Arabic Press Release

Dubai, 11 November, 2007

DUBAI AEROSPACE ENTERPRISE AND DUBAI AIRPORTS SIGN STRATEGIC AGREEMENT

Dubai Aerospace Enterprise (DAE), the global aerospace, manufacturing and services corporation and Dubai Airports, the company entrusted with managing Dubai International airport and Al Maktoum International at Dubai World Central, today signed a memorandum of understanding (MoU) to forge a strategic partnership. Together Dubai Airports and DAE are to evaluate the benefits of forming strategic long term collaboration where their combined expertise in international airport development and operations, emerging markets and airport system integration can be harnessed.

DAE CEO, Bob Johnson, said: “Under this agreement DAE will play a key role in the nation’s airport development. We will look to yield best results for Dubai Airports and will develop a blueprint and mastercase for future national and international projects.”

“DAE is an emerging force in the global aerospace industry. This relationship will provide us with the necessary credentials and resources to pursue international airport development in the Middle East, China, the Indian Subcontinent and North Africa.”

Under today’s agreement, DAE and Dubai Airports will form a joint steering committee to oversee a number of projects where the companies can explore opportunities for long term strategic collaboration.

Paul Griffiths, CEO, Dubai Airports said, “Dubai Airports and DAE represent two very important segments of Dubai’s aviation and aerospace sectors. As such, this strategic long-term partnership translates into huge benefits for Dubai’s economy and its aviation and aerospace sectors in general, and the two organisations in particular.”

“Dubai Airports operates the Middle East and North Africa’s busiest aviation hub in the form of Dubai International, an airport that has grown at an annual average of over 15 per cent for the past five years. Today Dubai International is served by 119 airlines and connects passengers to over 203 destinations across six continents. This agreement will further bolster our position and our vision to be the world’s aviation hub when Al Maktoum International at Dubai World Central starts operations.” Griffiths added.