DCC Celebrates its Strategic Partnership with Amwal AlKhaleej
09/02/08
Dubai Contracting Company (DCC) hosted a private dinner on Saturday February 9thfrom around the Middle East, to celebrate its recent strategic partnership with Amwal AlKhaleej, a leading private equity firm in the region. The dinner was held at the Jumeirah Beach Hotel. for prominent business people
The partnership between the two organizations was announced in mid-January, and was implemented through a special purpose vehicle solely managed by Amwal AlKhaleej, AK XII.
DCC's Chairman and CEO, Abdallah Yabroudi said "we are very happy to be able to share these celebrations with our friends and business associates. Our partnership with Amwal AlKhaleej provides us with a tremendous opportunity to expand further our operations. Amwal AlKhaleej’s team has demonstrated their ability to add value to our business and we are confident that their experience will allow us to pursue the various growth initiatives that we are currently focused on."
According to Ammar AlKhudiary, CEO of Amwal AlKhaleej, "DCC is a premier contracting firm that is well-positioned to achieve significant growth in the region. The company’s strong performance over time indicates the very high quality of the management team which has been running the Company for 46 years. We are very excited to be part of the next phase in this company’s phenomenal story."
DCC’s project portfolio includes UAE landmarks such as the Fairmont Hotel on Sheikh Zayed Road, the headquarters of Abu Dhabi Commercial Bank and the Capricorn Tower. In progress projects include the World Trade Centre Residence, the Rolex Tower and the Fairmont Hotel on the Palm Jumeirah.
