The renowned developer Emaar Properties‘ plan to launch a US $100 million fund for emerging designers in the region echoed through the fashion halls of Dubai last month.
This announcement came at an optimal time with a series of glamorous events positioning Dubai as the Middle East’s fashion capital, including Fashion Forward, managed and produced by BRAG, and the inaugural Vogue Fashion Dubai Experience, organized by Emaar in partnership with Vogue Italia, a leading fashion magazine. The fashion element of the fund will run alongside the Vogue Italia’s editor-in-chief.
The Financial Times reports that Emaar’s chairman Mohammed Alabbar “said the Emaar-backed fund would help to foster entrepreneurial spirit among young people in the Middle East, where half the population is under 21,” a noble objective with high potential and promise.
For more info – Emaar Properties