Africa-Press – Angola. The leading real estate company in the United Arab Emirates (UAE), DAMAC Properties, which has already won first place on Forbes’ Global 2000 Growth Champions list, is interested in spending hundreds of millions of dollars on real estate construction, announced this Thursday, in Luanda, its president, Hussain Sajwani, after leaving the audience granted by the President of the Republic, João Lourenço, in Cidade Alta.
Hussain Sajwani stressed that he had come to speak to the President of the Republic of his intention to carry out an exploratory study, in order to find investment opportunities in various areas of the Angolan State, with emphasis on high-class construction, residential areas, hotels, offices, fields golf courses and other establishments.
“The main objective of this trip to Angola, which I consider to be a great success, was to have this first meeting with the President of the Republic, a person we respect a lot, for having a very broad vision, on the one hand, and for being a person that we value, for its political qualities”, stressed the businessman.
DAMAC Properties has a service record of universal importance in the field of civil construction, having been recognized in the global market as the fastest growing company in the world, an enviable performance, whose services the owner now wants to share with businessmen present in the national market.
The 69-year-old billionaire businessman confessed that he chose Angola to host the reputable investment, “because it is a very prominent country in Southern and Central Africa, but also because it has a very visionary leadership”. . That’s why we want to do first-class and high-level business here”, said the businessman.
Regarding the curiosity, raised by the press, regarding the value to be applied in the country, Hussain Sajwani replied: “It is still premature to advance the exact amount, but we are sure that when the investments start to happen, they will be in the order of hundreds of millions dollars”, he pointed out.
The businessman, born in 1953 and an Emirati billionaire, is the founder of the real estate development company DAMAC Properties and the DICO group, a kind of investment fund. Sajwani was listed among the 100 most influential Arabs in the world, by Gulf Business, for three years, namely in 2017, 2018 and 2020, a distinction dedicated to the 100 most powerful of Arabian Business in 2018 and 2019.
According to Forbes magazine, in April 2021, the businessman was ranked among the 10 richest Arabs, with a net worth valued at USD 2.5 billion. Hussain Sajwani began his career in 1981 at the Finance Department of Abu Dhabi Gas Industries and, two years later, took on the challenge of starting a catering business, with a clientele divided between the US military and Bechtel.
DAMAC has delivered around 27,400 homes since its inception and has over 35,000 units in various stages of development.
In October 2011, the company launched its hospitality division, ‘DAMAC Maison Hotels & Resorts’, and in 2015 it was publicly listed on the Dubai financial market.
Some of the projects developed by DAMAC Properties include a golf course, designed by Tiger Woods and managed by The Trump Organization, luxury apartments with interiors by Italian fashion houses Versace, Fendi and Roberto Cavalli, as well as brands such as Paramount Hotels and Resorts. , in partnership with Paramount Pictures. Sajwani invested $600 million in London, UK through Versace-branded DAMAC Tower London in Nine Elms.
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