The Conference will focus on the climate for Arab investment in Asia and will enable the highest levels of interaction between GCC investors and the senior management of 14 invited Asian multinational companies. The Conference participants will include over 100 representatives from leading financial institutions and individual investors from the GCC, as well as senior international economists and government officials from each of the Asian nations represented.
Sameer Al Ansari, Executive Chairman and Chief Executive Officer of Dubai International Capital, said: 'Economic alliances between the GCC and Asia continue to strengthen, and we believe that these links provide a strong foundation for investment. As Asia's leading companies offer exciting potential for GCC investors, we are delighted to host this conference designed to act as a catalyst for GCC investment into Asia.'
The Arab-Asian investment conference has attracted participation from several of Asia's leading multinational companies including Hyundai Motor Company, Aluminium Corporation of China Ltd., ICICI Bank Ltd., and Samsung Electronics Company, among others.
The senior management of the Asian multinationals attending the Conference will each have the opportunity to showcase their companies to GCC investors, followed by Q&A sessions. The programme also includes the opportunity for private follow-up discussions with interested investors.
In addition to providing the platform for the establishment of strategic relationships between investors and corporations in the two regions, the Conference programme includes plenary sessions which will discuss Asia's position as a key driver of regional and global growth, and provide insights into Asian economies and their economic links with GCC countries.
The Arab-Asian Investment Conference follows the success of a similar conference hosted by DIC last year for GCC investors to explore investment opportunities with leading German companies.
DIC's investments include publicly listed equities through its US$2 billion Global Strategic Equities Fund ('GSEF'). The fund aims to make structured investments in global Fortune 500 companies and seeks to become a leading investor in pre-eminent global large capitalisation stocks. GSEF's investments to date include a substantial stake in HSBC and a 3.12 percent stake in EADS, the parent company of Airbus.
Major Asian blue-chip companies to meet leading Arab investors at Investment Conference
Dubai International Capital LLC ('DIC'), the international investment arm of Dubai Holding, is pleased to announce that it will host the Arab-Asian Investment Conference on 3 - 4 December, 2007 in Dubai at the Dubai International Financial Centre (DIFC).
- United Arab Emirates: Tuesday, November 20 - 2007 at 15:56
- PRESS RELEASE
Notes and media contacts
Arab-Asian Investment Conference 3-4 December 2007, DubaiAttendance at the Arab-Asian Investment Conference is by invitation only.
Fur further information, please contact:
Dubai International Capital LLC
Jehad Saleh
or
Maliha Aqeel
JiWin Public Relations
Exclusive Affiliate of Burson-Marsteller in the Middle East
Tel: +971 4 361 3598
About Dubai International Capital LLC:
Established in 2004, DIC is a Dubai-based international investment company. It is a wholly owned subsidiary of Dubai Holding. DIC manages an international portfolio of diverse assets that provide its stakeholders with value growth, diversification, and strategic investments and relationships.
DIC's investments have included: £800 million acquisition of The Tussauds Group (UK), one of the largest operators of visitor attractions in Europe and its subsequent partnership with Merlin Entertainments Group 'Merlin' which positioned the combined Group as the world's second biggest visitor attractions operator after Disney. DIC retained a 20% stake in the combined company.
DIC's investments also included the £675 million acquisition of Travelodge (UK), Britain's fastest growing budget hotel company, US$ 1 billion stake in DaimlerChrysler, one of the world's leading carmakers; £700 million acquisition of Doncasters Group (UK), an industrial manufacturing firm that produces precision engineering components across various industrial sectors; and €850 million acquisition of Mauser AG, a world market leader in industrial packaging with approximately 3,700 employees operating in more than 50 locations across Europe, North America, Latin America and Asia.
Most recently, DIC has agreed to acquire a 9.9% outstanding equity stake in Och-Ziff, a leading institutional alternative asset management firm and one of the largest alternative asset managers in the world, upon completion of its planned initial public offering. DIC acquired Almatis, the global leader in the research, development and production of specialty alumina materials used in various industrial manufacturing processes. DIC also recently acquired for £600 million Alliance Medical, the leading provider of diagnostic imaging services to the European healthcare sector. DIC's public equities investments include a 2.87% stake in ICICI, Bank Limited ('ICICI'), the leading Indian financial services firm.
DIC is also a substantial investor in the Middle East and North Africa (MENA) region. Investments include a significant stake in the Rivoli Group, one of the Gulf Co-operation Council's (GCC) leading luxury retailers with over 215 outlets; Ishraq, a US$150 million investment company that was formed to bring the Holiday Inn Express brand of hotels to the GCC except Saudi Arabia; and the MENA Infrastructure Fund, a US$500 million fund targeting investment opportunities in infrastructure projects in the MENA region. In 2005, DIC launched Jordan Dubai Capital, a US$300 million investment company that targets private equity opportunities in the Jordanian economy. DIC is also a founding shareholder of Dubai Aerospace Enterprise, a company building a global aerospace corporation that encompasses aircraft leasing, manufacturing, services, airports and education. In addition, DIC has a joint venture with CBRE that provides real estate asset management services in Dubai and the broader Middle East region.
Information about Dubai International Capital LLC is available at: www.dubaiic.com.
Posted by Lara Lynn Golden, News EditorTuesday, November 20 - 2007 at 15:56 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Wednesday, November 21 - 2007
Index : Company News : Dubai Holding : Dubai International Capital
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Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
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