This exclusive conference, which is being held under the patronage of H.H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Chairman of the Executive Council, will bring together prominent German financial executives from major corporations including BASF, DaimlerChrysler, Deutsche Lufthansa, EON, MAN, RWE, SAP and Siemens, and influential investors and business leaders from the Arab region.
The German-Arab Investment Conference, will take place on the 11th - 12th of November, 2006 at the Grosvenor House Hotel in Dubai, and will address issues on global economic conditions and its implications for Germany and Europe, while focusing on investment opportunities in German equities for the Arab world.
Sameer Al Ansari, CEO, Dubai International Capital (DIC), said, 'Germany and the Arab region have a long-standing relationship in trade and investment opportunities. The development of this conference is an extension of this association, drawing together top German business leaders and high-profile Arab investors to evolve the partnership further.'
The stable German market is proving to be a favoured option among Arab companies and investors pursuing an aggressive diversification strategy for their global investment portfolios.
Bodo Uebber, CFO of DaimlerChrysler said: 'This conference provides an excellent opportunity for the participating German DAX companies to present their strategy and their positioning in the global market to Arab investors. Furthermore the conference will strengthen the mutual understanding between Arab and German business leaders and create the basis for an enhanced cooperation in the future.'
With US$1 billion stake in DaimlerChrysler, Dubai International Capital (DIC) is the third largest shareholder in the US-German automobile manufacturer and is seen as an active player in the German market. DIC has recently launched the Global Strategic Equities Fund (GSEF), with equity of $2 billion that will give it further fire power to invest in some of the largest companies in the world.
Dubai International Capital to host UAE'S first German-Arab Investment Conference
Dubai International Capital (DIC), the international investment arm of Dubai Holding, has partnered with DaimlerChrysler to host the leading German-Arab Investment Conference in Dubai, to develop bilateral investment opportunities between the Middle East and Europe's largest economy.
- United Arab Emirates: Wednesday, October 25 - 2006 at 17:50
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Log in to request more information from Dubai International CapitalNotes and media contacts
For further information, please call:Sam Dulka, JiWiN
The Public Relations arm of Dubai Press Club
Tel: +9714 361 3 333
Fax: +9714 388 8 001
For further information on Dubai International Capital, please call:
Shereen El-Sharif
Dubai International Capital
Tel: +9714 3621843
About Dubai International Capital LLC:
Established in 2004, Dubai International Capital LLC (DIC) is a Dubai-based international investment company. It is a wholly owned subsidiary of Dubai Holding. DIC manages an international portfolio of diverse assets that provide its stakeholders with value growth, diversification, and strategic investments and relationships.
DIC's expanding portfolio includes:
• US$ 1.23 billion acquisition of Travelodge (UK), Britain's fastest growing hotel company
• US$ 1.5 billion acquisition of The Tussauds Group (UK), the largest operator of visitor attractions in Europe.
• US$ 1.2 billion acquisition of Doncasters Group (UK), an industrial manufacturing firm that produces precision engineering components across various industrial sectors.
• US$ 1 billion investment in DaimlerChrysler, making it the company's third largest shareholder.
• US$ 300 million in commitments to private equity funds, across the Middle East, Asia, Europe and North America.
• Anchor investor in a US$ 300 million investment company Jordan Dubai Capital (JD Capital), targeting investment opportunities in Jordan.
• A substantial investor in an investment company, Ishraq Holding, which is bringing the world's leading budget hospitality brand, Express by Holiday Inn, to the GCC.
About DaimlerChrysler:
DaimlerChrysler is unique in the automotive industry and has headquarters in Stuttgart, Germany; and Auburn Hills, Michigan, USA. Products portfolio ranges from small cars to sports cars and luxury sedans; and from versatile vans to heavy duty trucks or comfortable coaches. DaimlerChrysler's passenger car brands include Maybach, Mercedes-Benz, Chrysler, Jeep®, Dodge and smart. Commercial vehicle brands include Mercedes-Benz, Freightliner, Sterling, Western Star, Setra, Mitsubishi Fuso, Thomas Built Buses and Orion.
DaimlerChrysler's strategy rests on four pillars: Excellent products offering outstanding customer value, leading brands, innovations and technology leadership and global presence and networking. With 382,724 employees, DaimlerChrysler achieved revenues of ˆ149.8 billion in 2005.
Additional information about DaimlerChrysler is available at: www.media.daimlerchrysler.com
Posted by Janeta Novakovic, Assistant News EditorWednesday, October 25 - 2006 at 17:50 UAE local time (GMT+4)
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This Article was updated on Sunday, May 20 - 2007
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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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