Damac opens office in Egypt

by ArabianBusiness.com staff writer Saturday, 24 February 2007

Private developer, Damac Properties, has opened its first office in Egypt. The office marks Damac's entry into the Egyptian market following the Gamsha Bay project announcement in December last year.

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"We are delighted to open our first office in Egypt, as it is a key regional market with significant growth potential. This is only the first step along the way to establishing a strong presence for Damac Properties in Egypt," said Hussain Sajwani, chairman and founder of Damac Holding.
"Egypt is blessed with a number of factors such as the natural beauty of its coastlines and easy access to international markets that will help position it as one of the top countries to attract overseas home owners," he added.



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