Arabtec Yasmeen Hotel Syria

[Cash King]

Dear Friends,

Press Release 07 February 2010:

Arabtec to Build Yasmeen Rotana 5-Star Hotel in Syria Dubai - Arabtec (ARTC) has been awarded the contract to execute the construction work of the Yasmeen Rotana Hotel, owned by Al Fajr S. A. of Syria. Yasmeen Rotana is a 5-star hotel valued at over 120 Million US Dollars with a construction value of approximately 67 Million US Dollars. This 5-star hotel is the first of many projects to be developed by Bena Properties Bena Development, a member of Cham Holding and the parent company of Al Fajr S. A. of Syria. The 5-star Yasmeen Rotana is conveniently located in Mazzeh on the Damascus - Beirut highway, 15 minutes from the heart of Damascus and only 35 minutes from Damascus International Airport. The hotel will feature 338 rooms including three executive floors and three restaurants offering some of the world's most popular cuisine, as well as an executive lounge, a 600-seat banquet hall, six meeting rooms, a spa, a fitness centre with swimming pool, a sky bar and a cigar lounge. With its contemporary design and distinctive Damascene tones, the Yasmeen Rotana promises to be one of the best hospitality venues in Syria. This property will be managed by RotanaRotana, a leading hotel management company in the Middle East and North Africa. Arabtec, and its subsidiaries, have built many of the famous building landmarks in hotels and hotel interior industry such as Dubai's Burj Khalifa, the Address Downtown Burj Dubai Hotel, the Aloft Hotel, Burj Al Arab & Jumeirah Beach Hotel Interiors, Emirates Palace Hotel, Fairmont Hotel, Abu Dhabi Sheraton Hotel, Dubai Ritz Carlton Hotel, and Al Bustan Hotel in the UAE. Yasmeen Rotana hotel project will be executed by a group of International Companies; The Project Manager is Mace International, and the main Consultant is Woods Bagot, who has been leading and collaborating with very reputable sub-Consultants such as BG & E and Red Engineering. The Interior Designer is LW Design, and the Local Supervision has been subcontracted by Woods Bagot to Halcrow Syria. Mr. Riad Kamal, CEO of Arabtec Holding stated, "We are very excited about our new project in Syria. Our first project, the 8th Gate for Emaar-Syria Invest Group Overseas (IGO) is almost complete, and we are targeting this market aggressively." Mr. Hawazen Esber, CEO of Bena Properties Bena Development, stated "Our partnership with Arabtec is based on their impressive track record in construction in general, and hotels in particular".