Global Strategic Equities Fund holds USD1 billion first closing

Notes and media contacts

About Dubai International Capital LLC:
Established in 2004, Dubai International Capital LLC (DIC) is a Dubai-based international investment company. It is a wholly owned subsidiary of Dubai Holding. DIC manages an international portfolio of diverse assets that provide its stakeholders with value growth, diversification, and strategic investments and relationships.

In 2005, DIC bought The Tussauds Group, the largest operator of visitor attractions in Europe, for £800 million. In the same year, DIC acquired a significant stake in DaimlerChrysler, the world's second largest carmaker, for $1 billion, making it the company's third largest shareholder. In 2006, DIC acquired Doncasters Group Limited, a UK-based manufacturer of precision engineering components and systems for £700 million; and Travelodge, the UK's leading budget hotel brand for £675 million.

DIC is a substantial investor in the Middle East. Investments include Ishraq, a US$150 million investment company that was formed to bring the Holiday Inn Express brand of hotels to the Gulf Co-operation Council (GCC) countries; and MENA Infrastructure Fund, a US$500 million fund targeting investment opportunities in infrastructure projects in the Middle East and North Africa region. In 2005, DIC launched Jordan Dubai Capital, a $300 million investment fund that targets private equity opportunities in the Jordanian economy.

For further information, please contact:
Sam Dulka, JiWiN
The Public Relations arm of Dubai Press Club
Tel: +9714 361 3 333
Fax: +9714 388 8 001

For further information on Dubai International Capital, please contact:
Hazar Al-Zaki
Dubai International Capital
Tel: +9714 362 1888