Abyaar to Sponsor World Class Arabian Equine Event

Published March 22nd, 2007 - 08:22 GMT

Abyaar Real Estate, the luxury Kuwaiti developer with a USD1.4 billion investment portfolio in Dubai, has announced its key sponsorship of the 4th Dubai International Arabian Horse Championship (DIAHC) - one of the most prestigious equestrian events in the world - to be staged in Dubai from the 2nd to the 4th of April.

Held under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, and UAE Minister of Finance & Industry, DIAHC is the most renowned competition of its kind in the world, allowing Purebred Arabian horses to showcase their beauty, agility and heritage.

“Abyaar, has a long term commitment to the region in which we operate and in supporting the DIAHC we are fostering the spirit of sportsmanship and supporting an integral part of the UAE’s heritage,” said Marzooq Al-Rashdan, Managing Director, Abyaar Real Estate.

“The sponsorship also fits with Abyaar’s developing corporate social responsibility programme, through which we strive to have a positive impact on the communities we serve. Across the realms of sport, education, environmental protection and preservation of the heritage of the region, Abyaar is committed to working to support regional and international events that share our values and our ethos of building excellence,” he said.

Working in partnership with world class architects, designers and specialist consultants, the company’s vision is to develop stylish and contemporary destinations that enhance lifestyles.

Abyaar has already invested over USD 700 million in the luxury serviced Dubai Marina apartment towers, Pier 24 and Pier 8, and the exclusive freehold development,  Acacia Avenues, in the heart of Jumeirah, which will deliver a distinctive and luxurious lifestyle with contemporary, yet feature-filled, sky villas, villas and apartments, gardens and extensive leisure and retail facilities.

“These are our first projects in Dubai which will bring the very highest hospitality standards to the Middle East real estate sector, and moving forward Abyaar’s portfolio will develop to become an impressive collection of exclusive, finely designed, freehold initiatives which will eventually be rolled out across the GCC and Europe”, said Al-Rashdan.

DIAHC will be held at the Dubai International Convention and Exhibition Centre.

About Abyaar Real Estate Development

Abyaar Real Estate Development is a highly distinct property company – committed to raising the benchmark of Middle East real estate and delivering solid investor insurance. Founded with a capital value of KD 35 million (US $115 million) - Abyaar is a joint venture between Kuwait’s Aayan Leasing and Investment Company, a leading investment player and Al Rashdan Group, a major real estate developer, and other investors.

Abyaar’s portfolio will be an impressive collection of exclusive, freehold initiatives, firstly in Dubai and then throughout the GCC.  Investing in real estate in compliance with the rules and provisions of Islamic Shariah, Abyaar will build residential, commercial, retail and hospitality projects finished to the highest European standards, with innovative architecture and aspirational interiors.

‘Building Excellence’ is the company’s guiding principle.  Taking inspiration from the literal Arabic meaning of ‘Abyaar’–‘the source’, the company’s vision is to develop stylish and contemporary destinations that enhance lifestyles. Abyaar is a new breed of developer committed to creating business growth and prosperity.

 

 


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