Some information of a large new media and amusement project were exposed at a recent press conference in Dubai. Renowned media figure Mr. Ali Alalyani in his capability as an agent of the project's creators, and Mr. Hamid Ahmed Dakhil, CEO, revealed that over 70 regional stars have authorized to participate in a unique media and amusement endeavor.
The occasion that occurred in the existence of Mr. Nabeel AlMoalimi; the project's founder, and his co-founders, was also an occasion to sign a memorandum of recognizing with Headline Interaction Media Corporation, represented by Mr. Feras Adel Al Maddah, CEO. The MoU intends to advertise shared participation between the project and the prominent marketing and communication agency.
Mr. Alalyani explained the finalizing as "an essential step to completing the solutions that the project intends to offer; and a further assurance in the direction of including worth to our services with excellent quality and professionality".
" There will certainly be additional recognized collaborations with celebs and critical companions in the future period," stated Mr. Hamid Dakhil. "The project is regarded as a unique investment project that would certainly generate quite high returns in its wholestic sense; and we prepare to offer it in a manner that matches its goals" Mr. Dakhil included.
Commenting on the statement of complete information regarding the project, which was bordered by practically overall privacy; and on which there were most recently quick reports in the media, Mr. Hamid discussed: "We have actually currently handled to agree with and register greater than 70 fabulous Arab stars, along with social networks influencers of various categories and specializeds (singers, speakers, stars, professional athletes, cooks, comedians, financial experts, and vlogers, etc.), to take part in this unique project. The number of celebrity participants is anticipated to go beyond 200 by the end of 2017".
Regarding the project's industrial and investment dimension, Mr. Majid El Amri, Head of Investment Board, showed that "the project has actually been developed in stages that transcend the Arab World's regional boundaries towards even more worldwide boundaries via organic development". To this end, he said; "we have appointed KMPG to serve as a strategic and monetary consultant, although this leading global company does not accept collaborations with start-ups, the sent business design was very acclaimed".
Including additionally, Mr. El Amri claimed: "The project's conservative appraisal is expected to get to USD 3.8 billion in five years covering MENA only".
Commenting on the size of investment in the project, Mr. El Amri stated: "Capital expenditure and pre-operating costs totaled up to around USD 15 million, omitting operational costs".
When it comes to financial investment opportunities in the project, he stated: "Taking into consideration the solid demand got until now from investor and some elite person and company financiers, it has been decided to open up an unique possibility of about 10 percent of the project's present evaluation to a thoroughly picked elite group of financiers, with included value, wanting to participate in the project and attain its common objectives. We will convene with interested events soon, in Saudi Arabia, the United Arab Emirates, Kuwait and Bahrain".
Mr. Feras Al Maddah, expressed his pleasure to take part in this important and unique project. "This project will bring an added value for all segments of the culture, consisting of stars, fans, and Little, Tool and Big enterprizes," he claimed. He applauded the extraordinary business design that is uniquely positioned to give social exposure to crucial markets, such as health and economy. Mr. Al Maddah clarified: "The project took into account opening excellent opportunities with the empowerment of efficient households and extremely tiny startups, which are struggling presently to offer their services and products to their targeted segments by means of conventional tools".
In this regard, Mr. Alalyani claimed: "We acknowledge the magnitude of difficulties that are dealing with these considerable sectors of the culture. This prompted us to discover an innovative approach that will have a favorable influence on the economic climate and falls in-line with the countries' vision to support these vital sectors of the economic climate."