, which priorities the provision of quality healthcare, the Dubai Wellness Resort will provide an additional incentive for boosting wellness tourism in the region.

Through the integration of Phase-I that will be the center for cutting edge diagnosis and conventional treatment modalities, and Phase-II that focuses on wellness therapies, DHCC aims to offer holistic healthcare through disease prevention and management, health psychology, and other life-enhancing services.

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About DHCC:
Dubai Healthcare City (DHCC) was conceived with the objective of creating a regional center of excellence for medical services, medical education, and life science research and development in the Middle East. It is the world's first healthcare free zone and was created using a phased approach. The first phase, which is 4.1 million square feet in size, features a medical cluster comprised of day clinics, diagnostic centers, rehabilitation centers, transplantation centers, hospitals, clinics and a sector for pharmaceutical and equipment suppliers.

DHCC is home to the Mohammed Bin Rashid Al Maktoum Academic Medical Center with the integration of its entities. Some of the medical cluster's other renowned partners are Mayo Clinic, AstraZeneca, Harvard Medical International, Dr. Sulaiman Al Habib Medical Center, the American Academy of Cosmetic Surgery, Fresenius Medical Care, Novo Nordisk, Novartis, BU Dental, Moorfields Eye Hospital, The City Hospital, Great Ormond Street Hospital for Children NHS Trust, Wyeth, Smith & Nephew, Sanofi Aventis, Swiss Academy of Scientific Acupuncture, Yateem Group, Dragger Medical, Alvi Armani, dr. Nicolas & ASP and the German Heart Center. The second phase will feature a dedicated wellness cluster comprised of wellness centers, nutrition centers, resorts and spas, and sports medicine facilities.

About Tatweer:
Launched in December 2005, Tatweer is one the region's most dynamic enterprises and a member of Dubai Holding. Comprising 10 market-leading brands, it oversees an ambitious business development plan. Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, and Industry & Real Estate offerings. Its entities include 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, featuring Universal Studios Dubailand as its centerpiece; "The Tiger Woods - Dubai", an exclusive golf community that will include the first Tiger Woods designed golf course; Dubailand, one of the biggest leisure, entertainment and tourism destinations in the Middle East; Dubai Industrial City, an industrial township to develop Dubai as a leading manufacturing hub; Bawadi, the world's leading hospitality and entertainment project hosting 51 luxury hotels and more than 60,000 hotel rooms; Dubai Energy, investing in regional and global energy opportunities and building a diversified investment portfolio; Dubai Mercantile Exchange, the first energy futures exchange in the Middle East set up in partnership with the New York Mercantile Exchange and Global Village, a premier family destination for culture, entertainment, cuisine and commerce.

Tatweer's entities continue to consolidate a group of life-improving industries in addition to pioneering joint venture initiatives with leading global conglomerates. They continuously strive for world-class performance, while implementing leadership development to drive and sustain business excellence, quality and high performance.

Agency:
Dr Sabah Al-Lawati
Senior Account Manager
Jiwin Public Relations
A member of Media Services Group
Phone: +971-4-3755880
Email: Sabah.AlLawati@jiwin.ae

Ghaith Nazzal
Senior Account Executive
Jiwin Public Relations
A member of Media Services Group
Phone: +971-4-3692926
Email: Ghaith.Nazzal@Jiwin.ae