Hyatt Announces Plans for Three New Hotels in the Kingdom of Saudi Arabia; Agreements for Park Hyatt Riyadh, Grand Hyatt Jeddah, and Hyatt Regency Jeddah Bring Total to Six Hotels under Development in Saudi Arabia

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Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into agreements with Naseel Holding Company to manage three new Hyatt-branded hotels in the Kingdom of Saudi Arabia. With the addition of these three new hotel agreements, there are six Hyatt-branded hotels under development in Saudi Arabia across five of Hyatt’s brands. Currently, there is one Hyatt-branded hotel in Saudi Arabia – Park Hyatt Jeddah — Marina, Club and Spa, which opened in 2009.

“Expanding the number of Hyatt-branded hotels in the Kingdom of Saudi Arabia will be a significant step towards our goal of being the preferred brand for global travelers,” said Peter Norman, Senior Vice President – Acquisitions and Development for Hyatt International — Europe, Africa, and Middle East, “and we are very pleased to be working with Naseel Holding Company to manage these outstanding new properties.”

“The addition of the Hyatt brand to our portfolio of hotels in the Kingdom is greatly welcomed and we are pleased to be part of Hyatt’s strong commitment to the Kingdom and the hospitality sector,” said Majid Al Ibrahim, Chairman – Naseel Holding Company, “and we are confident that the three new buildings are going to be a very valuable addition to the two great cities of Riyadh and Jeddah.”

“It has been a total pleasure to have the opportunity to work with both Naseel and Hyatt in these exciting projects. I am very confident that this is the start of a long-term rewarding relationship which will set the tone to always explore opportunities in this thriving market.” said Jaber Albrahim, CEO of New York based Interventure Capital Group, who served as an advisor to Naseel in negotiating the agreements.

Park Hyatt Riyadh, currently slated to open in the fourth quarter of 2015, will be a stand alone building located on King Fahd Road in the Olaya District in the city of Riyadh, situated near the Kingdom Center and the Al Faisaliya Tower. The 275-room hotel, designed by Skidmore, Owings & Merrill LLP (SOM), will have 50 suites, as well as three restaurants, a lounge, 1,450 square meters of meeting and event space, including a 1,000 square meter ballroom, and a spa and fitness center. In addition to Park Hyatt Riyadh, 13 other previously announced Park Hyatt hotels are under development in the following locations worldwide: Alem-Tejo, Portugal; St. Georges, Bermuda; Doha, Qatar; Changbaishan, Guangzhou, Hangzhou, and Sanya Sunny Bay, China; Chennai, Hyderabad, and Mumbai, India; Marrakech, Morocco; New York, United States; and Vienna, Austria.

Grand Hyatt Jeddah, designed by Skidmore, Owings & Merrill LLP (SOM), with 400-rooms, including 48 suites, will be located in the center of the city of Jeddah, on the corner of Corniche Road and Al Amir Naif Street with views of the Red Sea. The hotel, which is expected to open in early 2016, will feature three restaurants, a lobby lounge, and a Grand Club Lounge. In addition, the hotel will have 5,700 square meters of meeting and event space, including grand and junior ballrooms. The hotel will also have a spa and fitness center. In addition to Grand Hyatt Jeddah, 11 previously-announced Grand Hyatt hotels are under development in the following cities around the world: Rio de Janeiro, Brazil; Frankfurt, Germany; Chengdu, Dalian, Nanjing, Sanya Haitang Bay, and Shenyang, China; Pune, India; Beirut, Lebanon; Kuala Lumpur, Malaysia; and Moscow, Russia.

Hyatt Regency Jeddah, with 240-rooms, including 30 suites, will be located on Tahliyah Street in the center of Jeddah, near Tahliyah Square and close to Malek Road and North Corniche Road. The hotel, which is expected to open in the second half of 2015, will feature three restaurants, a lobby lounge, and a Regency Club lounge. In addition, the hotel will have 1,700 square meters of meeting and event space, including a ballroom and boardroom, as well as a spa and fitness center. In addition to 148 Hyatt Regency hotels currently open worldwide, more than 30 previously announced Hyatt Regency hotels are under development around the world, including three in Russia, one in the Middle East, two in Mongolia, two in Latin America, 16 in India and 14 in China.

About Park Hyatt

Located in many of the world’s premier destinations, each Park Hyatt hotel is custom designed to combine sophistication with distinctive regional character. Park Hyatt features well-appointed guestrooms, meeting and special event spaces for smaller groups, critically-acclaimed art and food and beverage programs, and signature restaurants featuring award-winning chefs. There are currently 28 Park Hyatt hotels around the world in locations including: Abu Dhabi, Baku, Beaver Creek, Beijing, Buenos Aires, Canberra, Chicago, Dubai, Goa, Hamburg, Istanbul, Jeddah, Maldives, Melbourne, Mendoza, Milan, Moscow, Ningbo, Paris, Saigon, San Diego, Seoul, Shanghai, Sydney, Tokyo, Toronto, Washington D.C., and Zurich.

About Grand Hyatt

Grand Hyatt features large-scale, distinctive hotels in major gateway cities and resort destinations. With 37 hotels around the world and critical mass in Asia, Grand Hyatt hotels provide sophisticated global business and leisure travelers with upscale accommodations. Signature features of Grand Hyatt include dramatic architecture, innovative dining options, state of the art technology, spa and fitness centers and comprehensive business and meeting facilities appropriate for corporate meetings and social gatherings of all sizes.

About Hyatt Regency

Hyatt Regency offers a full range of services and facilities tailored to serve the needs of meeting planners, business travelers and leisure guests. Properties generally range in size to over 2,000 rooms and are conveniently located in urban, suburban, airport, convention and resort destinations around the world. Hyatt Regency convention hotels feature spacious meeting and conference facilities designed to provide a productive environment.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company’s subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt(R), Park Hyatt(R), Andaz(R), Grand Hyatt(R), Hyatt Regency(R), Hyatt Place(R) and HYATT house(TM). HYATT house is changing its brand identity from Hyatt Summerfield Suites(R). Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt Residences(TM)and Hyatt Vacation Club(R), which is changing its name to Hyatt Residence Club(TM). As of September 30, 2011, the Company’s worldwide portfolio consisted of 478 properties in 45 countries. For more information, please visit www.hyatt.com .

About Naseel Holding Company

Naseel is a financial holding focused on various activities, and the real estate is a major investment area. Hospitality represents a large part of Naseel real estate portfolio. For more information, please visit www.naseel.com .

Forward-Looking Statements

Statements in this press release, which are not historical facts, are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about our plans, strategies, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, general economic uncertainty in key global markets, the rate and pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; hostilities, including future terrorist attacks, or fear of hostilities that affect travel; travel-related accidents; changes in the tastes and preferences of our customers; relationships with associates and labor unions and changes in labor law; the financial condition of, and our relationships with, third-party property owners, franchisees and hospitality venture partners; risk associated with potential acquisitions and dispositions and the introduction of new brand concepts; changes in the competitive environment in our industry and the markets where we operate; outcomes of legal proceedings; changes in federal, state, local or foreign tax law; fluctuations in currency exchange rates; general volatility of the capital markets and our ability to access the capital markets. A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

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[Press Release] Artificial Lift Company announced today the successful installation of the first Rigless electrical submersible pump (ESP) string installed in the Middle East with Saudi Aramco.

The installation was performed in one of Saudi Aramco’s fields and comprised of a 134HP Rigless ESP system with a 6000 barrel-per-day pump. The system includes the Artificial Lift Company proprietary Permanent Magnet Motors and Wet Connect system. The unit was installed at a depth of 6,119 feet and included the installation of a downhole ESP gauge, packer, and subsurface safety valve assemblies.

Saudi Aramco have provided a platform for further installations throughout the Middle East with several operators already showing a desire to use this technology. Artificial Lift Company’s Rigless ESP technology provides an opportunity for clients to retrieve the ESP string without a rig, realizing significant benefits through cost savings on rig utilization and electricity expenditures, decreased downtime, and less oil deferment.

“Artificial Lift Company is honored to work with a company of such high caliber as Saudi Aramco, enabling them to achieve a level of optimization consistent with their production goals,” stated Alan Petrie, Business Development Manager, Saudi Arabia, for Artificial Lift Company.

The success of this installation follows closely on three wells in Alaska where the Artificial Lift Company installation team’s experience now establishes them as a global leader in providing Rigless ESP technology.

About Artificial Lift Company:

Headquartered in Houston, Artificial Lift Company is an oil and gas recovery technology and services company. We have ingenious people to reliably optimize your production. Our experience and imagination keep you in full flow, minimizing downtime and costs while increasing safety and ease of use. We will extract every last drop of productivity for your business with our uniquely effective technology and service excellence.

Jadwa Investments released its February 2012 Chartbook through SUSRIS, the Saudi-US Relations Information Service.

A summary and the report in its entirety can be viewed here. 

[Press Release] – Fujitsu today announced that it has signed a memorandum of understanding (MOU) with the Saudi Industrial Property Authority (MODON) to commence a collaborative smart communities project in MODON’s industrial areas.

With the local initiative led by Fujitsu Arabia, Fujitsu begins this global smart community business in Saudi Arabia based upon cutting-edged ICT, and environmental and power-saving technologies. Fujitsu will first carry out a feasibility study during FY2011 and FY2012, after which the company plans to roll out full-scale development of the project.

In October 2011, Japan’s Ministry of Economy, Trade and Industry (METI) selected this study as a “Feasibility Study for the Overseas Development of Smart Communities and Other Projects.” This is one part of an initiative for METI’s “Promotion of Export of Infrastructure-related Industries and Systems.” With METI’s support, the project is expected to become a model case for the export of infrastructure systems through public-private collaboration.

During the new project, Fujitsu will promote the development of smart communities in Saudi Arabia’s industrial areas with a focus on both the environment and energy. The project will include installing environmental management systems along with energy management systems to optimize energy usage.

Background

Saudi Arabia is currently taking aggressive measures to promote the country’s industrialization, and the industrial areas distributed across Saudi Arabia in principal cities such as Riyadh and Dammam are playing a central role in these efforts. At the same time, addressing environmental issues, such as air and water pollution, which often accompany rapid industrialization, has become an urgent challenge.

In 2010, Fujitsu began discussions with MODON to develop eco-friendly industrial areas, and in March 2011, Fujitsu took its first on-site tours.

With MODON’s strong commitment to preserving the environment, in September 2011 Fujitsu signed a memorandum of understanding with the Director General of MODON to collaborate in the development of eco-friendly areas.

In October 2011, Fujitsu’s eco-friendly industrial areas proposal based on the use of cutting-edged IT and environmental technology was adopted by METI as a “Feasibility Study for the Overseas Development of Smart Communities”.

Toward the next step of the project, MODON and Fujitsu agreed to sign an additional MOU for environmental management systems and smart community collaboration.

With the aim of expanding its business in Saudi Arabia, in September 2011 Fujitsu established Fujitsu Arabia as a joint venture with a local partner Almisehal Group.

Project Overview

1. Feasibility Study (FY 2011)

At the Dammam 2nd Industrial City, located in one of Saudi Arabia’s three major cities, Fujitsu carries out air, water, and energy-related field measurements, while at the same time conducting hearings with MODON and tenants to determine their needs and the challenges they face related to environmental management. Based on the results of these measurements and hearings, Fujitsu will develop a basic design for an environmental monitoring system for Dammam 2nd Industrial City.

2. Environmental Management System Design and Implementation (FY 2012)

With a vision of establishing a centralized total environment management system to monitor MODON’s all industrial areas across the country, Fujitsu will begin to perform detailed design and implementation of a real-time environmental monitoring system that will connect Dammam 2nd Industrial City to MODON headquarters in Riyadh.

Environmental data collected and analyzed by this system will contribute to a policy aimed at improving the environment and the development of smart communities. In addition, measured data will be made available to local residents and businesses, and can be used as criterion for judging compliance with environmental regulations, environmental advisories or warnings. As a result, this system is expected to contribute to the safety and security of daily human life.

3. Joint Design of an Eco Industrial City Model for Saudi Arabia (FY 2012)

MODON and Fujitsu will jointly conduct the planning of a model of Eco Industrial City for the Dammam 2nd Industrial City and Sudair Industrial and Business City as a pilot site, based on the use of cutting-edged IT, environmental and energy technologies, combined with Japanese know-how in environmental regime design.

4. Transforming Industrial City into Smart Community (FY 2013 and beyond)

Based on the achievements above, MODON and Fujitsu will deploy the environmental management system and the Eco Industrial City model to the rest of MODON’s industrial areas to establish smart communities in Saudi Arabia.

To conduct the feasibility study, Fujitsu is forming a consortium with Fujitsu Electric Co., Ltd. and METAWATER Co., Ltd. to combine the three companies’ strengths – ICT and systems technology from Fujitsu, environmental and energy technology from Fuji Electric, and water technology from METAWATER.

About Fujitsu Limited

Fujitsu is a leading provider of information and communication technology (ICT)-based business solutions for the global marketplace. With approximately 170,000 employees supporting customers in over 100 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited reported consolidated revenues of 4.5 trillion yen (US$55 billion) for the fiscal year ended March 31, 2011. For more information, please see: www.fujitsu.com .