FIDE President's visit to Beirut has brought excellent results. After several meetings and high-level talks he announced the sponsorship package worth 2 million US dollars for the next two years. "According to this agreement with Mr Alain Khoueiry, owner of Flipper 7 and Vogue Publishing, the sponsor shall provide two million USD for event sponsorship such as the Grand-Prix series for men and women, as well as for a number of other interesting ideas which were discussed," Kirsan Ilyumzhinov said. "The potential in Lebanon is enormous and thank to Mr. Khoueiry, we have found co-operation at the highest levels in Government as well as in the business community."