Dubai developer sets out to form Middle East’s fashion capital - FT.com:
"Dubai’s Emaar Properties intends to launch a $100m fund to encourage Arab entrepreneurship, with a focus on fashion and retail, as the developer seeks to position the emirate as the Middle East’s fashion capital.
As the fashion world descended on Dubai for a series of glitzy fashion events this week, Mohammed Alabbar, Emaar’s chairman, said the fund would help emerging Middle Eastern designers as he builds on the status of his landmark shopping centre, Dubai Mall, as the region’s luxury retail hub.
“We need to fund the talent,” Mr Alabbar told the Financial Times. “Every young man and woman here is so keen on fashion and style.”"
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