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Damac Properties sponsors KADACH Racing Team in Porsche Mobil 1

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Damac Properties sponsors KADACH Racing Team in Porsche Mobil 1 Powered By Docstoc
					June 2008 PRESS RELEASE DAMAC PROPERTIES SPONSORS KADACH RACING TEAM IN PORSCHE MOBIL 1 SUPERCUP The Porsche Mobil 1 Supercup comes to Silverstone this weekend for the seventh round of the series, in support of the Formula One Grand Prix. DAMAC Properties - the luxury lifestyle provider and Middle East's leading private sector master developer - is sponsoring the current leaders of the series - the German KADACH Racing Team. DAMAC Properties CEO, Peter Riddoch, comments: "DAMAC Properties is renowned for its luxury brand and our association with one of the world's leading luxury car manufacturers - Porsche - reflects the aspirational personality of our product. We are extremely pleased to be sponsoring the KADACH Racing Team who have achieved a top five position in the past decade.” DAMAC Properties currently has 8 offices across the UK and Ireland, and up to 45% of their customers are from these countries. Peter Riddoch continues: “As DAMAC Properties continues to expand internationaly, our involvement with the Porsche Mobil 1 Supercup is a unique way of communicating with our target audiences across Europe. Our association with the series is a reflection of the esteemed and exciting lifestyle that our customers are used to.” The Porsche Mobil 1 Supercup is acknowledged to be the most competitive and at the same time the fairest challenge with powerful, identical Porsche 997 GT3 cars. Passion, entertainment and pure drama are guaranteed during the Formula 1 Porsche Mobil 1 Supercup weekends. Commenting on the sponsorship, Gottfried Kadach, CEO of KADACH Racing Team, said: "We are proud to announce our participation in the Porsche Mobil 1 Supercup championship with our partner DAMAC Properties from Dubai. We are extremely delighted by this association and we look forward to having a long continued relationship with the leading property developer. The KADACH team shares an inseparable relationship with Porsche for 20 years now and I am confident that the DAMAC KADACH Racing Team will emerge as winners this time as well."

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In 2002, the KADACH Racing Team won the Team and Driver's Championships in the Royal Class of the One Make Cups and confirmed their success again in 2003 by winning the Driver's Standings and becoming Vice-Team Champion. DAMAC Properties won two prestigious awards at the recent CNBC Arabian Property Awards 2007 - for the top property, developer received the 'Best High Rise Development' award for 'La Residence at the Lotus' and the 'Best Website' award for the company's revamped website - www.damacproperties.com -endsFor more press information about DAMAC Properties please contact Robert Haslam on 020 7886 0303 or email rhaslam@ttagroup.co.uk

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