/24-7PressRelease/ - July 11, 2007 - DAMAC Properties, the largest private sector master developer and the luxury lifestyle provider in the region, has won the 'Silverstone's Race 2' at the Ferrari Challenge Europe - Trofeo Pirelli held at Silverstone Circuit, UK. The DAMAC sponsored 'Ferrari F430 Challenge' racing car is currently competing in races across Europe culminating in the World Final in Italy on 25 October 2007.
The UK leg of the tour took place at Silverstone last month as part of Ferrari's 60th birthday celebrations. On this very special occasion, Ferrari showcased the full range of road and race Ferraris in action in the UK in 2007.
Mr. Hussain Sajwani, Chairman of DAMAC Holding said: "We are delighted to have reached the No.1 position and this once again reflects our personality to be the best in each area we operate in. We are proud to be part of such a prestigious event."
The car is managed by Ferrari Team Motor (www.ferrarimotor.it/index_uk) and will race in a total of eight rounds of the Challenge held at circuits in Monza, Misano, Imola, Vallelunga, Mugello, Silverstone and Le Castellet. Driving for DAMAC Properties will be ace young driver Giacomo Piccini (www.giacomopiccini.com)
"As DAMAC Properties continues to expand internationaly, our involvement with the Ferrari Challenge Championship is a unique way of communicating with our target audiences across Europe. Our association with the event is a reflection of the esteemed and exciting lifestyle that our customers are used to" said Peter Riddoch, CEO of DAMAC Properties.
Since its debut, the Ferrari Challenge has been one of the most competitive series on the entire Challenge scene, attracting a plethora of top class drivers year after year. The start grids are always packed and the outcomes are often nail-bitingly uncertain right until the very last bend.
DAMAC Properties recently won three prestigious awards at the CNBC Arabian Property Awards 2006. Property developer bagged the best development award for 'Oceanscape', best architecture award for 'Ocean Heights 2' and the best website award for the company's website - http://www.damacproperties.com. In December 2006, the company also won the IREF ME award for the best residential development in the UAE.
TRACCS Jordan
Maha Al Rawashdeh
Tel: (+962) 6 5924114
Fax: (+962) 6 5924334
Email: jordan@traccs.net
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