User:Lcdxb/leisurecorp
| Industry | Real Estate/ Sports and Leisure |
|---|---|
| Founded | 2006 |
| Headquarters | , |
Area served | Global |
| Products | Investment |
| Parent | Dubai World |
| Website | www.leisurecorp.com |
Leisurecorp was established by Dubai World in 2006 to identify, acquire and develop leisure and lifestyle-related investments in Dubai and across the world. Its portfolio includes Jumeirah Golf Estates in Dubai; Pearl Valley Golf Estates in South Africa[1]; Turnberry in Scotland; a major shareholding in Island Global Yachting; a stake in Troon Golf; a shareholding in GPS Industries; and a stake in Snowmass Colorado.
In November 2007, Leisurecorp announced a wide-ranging partnership with The European Tour which will create the Dubai World Championship, the world’s richest golf tournament with a $10 million prize fund. To be held annually at Jumeirah Golf Estates, the tournament will be open to players numbered 1- 60 on The Race to Dubai – formerly The European Tour Order of Merit – with players being given the opportunity to compete for an additional $10 million bonus fund.
From 2009, Jumeirah Golf Estates will also become home to The European Tour’s International Headquarters.
In October 2008, Leisurecorp took ownership of Turnberry in Scotland, the host venue for the 2009 Open Championship[2]
References
[edit][1] AME Info, Jun 03, 2007
[2] AME Info, Nov 01, 2008
ArticleKhaleej Times, Jan 28, 2009