Capri Capital Lands $2 Billion Development Project in Saudi Arabia
Co- founder, chairman and CEO of Capri Capital Partners, Quintin E Primo III
Capri Capital Partners inked a deal to develop a world class mixed-use commercial and residential project in the Central Business District of King Abdullah Economic City (KAEC) in Saudi Arabia. The deal was signed with Dubai-based publicly traded real estate company, Emaar.
Capri Capital is the first international real estate investment company to be invited to invest in and oversee development within KAEC. The $2 billion real estate development project will feature two luxury full-service five-star hotels; a world-class convention/conference centre and hotel; two Class-A office towers; an enclosed retail centre and two residential condominium towers.
“It’s exciting to be a part of this history as Saudi Arabia begins opening itself up to the world,” said Quintin E Primo III chairman and CEO of Capri Capital Partners.
About Capri Capital Partners, LLC
Capri Capital Partners LLC is one of the country’s leading institutional real estate investment advisory firms, investing and managing commercial real estate properties and portfolios since 1992. Capri offers a broad spectrum of equity and debt products to its customers through separate account and commingled fund vehicles. Diversified assets managed on behalf of its pension fund and other institutional clients totaled $4.8 billion as of March 31, 2008.
