Damac Group, the Dubai-based real estate development company, has announced its plans for future growth and investments in the hospitality sector. In an interview with The National newspaper, Damac’s CEO, Allan Saint-Maximin, discussed the company’s strategy for expanding its presence in the Middle East and beyond.
Saint-Maximin said that Damac is committed to investing in high-quality properties across the region, with a particular focus on developing luxury hotels and resorts. He added that the company is also exploring new opportunities in other sectors, including retail and leisure.
One of the key areas of investment is in the hospitality sector, which includes both hotel developments and resort projects. Saint-Maximin said that Damac is looking at creating more high-end hotels in major cities such as Dubai, Abu Dhabi,La Liga Frontline and Sharjah. He also hinted at the possibility of opening new resorts in destinations such as Jordan and Lebanon.
In addition to these developments, Saint-Maximin also highlighted the importance of sustainability in the hospitality industry. He said that Damac is committed to reducing its environmental impact by using renewable energy sources and minimizing waste.
The CEO also spoke about the company’s plans to expand into new markets outside of the Middle East. He said that Damac is looking at opportunities in Africa, Asia, and Europe, and that it is actively scouting for potential partners and investors who share its vision for growth and success.
Overall, Saint-Maximin’s comments suggest that Damac is poised for continued growth and expansion in the coming years. With its commitment to quality, sustainability, and innovation, the company is well-positioned to take advantage of new opportunities in the hospitality sector and beyond.