Emaar Properties signs on as official sponsor for Renault Sport F1
Participating in this sponsorship deal:
About Sponsor:
Emaar Properties, based in the United Arab Emirates, is a Public Joint Stock Company listed on the Dubai Financial Market. Established in 1997 with an initial paid-up capital of AED 1 bn, Emaar Properties is currently the Persian Gulf region's largest land and real estate developer. With over 60 companies, Emaar's activities include property investment and development, property management services, education, healthcare, retail and hospitality sectors, as well as investing in financial service providers. In 2007, the government of Dubai, through the Investment Corporation of Dubai, took a 32% equity stake in Emaar by exchanging land for 28 billion AED worth of stock.
About Property:
Renault are currently involved in Formula One as a constructor, under the name of Renault Sport Formula One Team. They have been associated with Formula One as both constructor and engine supplier for various periods since 1977.