Browse related articles

LATEST:

Bright Start buys stake in Dubai Contracting Company from Amwal AlKhaleej

United Arab Emirates: Sunday, November 09 - 2008 at 14:07
PRESS RELEASE

Bright Start, a prominent UAE holding company, announced today that it has purchased a stake in Dubai Contracting Company (DCC) from Amwal AlKhaleej, a leading regional private equity firm. Amwal Al Khaleej had purchased a 49% stake in DCC in November 2007.

DCC is a world-class Gulf contractor based in Dubai. The company's completed projects portfolio includes UAE landmarks such as the World Trade Center Residences, the headquarters of Abu Dhabi Commercial Bank and the Capricorn Tower. DCC projects in progress include the Rolex Tower and the Fairmont Hotel on the Palm Jumeirah.

Talha Al Hashimi, CEO of Bright Start, said:

"Bright Start's investments are focused on best-in-class businesses and DCC fits this description perfectly. We are very excited about our new partnership with DCC and Amwal Al Khaleej and we view this investment as having tremendous growth potential."

Ammar Al Khudairy, CEO of Amwal AlKhaleej, said "Amwal AlKhaleej delivers added value and creates unique opportunities by aiding in strategic and financial matters and by bringing together the right people. We are thrilled to have a first-class value-adding investor such as Bright Start validate our investment outlook in DCC."

Abdallah Yabroudi, CEO of DCC, said "We welcome Bright Start to DCC. Our partnership with Amwal AlKhaleej has provided us with opportunities to expand further our operations. We continue to see considerable growth opportunities in the regional market. By having leading partners such as Bright Start and Amwal AlKhaleej, DCC is well-placed to capitalize on these opportunities."

Also consider reading:

» Emaar may scrap Burj Dubai towers project

Aldar announces completion of Ferrari World Abu Dhabi external structure.

» Aldar announces completion of Ferrari World Abu...

Over $900bn of projects are still underway in the UAE

» Dubai property market surveyed as Emaar miss Cityscape

» Nakheel executives granted bail in $11.9m fraud case

» Burj Dubai opening postponed until January

ADD ARTICLE TO
Twitter
Facebook
LinkedIn
Digg

Browse related articles

« Previous article Next article »

Today's most read articles:

Related site: http://www.dcc-group.com

Notes and media contacts

About Bright Start
Bright Start is a private holding company registered in Dubai, UAE. The company manages a diversified portfolio of investments in real estate, private equity and other assets.

About Amwal AlKhaleej
Amwal AlKhaleej is a leading regional private equity firm managing approximately SAR2.5bn. The firm was founded in 2005 in Riyadh with offices in Dubai and Cairo. Its team includes some of the most experienced investment professionals in the region. The firm has made investments in several high calibre companies such as Dubai Contracting Group, Damas Jewellery, Al- Tayyar Travel Group and Contact Cars.

About Dubai Contracting Company
DCC is a Gulf contracting company founded in 1962 and headquartered in Dubai. The company offers a wide range of contracting services focused on low, medium and high-rise buildings as well as hospitality complexes. The company's completed projects portfolio includes UAE landmarks such as the World Trade Center Residences, the headquarters of Abu Dhabi Commercial Bank and Capricorn Tower. DCC projects in progress include the Rolex Tower and the Fairmont Hotel on the Palm Jumeirah.

Posted by Nadeen El Ajou
Sunday, November 09 - 2008 at 14:07 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.

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com 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 AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions

Bright Start buys stake in Dubai Contracting Company from Amwal AlKhaleej

Bright Start, a prominent UAE holding company, announced today that it has purchased a stake in Dubai Contracting Company (DCC) from Amwal AlKhaleej, a leading regional private equity firm. Amwal Al Khaleej had purchased a 49% stake in DCC in November 2007.

Related stories

Also consider reading:

Notes and media contacts

Disclaimer:

Welcome Mac user!

News Releases

Special Reports »

Events Coverage »

Industry News

Video

Audio

Financial Markets

Country News

News and Comment

Business Services »

Country Guides »

Newsletter »

AMEinfo.com Jobs »

Project Director / BDM - Electrical

Country Head

Lead Electrical Site Engineer - High Rise

White Papers Library »

Businesses for Sale »

News Alerts »

Business Directory »

Current Events Directory »

News »

Mobile

Follow AMEinfo.com