DUBAI, 28 November 2006 — Abdul Rehman Al-Aowais, minister of culture, youth, and community development inaugurated the 4th edition of Sportex Middle East 06. The inauguration was also attended by Sheikha Madiya bint Hasher Al-Maktoum. The exclusive trade exhibition in the sports, health and fitness, and leisure industries brings together reputed international exhibitors from 15 countries. Showcasing hundreds of products and services across various sports and allied categories the event will run till the 29th of November at World Trade Center.
Cayan to Launch Business Center
DUBAI, 28 November 2006 — Cayan, one of the leading property developers in the region with the Iconic Infinity Tower as one of its premium development projects, announced plans to launch in Dubai to build Cayan Business Center, a 12-story commercial tower at the heart of Dubai’s Technology, E-Commerce, and Media Free Zone (TECOM). Located on Sheikh Zayed Road, just opposite Dubai Media City, Cayan Business Center offers prospective tenants and owners the perks and privileges of operating with a free zone, including freehold status, which grants 100 percent ownership to buyers.
Dana Property to Invest AED2.1bn
DUBAI, 28 November 2006 — Dana Property Development will invest AED2.1 billion to build a residential complex in the International Media Production Zone (iMPZ). An agreement to this effect was signed by Hamad Huraiz, director of the International Media Production Zone (iMPZ) and Eng. Faisal Ali Moosa Al-Naqbi, CEO of Dana Property Development. Dana Property Development plans to build 11 residential towers in iMPZ. According to the Dana Group, construction work, due to start the first quarter of 2007, will be completed by mid 2009. iMPZ has previously signed agreements with real estate groups, Damac, Fortune Group and ETA Ascon, for the establishment of residential facilities.