IPIC, New Meydan Pillar Partner, Sponsors US$1m Dubai World Cup Carnival Card

Al Maktoum Challenge R2 & UAE 1000 Guineas Highlight Meeting

The International Petroleum Investment Company (IPIC) pays a first visit to Meydan Racecourse this Thursday February 6, 2014 as sponsor of the most valuable card to be staged at the track so far this season.

The meeting, which features the Group 1 Al Maktoum Challenge Round 2 for Purebred Arabians; the Group 2 Thoroughbred version of the same race; and, the first Classic of the season, the UAE 2000 Guineas; boasts a prize pot of more than $1m.

IPIC has penned a two-year strategic agreement with the Meydan Group, joining a select list of existing Meydan Pillar Partners.

In addition to the international meeting this Thursday, the deal also sees Abu Dhabi-based IPIC sponsor the Racing at Meydan meeting on February 13, 2014 as well as the Group 1 $1m Al Quoz sprint held over 1000m of Meydan’s turf on Dubai World Cup day.

IPIC will also sponsor the CISM Military Endurance World Championship, an event organised by Meydan Group’s Dubai Equestrian Club, and held at Dubai International Endurance City on Thursday March 6, 2014.

“It brings great pride to see IPIC’s brand at this prestigious racetrack and to kick-start our involvement with Meydan,” said His Excellency Khadem Al Qubaisi, Managing Director of IPIC. “In particular, we are especially excited to be involved with local purebred Arabians, given their historical significance to the UAE.”

Meydan Board Member and Chairman of the Meydan Racing Committee, Malih Al Basti said: “It gives us great pleasure to welcome IPIC to Meydan Racecourse for the first time.

“This partnership will see IPIC support racing from our domestic scene all the way through to the sport’s biggest international stage on Dubai World Cup day and further promotes our event and horse racing throughout the world.”

Established by Emiri decree in 1984, IPIC is a long-term investor in overseas energy and energy-related assets and undertakes strategic projects on behalf of its shareholder the Government of the Emirate of Abu Dhabi.