ZECON SIGNING MOU WITH QATARI DIAR

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ZECON BERHAD Collaborates With A Qatari Company

MOU signed to develop a business relationship on providing services

70919-qd_and_zecon_signingDoha, Qatar: January 21, 2009 – ZECON BERHAD has signed a Memorandum of Understanding with QATARI DIAR Real Estate Investment Company, an international leader in sustainable real-estate development, to pursue a cooperative business relationship, under which Zecon Berhad will provide services in relation to QATARI DIAR’s construction projects.

The Memorandum of Understanding was signed by Zecon Berhad’s Group CEO/ Managing Director Datuk Hj Zainal Abidin Hj Ahmad and QATARI DIAR’s CEO, Mr. Ghanim Bin Saad Al-Saad. The signing ceremony was witnessed by the Malaysian Prime Minister, Dato’ Seri Abdullah bin Ahmad Badawi.

This unique business relationship will create a strong cooperation between Qatar and Malaysia, as Qatar will benefit from the know-how of the Malaysian expertise in civil engineering, building works, infrastructure and property development in several QATARI DIAR projects. Malaysia will have the opportunity to tap into Qatar market and to undertake several projects.

zecon-doha-pmSpeaking at the ceremony, Mr Ghanim bin Saad Al Saad, said: “QATARI DIAR is delighted to have signed this Memorandum of Understanding. We believe that this project highlights the strong relationship between our two countries and we look forward to working with Zecon Berhad on our developments. This exemplifies QATARI DIAR’s focus of creating long term sustainable partnerships.”

The CEO/Group Managing Director of Zecon Berhad, Datuk Hj Zainal Abidin Hj Ahmad, commented: “We are honored to be associated with QATARI DIAR and we trust the proposed alliance will bloom into a meaningful and permanent relationship in achieving the goals of QATARI DIAR.”

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About QATARI DIAR Real Estate Investment Company

Wholly owned by the Qatar Investment Authority, QATARI DIAR Real Estate Investment Company was established in December 2004 to support Qatar’s growing economy and to co-ordinate the country’s real estate development priorities. QATARI DIAR creates distinguished property developments with local culture and lifestyle experience to attract tourism and residents generating sustainable and tangible socio-economic benefits. QATARI DIAR’s vision is to become the most trusted and effective real estate investment company by focusing its value proposition on the creation of quality, well-planned and desirable sustained developments. QATARI DIAR also provides local and foreign property developers with further opportunities to invest in numerous projects across the globe, including but not limited to Qatar, Morocco, Egypt and Europe.

www.qataridiar.com

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