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Tue 7 Dec 2004 04:00 AM

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Dubailand announces Dubai Bazaar

Dubailand to feature massive souk.

Dubailand will build a 500 million dirhams traditional Islamic souk, or bazaar, sprawling over 2 million feet.

Leader Group will be constructing the marketplace, which is scheduled to open by the end of 2005.

Dubailand has been set up by Dubailand’s promoter Dubai Development and Investment Authority, to oversee and manage the region’s best and largest lifestyle, tourism, entertainment and leisure complex. It is expected that the vast complex will receive investments worth 20 billion dirhams in its first phase of development.

The signature ceremony took place at the Dubailand offices in Emirates Towers. Mr. Abdul Raheem Tayeb Al Awadhi, CEO of The Leader Group and Mr. Salem bin Dasmal, CEO of Dubailand, signed the contract. Also present at the event was Mr. Samir Tayeb Al Awadhi, Vice-chairman of The Leader Group.

“We are very pleased to welcome The Leader Group to Dubailand,” said CEO Salem Bin Dasmal. “We believe that The Leader Group will build one of the finest structures Dubailand. The Dubai Bazaar shall be a pleasure to visit, browse and shop in.”

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