World Economic Forum Nominates Sheikh Maktoum Hasher Maktoum Al Maktoum as Young Global Leader for 2007

Business Wire, March 18, 2007

DUBAI -- Al Fajer Group, the Dubai based conglomerate with diversified business ventures which includes a leading construction company, property management services, international fairs & exhibitions, manufacturing, travel & tourism, general trading & investment & development, today announces that its CEO, His Highness Sheikh Maktoum Hasher Maktoum Al Maktoum, has been selected as a Young Global Leader 2007 by the World Economic Forum (www.weforum.org), a Geneva-based independent international organization of world leaders from the public, private and non-governmental sectors.

The prestigious annual event recognized 250 distinguished individuals under the age of forty-one for their record of accomplishments, their commitment to society and their potential to contribute to shaping the future of the world. The candidates were evaluated by a selection committee of 34 eminent international media leaders led by Her Majesty Queen Rania of the Hashemite Kingdom of Jordan.

The Forum of Young Global Leaders is a unique, multi-stakeholder community of the world's most extraordinary young leaders who engage in the 2030 Initiative, a project to understand current and future trends, risks and opportunities both at global and regional levels, formulate a positive vision for the world in 2030 and provide and implement strategies to translate this vision into action.

Dr. Shahram Abdullah Zadeh, CEO of Al Fajer Properties, a member of Al Fajer Group, comments:

"For those of us that have experienced boardroom meetings with His Highness Sheikh Maktoum it is no surprise that His Highness has been nominated by the World Economic Forum as a Young Global Leader. Sheikh Maktoum is well known internationally for his inspiring strategic vision. I am sure his humble approach will win many hearts at the forum."

In 2003, Sheikh Maktoum founded the A1GP, the World Cup of Motorsport, a global success which has now entered into its second season. Sheikh Maktoum sold the brand and his stake in A1GP in order to focus on other international business opportunities through Dubai International Holding Company, the investment company which he is the Executive Chairman. The World Economic Forum has recognized him for his constructive work within governmental and business communities across continents and for his potential to contribute to crucial international issues.

Sheikh Maktoum will be participating in the Annual Summit of The Forum of Young Global Leaders in Dalian, China from 4 to 6 September 2007.

"Having been successful in business based on models of global cooperation, I believe that the betterment of international relations is key to solving global problems," said Sheikh Maktoum. "I am honored to be nominated and I am energized by the opportunity presented to me by the World Economic Forum to further international communications and to join leaders of the future in a vision of a great global society."