Home of Dubai World Cup Includes IMAX as Part of Multi-Billion Dollar Makeover

DUBAI, UAE, June 18 /PRNewswire-FirstCall/ - IMAX Corporation todayannounced it has signed an agreement with Meydan LLC, a sports andentertainment property developer in Dubai, UAE, to install an IMAX(R) theatreas part of a multi-billion development at the world-famous Nad Al Sheba,Dubai's premiere thoroughbred horse racing track. Nad Al Sheba is home to theDubai World Cup, one of the world's most prestigious horse racing events.Expected to be installed by the end of 2009, the new theatre brings the totalnumber of IMAX locations in the Middle East to 12 by 2010.

'IMAX is one of the most prestigious and globally recognized cinemabrands, and we are confident that our new IMAX theatre will help to reinforceMeydan as a premiere entertainment destination in Dubai,' said Saeed A-Tayer,Chairman of Meydan. 'We are very excited to offer our patrons a powerfulcinematic experience they can't get anywhere else.'

'Dubai continues to be recognized around the world for its high end,luxury developments, and we're pleased that the IMAX brand will be included inthe Meydan project,' said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond andBradley J. Wechsler. 'We remain committed to growing the IMAX networkinternationally, and we believe that with the right partners, Dubai serves asan excellent platform from which we can increase our visibility in the MiddleEast.'

About Meydan LLC

Meydan LLC (Limited Liability Company) oversees the development of theUAE's incredible new iconic horseracing development. It will feature aworld-class grandstand, and the enterprise will also serve as a major businessand conference district.

Features of Meydan - an Arabic word, which is translated as a place wherepeople congregate and compete - include five-star hotels, operated by BanyanTree, world-class golf course, more than 10 restaurants, covered car parkingfor 10,000, the Meydan Museum and gallery, and the Dubai Racing Club offices.Meydan Racecourse is in close proximity to Meydan City - a self-containedcommunity consisting of commercial and residential plots, retail outlets andarcades with canal, waterfront and promenade views. It is also located nearMeydan Business Park, which offers over 2.9 million square feet of officespace in 17 blocks.