London -- Emaar Properties Chairman HE Mohamed Ali 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.

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.

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In being named a Personality of the Year for 2006, Mr Alabbar joins the ranks of such previous honourees 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).

Foreign Direct Investment Magazine

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.

Financial Times Business

fDi magazine is published by Financial Times Business, the specialist publishing arm of the FT Group. Financial Times Business publishes over 15 institutional and retail finance titles, including fDi Magazine, The Banker, Investors Chronicle, Money Management, Financial Adviser, FT Mandate, Pensions Management and Pensions Week to name a few.

www.ftbusiness.com

For more information:

Courtney Fingar

Editor, fDi

Tel: +44 20 7382 8019

Email: Courtney.Fingar@FT.com

Website: www.fdimagazine.com

In Dubai:

Luke McGreevy

Manager, FT Business

Bldg 2

Dubai Media City

Tel: +971 (0) 4 391 4398 Dubai

Email: Luke.McGreevy@FT.com

Website: www.ftbusiness.com