|Saraya Sochi on Black Sea|
Sistema-Hals one of the largest diversified real estate companies in Russia and the CIS (Commonwealth of Independent States), has announced its strategic partnership with Saraya, a real estate development and asset management company that invests in the travel and tourism industry, to develop Saraya Sochi on the Black Sea in Sochi, Russia.
Saraya, through a wholly owned subsidiary has acquired 50 percent of the current mixed-use resort project on the site of the former Kamelia Hotel in Sochi. The existing development stretches over 6.3 hectares located uniquely in the central Sochi area.
“Saraya is proud to announce its partnership with Sistema-Hals to develop Saraya Sochi as we consider Russia as a promising travel and tourism destination,” said Vice Chairman and CEO of Saraya Holdings Mr Ali Kolaghassi.
“This project will enable us to combine our real estate development experience with Saraya’s financial resources and the know-how in resort construction and management industry to build a world-class resort in Sochi,” said Sistema-Hals President Mr Felix Evtushenkov.
Ben Jelloun celebrated as Rolex mentor
Internationally acclaimed Moroccan author Taher Ben Jelloun was one of six international artists celebrated recently for their roles in mentoring promising young talents from around the world as part of the 2006-2007 Rolex Mentor and Protégé Arts Initiative.
The Rolex Arts Initiative pairs established masters with young, undiscovered artists for a year of collaboration in the fields of dance, film, literature, music, theatre and visual arts.
Ben Jelloun, 62, spent the past year mentoring novelist Edem Awumey, 32, from Togo as part of the program. A winner of the Prix Goncourt and the International IMPAC Dublin Literary Award, Ben Jelloun draws upon his experiences in his native Morocco and as an immigrant in France to create powerful and controversial novels, poems, plays, essays and articles.
Rolex CEO Patrick Heiniger said, “Our philanthropic activities reflect the values of our company which, for 100 years, has been dedicated to excellence. The benefits of this initiative will ripple out into protégés’ work and into the artistic community at large with the passage of time.”
McDonald’s highlights child road safety
Under the auspices of the Jordanian Society for the Prevention of Road Accidents (JSPRA), McDonald’s Jordan kicks off 2008 with its Traffic Safety Campaign “Watch Out!”
The campaign, which will run for eight weeks in selected McDonald’s restaurants across the kingdom, aims at elevating children’s awareness of traffic safety rules regulations in Jordan.
Vice Chairman of McDonald’s Jordan, Farah Armoush, said, “As road accidents are showing increasing figures every year, it is a must to shed light on the risks and contribute to educating the youth on how to avoid them.”
Organized in collaboration with New Boy, Toy Triangle and al-Sahafy al-Saghir magazine, the campaign hopes to reach school children who are at greater risks of traffic accidents.
“Road accidents have become a great problem in Jordan especially among our youth,” said Chairman of JSPRA, Mr Muhammad Dabbas, adding, “Statistics show that 50 percent of pedestrian fatalities occur among youth. That is why we launched this campaign aiming at raising awareness and building the capacity of young children to avoid potential dangers on the road. After all, they will soon grow-up to sit behind the wheels themselves.”
LGE to lead global TV market
LG Electronics (LGE), a major player in the global flat panel display market, announced that in 2008 it will introduce new televisions that are differentiated by their technological superiority and unique customer-driven designs.
During a media conference held at the 2008 Consumer Electronics Show in Las Vegas, Simon Kang, CEO LG’s Digital Display Company, said that LG plans to become one of the top three global TV makers in 2008. This success, he said, will be based on new LCD and plasma TVs with innovative designs and upgraded features as well as more aggressive marketing.
“I am proud to introduce our new flagship flat panel TVs, the LG60 LCD TV and PG60 plasma TV,” said General Manager of LGE Amman Branch, Mr Kevin Cha, “These models are based around insight from our customers.”
Assistant GM for Marketing, Mr Ghazi Farouq, said, “We are proud of the new developments seen by LGE. Jordanian consumers are gearing towards replacing their current CRT TV sets with the new sleek flat panel models. And we are confident that LGE’s latest flat panel display product lines will serve to meet and exceed the current demand of superb viewing pleasure.”
Bonhams holds first Mideast auction
Bonhams, the international fine art auction house established in the UK since 1793, will hold its first Middle East auction sale in Dubai this March featuring some works from some of the biggest names in modern and contemporary Arab, Iranian, Indian and Pakistani art including India’s Francis Newton Souza, Syria’s Louay Kayyali and Iran’s Nasser Ovissi. Fine jewellery and watches will also be included in the sale.
“We have a well-established reputation in sales of Indian and Pakistani art in London, where we recently achieved a world-record of £602,400 for the auction of an historic Raj painting by Raja Ravi Varma,” said Claire Penhallurick, Bonhams’ Director of Islamic and Indian Art.
“We are expecting an encouraging and positive response from our first auction in the region. It is early days for the local art scene and difficult to predict the potential of the market, however the opportunity for development is vast.”