The developer of the Dubai Pearl mixed-use project is in talks with the Formula One racing group McLaren to brand a hotel and homes on the site. Abdul Majeed Ismail al Fahim, the chairman of Pearl Dubai, which is developing the Dh15 billion (US$4.08bn) project, said the initial terms of the deal had been agreed, although a contract had not been signed. The alliance would be announced when “the time is right”, he added. The proposed venture would follow a similar deal struck earlier this year with MGM Mirage, the Las Vegas leisure operator.

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