Formula World Sports, UIM F2000 World Cup promoter, announces GGICO as Gold Title Sponsor.

Formula World Sports today announced a new Gold Sponsor partner for season 2008 / 2009. Gulf General Investment Co. GGICO, a Dubai based conglomerate, will be the series Gold Sponsor for the, Grand Prix of Saudi Arabia, Jeddah on Oct 7th and the World Cup final Grand Prix of Malaysia in Sabah on Dec 14th.

FWS promoter Abdul Salam Fairooz said “GGICO’s sponsorship offered a number of benefits both for the company and the sport including the sports presence both locally and internationally”.

“Thanks to this alliance, a number of youths worldwide will have the chance to develop and polish their athletic talents. Also the UAE will enjoy strong and honorable representation in this sort of International arena and hosting countries will enjoy outstanding media coverage” he continued.

Saudi Arabia enjoyed the highest spectator visitors last year with over 50,000 visitors and the highest media coverage through satellite channels such as ART, Saudi Sport, Dubai Sport, Bahry TV, Sharjah TV and many others.

GGICO Deputy Managing Director, Mohammed Ali Al Sari said “GGICO are pleased to return to the world of powerboat racing after its initial sponsorship of the first Formula 2000 competition held in Sharjah”.

“With this event we are able to be part of something really special, bringing the world of power boating to the UAE, and helping to bring the UAE to the rest of the world; acting as both participant and host”, he continued.

Also present to celebrate the announcement were HH Prince Abdulla bin Saud Al Saud, Chairman of the Jeddah organizing committee of Grand Prix of Saudi Arabia; Mr Zachary Aman, Chairman of the Grand Prix of Malaysia and Guido Capellini nine times F1 powerboat World Champion and ambassador to FWS, Formula 2000 World Cup.

The deal celebrates Gulf General Investment Co’s 35yr anniversary as UAE conglomerate engaged in a number of diversified activities including, Manufacturing and Industrial, Real Estate, Development, Insurance, Hospitality, Retail, Trading, Financial brokerage and Transport and Services.

Emirates Lube Oil Co. (ELCO) a wholly owned subsidiary of GGICO, is one of the largest and leading manufacturers and marketer of Lubricants in the GCC. ELCO’s brand “NATIONAL LUBE” has very high brand value and is being exported to over 70 countries. The company has regional offices across the U.A.E, India and African continent and Oman.



Press Release ends……….


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Lex Akehurst
Media and PR
lex@x-sportgroup.com

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