The Dubai-based DAMAC Group has declared it is looking into investment opportunities in Germany with a potential investment of up to €1 billion.
The announcement was made on Hussain Sajwani’s personal Instagram account. The DAMAC Group is well-known for its real estate development in the Middle East and throughout the world and is looking for opportunities in the real estate and technology sectors, and the business is currently fact-finding in Germany to learn more about the market and potentially find cooperative partners.
“ Germany is currently in a very interesting period, particularly for future-oriented industries, and the country offers numerous opportunities in fields such as data centres.I would like to explore and learn more about the opportunities and potential I see, particularly in Eastern Germany, said Sajwan ”
With the launch of Edgnex in 2021, DAMAC entered the data centre industry. Edgnex is a global provider of digital infrastructure that seeks out and finances the upcoming digital hubs.
The business declared the following year that it would enable cryptocurrency transactions and would also launch D-Labs, a business that would create digital cities in the metaverse.
In addition to real estate, the DAMAC Group has a wide range of businesses in its portfolio, such as capital markets, data centres, hotels, fashion, and retail.
Sajwani acquired both the renowned Italian fashion powerhouse Roberto Cavalli and the renowned Swiss jeweller de Grisogono in recent years with the intention of modernising the brands for a younger clientele while preserving their cherished legacies.
The Trump Organization, Paramount, Radisson, Rotana, Fendi Casa, Versace Home, and Mandarin Oriental are just a few of the strong brands with which DAMAC Group has worked on real estate projects.
This collaboration highlights the company’s influence and relationships around the world.
Among many other honours, the most powerful Arabs is known to be Sajwani. In the United Arab Emirates, he also built the Trump International Golf Course and is close with former US President Donald Trump in business.
The 50-story DAMAC Towers Nine Elms, a flagship development in the heart of London with Versace interiors, is one of DAMAC’s international projects.
Further afield, DAMAC is also building in Toronto in collaboration with Canadian developer Marlin Spring, and recently purchased grade A, sea-facing land in the affluent neighbourhood of Surfside in Miami Florida to construct an iconic tower with the Cavalli brand.
“ The Middle East has long regarded and recognised DAMAC, but in recent years, thanks to initiatives in Europe, Canada, and the United States, we have gained international attention. We are showcasing our various advantages on the world market more and more ” – Sajwani said.
News Source – DAMAC
