Wednesday, June 18, 2008

Imax sign deal in Dubai

press release by Imax corp

DUBAI, UAE, June 18 /PRNewswire-FirstCall/ - IMAX Corporation today announced it has signed an agreement with Meydan LLC, a sports and entertainment property developer in Dubai, UAE, to install an IMAX® theatre as part of a multi-billion development at the world-famous Nad Al Sheba, Dubai's premiere thoroughbred horse racing track. Nad Al Sheba is home to the Dubai World Cup, one of the world's most prestigious horse racing events. Expected to be installed by the end of 2009, the new theatre brings the total number of IMAX locations in the Middle East to 12 by 2010.

"Dubai continues to be recognized around the world for its high end, luxury developments, and we're pleased that the IMAX brand will be included in the Meydan project," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "We remain committed to growing the IMAX network internationally, and we believe that with the right partners, Dubai serves as an excellent platform from which we can increase our visibility in the Middle East."


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