DAMAC Chairman tours Croatia and receives warm welcome from Croatian President

Published on : Wednesday, July 12, 2017

DAMAC Chairman tours CroatiaDAMAC International Chairman, Hussain Sajwani, was received by Croatian President, Kolinda Grabar-Kitarovic, after a tour of the country where he visited a number of cities popular among tourists along Croatia’s scenic Adriatic coast.


Sajwani said, “It was a pleasure meeting with President Grabar-Kitarovic. We discussed the many investment opportunities that Croatia presents, as it continues to become a hot spot for tourists from all over the world, while providing a business-friendly environment that is attractive to foreign companies. Croatia offers a wide range of travel options that present numerous investment prospects in sectors like coastal residential development, hospitality, leisure, sports and entertainment, as well services targeting inbound visitors. Its ability to continue to attract increasing visitor numbers demonstrates the country’s appeal to a broader traveller base by providing unique experiences, as well as a stable political, economic and social setting that encourages foreign direct investment.”


Croatia is fast becoming a preferred destination among tourists throughout the world, due to its wonderful coastline on the Adriatic Sea. Travel and Tourism continues to be an important contributor to its GDP, accounting for approximately 10.1 per cent in 2016, as per the World Economic Forum’s The Travel & Tourism Competitiveness Report 2017.


DAMAC has delivered more than 18,500 homes and has over 44,000 units in various stages of development. The Company’s path extends across the Middle East with major projects in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, United Kingdom and Oman.


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