US business magazine Forbes has announced the signing of an agreement to launch Forbes Middle East in partnership with Arab Publisher House.
The launch will be held in Dubai, with the first issue expected to be published in October 2010. Forbes Middle East will have an initial circulation of 25 000 copies, with a planned hike to reach 30 000 within six months.
Arab Publisher House has already set up its headquarters in Building No. 4 of Dubai Media City (DMC), a member of TECOM Investments Media Cluster. A sign bearing the logo of Forbes Middle East, APH’s flagship publication, will be prominently displayed over the building.
Mohammed Abdullah, Managing Director, Media ClusterTECOM Investments, said: IMPZ is extremely pleased to welcome another top-level partner, especially one as important as Arab Publisher House, publishers of Forbes Middle East. This is a testimony to the continued health and growth of our operations. It also underscores the advantages of the unique cluster environment for media-related companies and the vibrancy of the media community here.
Khuloud Al Omian, Vice-President of Arab Publisher House and Editor-in-Chief of Forbes Middle East, said: We are delighted to enter into a partnership with IMPZ and set up our new headquarters in Dubai Media City (DMC). Dubai is a strategic hub for the region, and with DMCs state-of-the-art facilities, it is the logical place to base our firm and publish Forbes Middle East, which will cover businesses throughout the Middle East and North Africa (MENA) region.
Saeed Al Falasi, Executive Director, IMPZ, said: The decision by Arab Publisher House to set up base at the TECOM Media Cluster underlines its potential to attract leading media houses. We will continue to offer our business partners all possible support including world class infrastructure and an array of investment options as part of our long term vision to contribute to Dubai’s objective of shaping a sound media industry in the region.
Arab Publisher House is a newly formed joint venture of influential Arab investors that aims to bring to the region a number of key publications, including additional Forbes titles as well as other magazines.
TECOM Investments Media Cluster Dubai Media City, Dubai Studio City and International Media Production Zone provide a complete value chain of specialised offerings that have created an established community hub for the media and content creation industries in the region.