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QATARI DIAR purchases marina in Tarragona, Spain

13 July 2011 (Doha, QATAR): QATARI DIAR Real Estate Investment Company, an international leader in sustainable development, announced today the purchase of the Port Tarraco Marina in North Eastern Spain through its subsidiary Qatari Diar Marina Tarragona (QDMT).

The high-end Port Tarraco Marina is located in Tarragona, Spain, approximately 95km south of Barcelona, and will be one of the few existing marinas of its kind in the western Mediterranean to offer deep water berthing for large, sophisticated super, mega and giga yachts.

"We are thrilled to be investing in the western Mediterranean's marina industry, one of the most mature in the world. With our international experience and the expertise of our world-class partners,MB92, we expect the Port Tarraco Marina to become one of the top year-round marina destinations for yachts in Europe and the Mediterranean," said Eng. Mohammed bin Ali Al Hedfa, Group CEO of QATARI DIAR.

Located on Spain's Costa Dorada, or "Golden Coast," the marina offers visitors a chance to explore the rich local Catalonian culture, visit the area's many beaches, or travel to nearby mountains for hiking or skiing. The marina is positioned in close proximity to a large capacity airfield and is centrally located for immediate access to all major cruising destinations in the Western Mediterranean. It is exclusively designed to provide large yachts with the best possible services and facilities, and boasts an array of leading amenities and excellent accessibility.

QDMT is a joint venture between QATARI DIAR and MB92, a Barcelona-based operator of marinas, with 95% representation by QATARI DIAR and 5% by MB92. The purchase was made from vendor International Marina Tarragona S.L., a Spanish marina operator.

Wholly owned by the Qatar Investment Authority, QATARI DIAR Real Estate Investment Company was established in December 2005 to support Qatar's growing economy and to co-ordinate the country's real estate development priorities. QATARI DIAR is currently involved in more than 35 projects in more than 20 countries around the world.


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For further information, kindly contact:
John Watts - Brown Lloyd James
+974 6687 6682
johnw@brownlloydjames.com

Rachel Walsh- Brown Lloyd James
+974 3393 1229
rachelw@brownlloydjames.com

About QATARI DIAR Real Estate Investment Company:
Wholly owned by the Qatar Investment Authority, QATARI DIAR Real Estate Investment Company was established in December 2005 to support Qatar's growing economy and to co-ordinate the country's real estate development priorities. QATARI DIAR is currently involved in more than 35 signature projects in more than 20 countries around the world.

QATARI DIAR is becoming established as one of the world's most trusted and respected real estate companies because of its commitment to quality, local community, partnership and hallmark sustainability.

QATARI DIAR's hallmark vision of sustainable development places community and local traditions at the forefront. The Company aims to create and manage property investments and developments which not only comply with the best international standards, but which also strongly reflect local culture and values. As a result, QATARI DIAR's projects deliver a distinctive and sustainable social, economic and environmental benefit to the community. In addition, QATARI DIAR often enables local and international developers and investors to partner in its projects, and to work together in exploring other opportunities, both locally and internationally.

www.qataridiar.com


About Marina Barcelona 92 (MB'92):
Marina Barcelona 92 is a company fully dedicated to the yacht industry and provides service-refit, repair and maintenance works to more than 70 superyachts per year with overall lengths from 35 up to 180 metres.

The shipyard covers a surface area of 76,000m2 with the following facilities: a 2,000 ton Syncrolift®, a 210 metres Dry dock, a 125 metres paint shed, a 150 ton Travelift, docking repair quays with the capacity to berth 8 yachts up to 110 metres in length, a berthing repair area for six yachts up to 200 metres in length, and a 4,000 ton Syncrolift® which will be operable in 2013.

MB'92 has commissioned Mourjan Marinas IGY to drive the global marketing effort and work alongside MB92 to provide Port Tarraco with a fresh injection of luxury marina management and marketing expertise.

www.mb92.com


About Port Tarraco Marina:
- 64 berths for boats between 30 and 160 metres LOA
- 9 metres draught
- 140m length waiting dock
- Up to 1250 amp power outlets
- Electricity supply, fresh water, Internet, satellite TV
- CCTV and 24-hour surveillance
- Ship chandler
- Dedicated Customer Service
- Ship chandler
- Retail and office space
- Restaurants, bars and pubs
- Fitness club
- Banks with 24hr ATMs
- Storage rooms within the marina
- Waste collection and MARPOL certificate
- Assistance in berthing on arrival and departure

For additional media information, please contact:

Sonia Asensio
Marina Barcelona 92 (MB92)
+34 93 224 02 24
+34 977 244 173
communication@mb92.com

Katrin Müller
Mourjan Marinas IGY
+971 50 624 9655
kmueller@mourjanmarinas.com

Source: Port Tarraco