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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.