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25 April 2005

Raffles International Gains Foothold In Middle East & Extends Luxury Raffles Brand Into Dubai

Two management contracts secured within a week; most recently in Beijing and now in Dubai

Raffles International Gains Foothold In Middle East & Extends Luxury Raffles Brand Into Dubai

SINGAPORE, Raffles International has signed a management contract with Dubai-based diversified business conglomerate, Wafi Group, to manage a 240-room luxury hotel in Wafi City, one of Dubai’s most exclusive shopping and dining destinations. Slated for completion in 2007, Raffles Dubai marks the Group’s expansion into the growing Middle East market and increases its global presence to 41 hotels and resorts in 21 countries in 35 destinations.

Commonly known as “Pearl of the Gulf” and “shopping capital of the Middle East”, Dubai is both a dynamic international business centre and a vibrant tourist destination. Host to an average of 85 major international exhibitions each year, Dubai’s burgeoning exhibitions industry plays a major role in attracting business and leisure tourists. The Government's vision is to increase tourist numbers to 10 million per annum by 2010. To achieve this, mega developments and tourist attractions such as Dubai Land, a US$5 billion adventure theme leisure park, and Burj Dubai, the world’s tallest building, are being built.




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Ms Jennie Chua Chairman of Raffles International Limited with Sheikh Mana bin Khalifa Al Maktoum, Chairman MKM Holdings LLC at the signing ceremony



Ms Jennie Chua, Chairman, Raffles International Limited said, “Establishing a presence in Dubai has always been one of Raffles International’s major goals. With the signing of the contract to manage Raffles Dubai, we are pleased to welcome the latest addition to our collection of luxury Raffles hotels and resorts known for exceptional standards of hospitality and service. Raffles Dubai, with its unique architectural structure, magnificent design and ideal location, is well positioned to cater to the affluent business and leisure traveller. We are honoured that Wafi Group, one of the most esteemed business conglomerates in Dubai, has entrusted us to manage their first luxury hotel.”

Sheikh Mana bin Khalifa Al Maktoum, Chairman, MKM Commercial Holdings LLC, which owns Wafi City, said, “The deal has further enhanced Wafi’s integral role in the advancement of Dubai’s world-renowned hospitality and tourism infrastructure. Raffles Dubai will add yet another luxury hospitality brand to the emirate’s growing deluxe property portfolio and contribute to the fulfillment of the government’s vision to establish Dubai as a major global tourism destination.”

Raffles Dubai will adjoin the Wafi City, an exclusive multi-use lifestyle complex comprising high-end retail shopping, themed food and beverage outlets, and leisure facilities. Within a 15-minutes’ drive from the Dubai International Airport, the hotel will be located next to the Dubai Health Care City, a US$500 million project slated for completion in 2010 to promote Dubai as a global hub for specialised healthcare, medical education and research.




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Built in the form of a stunning pyramidal structure, the 240-room Raffles Dubai promises to be a prominent landmark upon its completion in 2007. The hotel will have 188 well-appointed guest rooms and 52 luxurious suites, nine food and beverage outlets, a grand ballroom, seven meeting rooms, a RafflesAmrita Spa, a gym and a Raffles merchandise shop.



Built in the form of a stunning pyramidal structure, the 240-room Raffles Dubai promises to be a prominent landmark upon its completion in 2007. The hotel will have 188 well-appointed guest rooms and 52 luxurious suites, nine food and beverage outlets, a grand ballroom, seven meeting rooms, a RafflesAmrita Spa, a gym and a Raffles merchandise shop. One of the hotel’s unique features will be the impressive one-hectare sky garden called “Sparkling Botanical Sky-garden”. Conceptualised by Singapore Garden City Pte Ltd, a Singapore-based landscape architectural company, the garden is a botanical display of various plants depicting the four Greek elements of fire, wind, earth and water by use of colour, texture and form. The centrepiece of the garden is the “Eye of Horus” – a symbol of ancient Egyptian religion and guardian of the four elements of life – whereby different species of orchids will be exhibited.

Mr Ian Wiedersheim, Managing Director, MKM Commercial Holdings L.L.C., added, “Raffles Hotels & Resorts will greatly strengthen Wafi City’s already attractive destination offering and the linking of these two prestigious brands creates a synergy which cannot be other than highly successful.”

Mr Peter Henley, Senior Vice President of Business Development, Raffles International Limited, commented, “As Dubai’s prominence as the regional hub for commerce and tourism in the Middle East increases, there will be greater demand for accommodation to cater to the growing number of business and leisure visitors. Raffles Dubai is well poised to tap on the growth trend in this key gateway city.”

Last week, the Group had just signed an agreement in another major city to manage two of the four blocks of the Beijing Hotel under its luxury Raffles brand.

About MKM Commercial Holdings LLC \ Established in 1973, MKM Commercial Holdings LLC has several businesses in Dubai, namely property asset management, hospitality services comprising food & beverage, health & leisure, manufacturing and industrial services and freight forwarding, shipping, trucking & car rental and shipping agency. It is owned by Sheikh Mana Bin Khalifa Al Maktoum, a cousin of HH General Sheikh Mohammed bin Rashid al Maktoum, Crown Prince of Dubai and UAE Defence Minister.

About Raffles Holdings Limited & Raffles International Limited (www.rafflesholdings.com and www.rafflesinternational.com) \ Raffles Holdings Limited is a hospitality company listed on the Singapore Exchange Securities Trading Limited. It is headquartered in Singapore and has an approximate 12,000-room portfolio comprising 41 hotels and resorts in 35 destinations across Asia, Australia, Europe, Mediterranean, Middle East, North America and South America.

Raffles International Limited is the hotel management arm of Raffles Holdings Limited and is a name well respected in the industry for its standards of quality and award-winning concepts. Raffles International markets its hotels and resorts under two brands -- Raffles Hotels & Resorts and Swissôtel Hotels & Resorts.

Raffles Hotels & Resorts (www.raffles.com) is a collection of 15 luxury hotels located in major cities around the globe and distinguishes itself by the highest standards of products and services. Each hotel is a landmark in its respective city and most are positioned at the top of their local markets.

The collection of legendary hotels includes Raffles Hotel and Raffles The Plaza in Singapore, Raffles Grand Hotel d'Angkor, Siem Reap, Cambodia, Raffles Hotel Le Royal, Phnom Penh, Cambodia, Raffles L'Ermitage Beverly Hills in the US, Raffles Resort Canouan Island, The Grenadines, Raffles Hotel Vier Jahreszeiten, Hamburg, Germany and Raffles Le Montreux Palace, Montreux, Switzerland.

Swissôtel Hotels & Resorts (www.swissotel.com) is a distinctive group of 26 deluxe hotels for today's discerning modern business and leisure traveller. It combines individual, modern and functional design with local character and renowned standards of Swiss hospitality, service efficiency and product quality. Located in gateway destinations and city centres, the hotels offer convenient access to business and shopping districts and local attractions. Many of the Swissôtel hotels have won prestigious awards and accolades.

About CapitaLand Limited (www.capitaland.com) | CapitaLand is one of the largest listed property companies in Asia. Headquartered in Singapore, the multinational company's core businesses in property, hospitality, property services and real estate financial services are focused in gateway cities in Asia, Australia and Europe. The company's property and hospitality portfolio spans 88 cities in 30 countries. CapitaLand also leverages on its significant real estate asset base and market knowledge to develop fee-based products and services in Singapore and the region.

The listed subsidiaries and associates of CapitaLand include Raffles Holdings, The Ascott Group, CapitaMall Trust, CapitaCommercial Trust and Australand Property Group, which is listed both in Singapore and Australia.

CONTACT
Goh Kah Lin
manager Corporate & Marketing Communications
Phone: (65) 6430-1366
Fax: (65) 6339-1713
Email: goh.kahlin@raffles.com

ORGANIZATION
Hospitality NetRaffles Hotels & Resorts
www.raffles.com
2 Stamford Rd., #06-01, Raffles City Convention Centre
singapore, 178882
Singapore
Phone: +65-339-8377
Fax: +65-339-1713
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