Latest Capital Partners
News
Dubai free zone strikes off U.S. investors
Reuters - 18. January 2009
A U.S. private equity firm once hailed as a major foreign investor in Dubai says it has been shut down without warning following a dispute with the government of the Gulf Arab trade hub.
Scandals in Dubai Cast a Cloud
Wall Street Journal - 28 April 2008
Some Problem Deals In Real Estate May Dent Trust - The U.A.E., a collection of seven, semiautonomous emirates, was the first of the Arab Gulf states to allow foreign-property ownership. The country, a major oil producer, remains at the center of the Gulf region's construction surge.
US-Dubai company $1 bln lawsuit raises trade concerns
Reuters - 17. April 2008
A $1 billion lawsuit between a firm owned by the ruler of Dubai and a U.S company could hinder free trade talks between the United States and the United Arab Emirates.
Tecom slapped with $1bn lawsuit
Arabian Business - 2. February 2008
Dubai-owned Tecom Investments is being sued for $1 billion by a US real estate company, claiming the free trade zone operator unjustly cancelled its development contract.
US developer in $1bn Dubai property test case
Financial Times - 1. February 2008
Capital Partners is suing a quasi-governmental company, claming its investment in a project in the emirate was unjustly cancelled amid a contractual dispute.
Dubai test case for developer
Property Week - 1. February 2008
Capital Partners had in July 2005 made what was planned to be one of the largest foreign investments in the region's business hub, when it announced plans for River Walk, a mixed-use $1bn project in the busy internet business park located on prime land near the trunk of the reclaimed Palm Island.
Halliburton move boosts Dubai's ambitions
Gulf News - 3. March 2007
Dubai's free-zone set-up, business-minded government lure increasing overseas investment.
Marriott to open five Courtyards in Dubai
Gulf News - 2. October 2006
The US-based lodging group Marriott International plans to open at least five of its Courtyard brand of hotels in Dubai within the next five years.
Dubai real estate market will continue to be solid investment
Gulfnews.com - 28. April 2006
A Price stabilisation in the UAE real estate
market is to be expected over the next 12
months, but this is the sign of a maturing
market,
according to industry officials.The over-zealous buy-at-all-costs approach to real estate of the last two years will make way for a more contained marketplace.
Dubai
real estate market maturing: Capital
Partners
Business Times - 27. April 2006
A price stabilisation in the UAE real estate
market is to be expected over the next 12
months, but this is the sign of a maturing
market, rather than a lack of confidence,
according to W. Jonathan Wride, Managing
Director of Capital Partners, the Dubai-based
American real estate private equity fund.
Transparency
is a key to do business in UAE
Business Times - 10. April 2006
Transparency and a clear business infrastructure
are the most important foundations for
doing business in the UAE, according
to W. Jonathan Wride, managing director
of Capital Partners FZ LLC, a real estate
private equity fund.
Dubai
will continue to promote investment
opportunities
Zawya - 12. December 2005
Investment opportunities will continue to
increase in the UAE,
according to the principal of one private
Equity fund, who pointed to
anticipated changes in the federal Company
Law as further indication of
the country’s liberal economy.
Riverwalk
developers 'will be contractually
bound to develop on time'
AME Info - 26. October 2005
Sub-developers at Riverwalk, the mixed-use
development to be
constructed in Dubai Internet City, will
be contractually bound to
deliver on time, according to W. Jonathan
Wride, managing director of
Capital Partners FZ LLC, the development
owners.
Dubai:
Safety mechanisms put in place
for Riverwalk buyers
Al Bawaba - 13. October 2005
Escrow accounts, for real estate purchases,
will be used for each
element of the signature Riverwalk development. “The
monitored escrow
deposit accounts add an additional degree
of transparency for all real
estate transactions at Riverwalk. The real
estate market in Dubai has
now matured to the extent that it needs – and
deserves – measures like
this to ensure continued consumer confidence.”
Further
FDI predicted after $1BN landmark
real estate deal between US
private equity firm and Dubai governement
Al Bawaba - October 2005
The UAE – which currently attracts
just over 25 per cent of the GCC’s
foreign direct investment (FDI) – can
capitalise on recent real estate
deals with Western companies to ramp up inbound
funds, according to one
of the principal market players. W. Jonathan
Wride, managing director
of Capital Partners FZ LLC, which is currently
responsible for the
largest Western investment in Dubai through
its $1billion RiverWalk
real-estate development, identified successful
case studies and the
removal of trade barriers as key to future
success.
Marriott
International to expand its
Dubai portfolio with Capital
Partners
AME Info - 7. September 2005
Marriott International will expand its
hotel portfolio in Dubai with
two new properties in 2008 at RiverWalk
in the Dubai Internet City Free
Zone under management agreements with Capital
Partners, a U.S. private
equity firm and developer of Riverwalk.
U.S.
Developers Land Deal in Dubai
Wall Street Journal
- August 2005
Leading Western investment
in the Middle East, Capital
Partners and the
Dubai government have
announced the launch of Riverwalk,
a one billion
dollar real estate project
in Dubai. Media from around
the world,
including the Wall Street
Journal have covered the
deal.
Capital prepares to award the first River Walk construction projects
Arabian Business - 23. July 2005
Capital Partners has revealed that it has already pre-qualified a number of contractors for the first main construction package of the US $800 million River Walk project in Dubai.
Capital
Partners announce agreement
with Dubai Government on US$ 1 billion
project
AME Info
- 18. July 2005
Formally announcing the partnership with
the Dubai Government, Capital
Partners is pleased to unveil the new Riverwalk
Project. According to
Capital Partners Managing Director Jonathan
Wride, “To say that we are
pleased to reach this stage is an understatement.
We have demonstrated
our commitment to Dubai and Dubai has responded
by welcoming us into
their community with this project.”
Dubai
begins to lure American funds
for major projects
Zawya - 19. July
2005
At a time when most western businesses
were steering clear of the
Middle East, Capital Partners was setting
the foundation for a strong
relationship with the city and government
of Dubai.
Dubai
sees US$200m cash boost
Arabian Business - July 2005
FITP Business highlights the role that
Capital Parnters is playing to
bring direct foreign investment to the
Middle East.
Dubai
Rising (PDF)
Forbes - May 2004
Capital Partners was featured in a special
edition of Forbes Magazine.
In 'Dubai Rising,' Capital Partners is
singled out as one of the
outstanding firms transforming Dubai into
one of the most exciting
cities in the world.
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