Majid Al-Futtaim gets exclusive naming rights

Khaled Al-Ajmi, country head of Majid Al-Futtaim — properties, accepted the award presented by Prince Faisal bin Bandar bin Abdulaziz.
Updated 21 November 2018

Majid Al-Futtaim gets exclusive naming rights

Majid Al-Futtaim, a shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has been awarded exclusive naming rights of the Riyadh Metro Station located close to its upcoming mall, City Centre Ishbiliyah. The station will be called City Centre Ishbiliyah Metro Station.

Khaled Al-Ajmi, the country head of Majid Al-Futtaim — properties, accepted the award, which was presented by Prince Faisal bin Bandar bin Abdulaziz, high commissioner for the development of Riyadh and chairman of the committee responsible for the Riyadh Public Transport Network, at an awards ceremony held at the Cultural Palace, Riyadh, on Nov. 14. 

“We are proud to have been awarded the naming rights to the City Centre Ishbiliyah Metro Station in partnership with the Riyadh Development Authority and Riyadh Metro and fully support their objective of creating world-class sustainable and innovative urban developments. City Centre Ishbiliyah is planned to be a LEED Gold-certified shopping mall for excellence in energy and design, which is a testament to the importance we place on sustainability in all the group’s projects,” Al-Ajmi said. 

“We would like to extend our group’s gratitude to Prince Faisal bin Bandar bin Abdulaziz for his vision and leadership in building world-class transportation infrastructure designed to improve the lives of Riyadh’s residents. This project further reflects the partnership and collaborative efforts of the UAE and the Kingdom of Saudi Arabia,” he added.


Dubai to host Mideast’s first dinosaur auction

Updated 18 August 2019

Dubai to host Mideast’s first dinosaur auction

A massive 155-million-year-old dinosaur skeleton will be up for grabs for lovers of rare collectibles as Emirates Auction announced it will organize the Middle East’s first auction to sell the giant dinosaur skeleton. 

The online auction will be conducted by Emirates Auction, which specializes in organizing and managing public and electronic auctions, at a starting value of 14.6 million dirhams (SR14.9 million, $4 million) and will end on Aug. 25. 

The 24.4-meter-long by 7-meter-high skeleton, which dates back to the Jurassic period, is the first of its kind in the world to be installed at the Dubai Mall. 

Back then the 25-year-old dinosaur weighed up to five elephants and was one of the long-necked herbivorous dinosaurs and has a tail tapering to a long, thin whip-like end to defend itself against predators.

The dinosaur belongs to the Diplodocus longus variety, deriving it from the Greek words “diplos,” meaning “double,” and “dokos” meaning “beam.” 

Nearly 90 percent of the fossil’s bones are original, making it a stunning discovery in the history of palaeontology. The remains of the adult dinosaur were discovered in a sleeping position in 2008 at the Dana Quarry in the US state of Wyoming.

The auction will be an ideal opportunity for those looking for excellence to supplement their collections with a historic masterpiece rarely found around the world.

The specimen was previously displayed at the Houston Museum of Natural Science in the US state of Texas. It was sourced through Khalid Seddiq, founder of Etihad Modern Art Gallery in Abu Dhabi, and was put on permanent display at The Dubai Mall in 2014.

Emirates Auction is a UAE-based auction company in the Middle East. Founded in 2004, the company specializes in automobiles, vehicle license plates, real estate and properties, asset liquidation, VIP mobile numbers, jewelry, time-sensitive items, and heavy machinery, plant and construction equipments. 

Emirates Auction has achieved a number of milestones in a short span of time since its establishment, breaking 10 Guinness World Records along the way.

With increasing annual sales and registered bidders across the UAE, GCC and North Africa states, Russia and other countries across the world, the auctioneer conducts over 200 online and physical auctions per year. The company is credited with significantly contributing to the development of auction concepts in the Arab world.