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Nakheel showcases icons in Osaka

Nakheel is promoting its iconic projects on in Japan, by participating at the first
ever Dubai -Osaka Economic Partnership Forum.

The event is being held from 20 - 22, December 2005 at the Osaka International Convention Centre in Osaka, Japan.

The Forum seeks to extend the fruitful partnership that Prefecture of Osaka
has with Dubai ever since the two cities entered into a twinning cities
agreement in October 2002.

Around 25 high profile businesses representing
a variety of industry sectors such as enterprises, manufacturing, real
estate and land development companies and financial institutions from Dubai
are participating in the event organised to further develop and enhance
the flow of investment between the Japanese and Dubai businesses. 

Nakheel is promoting its portfolio of projects at the Forum, with a particular
focus on such iconic developments as The World, The Palm, and the recently
launched Dubai Waterfront - set to be the largest waterfront development
in the world. Marwan Al Qamzi, Director Contracts and Procurements, is
representing Nakheel at the forum and will speak at the Infrastructure,
Construction & Development breakout session about removing cultural barriers
from Japanese business involvements within the booming construction industry
in UAE.


Commenting on Nakheel’s participation, Sultan Ahmed bin Sulayem, Executive
Chairman, Nakheel, said, “Dubai and Japan have had long standing traditional
business partnership. The Forum is an ideal platform for Dubai to elicit
interest from high profile decision makers businesses from Osaka. Nakheel
is looking forward to showcasing our iconic projects in Osaka, such as
The World and The Palm, which is an embodiment of Dubai’s growth and success.”

In 2004 the total bilateral trade value between UAE and Japan exceeded
US$ 22.9 billion marking a 28 per cent increase over the previous year.

In the same period, Japanese exports to the UAE increased 27.14 per cent
to US$ 4.6 billion.

More than 66 per cent of Japanese imports from to the UAE, headed for Dubai in the same period.