London -- Emaar Properties Chairman Mohamed Alabbar has been named

Personality of the Year 2006 - Middle East by fDi (Foreign Direct Investment) magazine, part of the Financial Times group of London.

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The annual Personality of the Year awards recognise the political and

business leaders around the world who have been the most proactive, dynamic and innovative in securing foreign investment and improving the business environments of their jurisdictions. Regional winners are selected for Africa, Asia, Europe, Latin America, the Middle East and North America; out of these candidates a global winner is chosen.

In being named a Personality of the Year for 2006, Mr Alabbar joins the ranks of such previous honorees as Mexican President Vicente Fox, Brazilian President Luis Inácio Lula da Silva and Mayor of Seoul Lee Myung-bak.

"Through his roles at Emaar and the Dubai Department for Economic

Development, Mr Alabbar has left an indelible mark not only on Dubai but on the wider region, generating jobs, prosperity and development on a magnificent scale. These achievements make him the clear winner for fDi’s Middle East award." explained fDi editor Courtney Fingar.

The 2006 regional winners include: Patrick Ramiaramanana, Mayor of

Antananarivo, Madagascar (Africa); Dato Seri Rafidah Aziz, Minister of

International Trade and Industry, Malaysia (Asia); Peter Hain, Secretary of State for Northern Ireland and Wales, United Kingdom (Europe); Leo Starkman, Minister for Investment, Honduras (Latin America); and Dalton McGuinty, Premier of Ontario (North America and Global Winner).

About fDi:

Published bimonthly, fDi magazine is the premier publication for the business of globalisation. With a circulation of nearly 15,000 people, mainly senior-level executives at multinational corporations, fDi reports on the issues and developments that corporate executives must consider when making international investment decisions.

For more information:

Courtney Fingar

Editor, fDi

Tel: +44 20 7382 8019

Email: Courtney.Fingar@FT.com

Website: www.fdimagazine.com