The DAMAC story runs in tandem with the UAE’s success story
Company now employs over 10,000 and touches the lives of hundreds of thousands of
customers
DAMAC has diversified its portfolio to include data centres, retail and fashion among others
Dubai, UAE, 14th December 2022: On the occasion of DAMAC Group’s 40th anniversary,
the conglomerate headed by Emirati businessman Hussain Sajwani, pays tribute to the
Company’s long and prosperous journey.
Starting with humble beginnings in catering and logistics in the 1980s, the DAMAC Group is
now one of the most recognisable and iconic brands in the Middle East.
While more famously known for its development arm, DAMAC Properties, the Company
now has a diverse portfolio which includes Capital Markets, Retail and Fashion, Hospitality,
Logistics and Data Centres.
“Forty years since we began setting up the foundations of DAMAC Group, we can take
pause and proudly look back at the incredible journey that led us to where we are today,”
Sajwani said.
Global Logistics — an industrial catering and logistics business founded in 1982 — has
expanded from the GCC to the Middle East, CIS and Africa and served such prestigious
clients such as ADNOC, GASCO, ADCO, JGC Corporation, The US Airforce, Dubai Port
Authority, QATAR Petroleum, RasGas, Samsung, Shell, Chiyoda Corporation, Sabic, Al
Khafji Joint Operations, Kuwait Oil Co, US Army, British Airforce, United Nations, Petronas
and Maersk.
The business stands strong until today serving 50 million meals annually.
Over the years, DAMAC established various ventures from the dot com boom, to Majan
college in Oman, to acquiring restaurant chains and investing heavily in telecoms. While
some ventures were sold at profit, others still remain in force until today.
The DAMAC Group currently employs more than 10,000 people and touches the lives of
hundreds of thousands of customers. Its towers and skyscrapers have defined the Dubai
skyline in the past 20 years and been among the biggest players of the country’s real estate
boom.
“I never would have imagined that DAMAC would grow to be one of the largest and most
recognised private investment and development companies in the region.
“We are appreciative of the forward-thinking policies of His Highness Sheikh Mohammed
bin Rashid Al Maktoum and all our leaders that keep Dubai and the UAE an attractive place
for investors and end-users alike,” he added.
“I would also like to thank the dedicated and growing team at DAMAC. While some
employees have been with us for decades, we are constantly adding new and fresh talent.
We want to future-proof the Company and keep it relevant, and we need the right people at
the helm to achieve this,” Sajwani said.
The DAMAC story runs in tandem with the UAE’s journey to becoming the world’s foremost
trade, hospitality and lifestyle destination. The success the Company has had in the UAE
has propelled it to expand regionally and even globally. It now has active projects in Asia,
Europe, Africa and North America. It has recently handed over the stunning DAMAC Tower
Nine Elms in the prestigious Zone 1 district of London. It is also planning a branded
condominium project in the upscale neighbourhood of Surfside Miami and a luxury resort in
the Maldives run by Mandarin Oriental.
Among its most auspicious achievements has been the acquisition of famous iconic luxury
brands such as the Italian fashion house Roberto Cavalli and the Swiss jeweller de
GRISOGONO.
“No matter what industry we go into and what project we take on, our vision is centered on
luxury. The DAMAC name has become synonymous with premium products and
experiences, and we continue to set the highest bar with our new enterprises,” Sajwani
concluded.
