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

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."