Damac Properties GM reveals plans for Saudi expansion - Arabianbusiness:
Dubai-based property developer Damac Properties is looking to expand into Saudi Arabia.
Ali Sajwani, general manager of operations, who has a strategic overview of the UAE and international businesses, revealed in an interview with Saudi publication Arab News, that the kingdom is very much part of the company’s future plans.
The 28-year-old said: “Over the next five years, under [Crown Prince] Mohammed bin Salman, it (Saudi) has all the right ingredients – a visionary leader pushing the country and opening it up to foreign investors.”
He added: “We’re speaking to people all the time in Saudi Arabia – developers, the authorities and landowners. We’re actively exploring that market and visit there regularly.”
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