Dubai’s Damac Explores €1 Billion in Tech Investments in Germany

Billionaire Hussain Sajwani’s Damac Group is exploring investment opportunities worth €1 billion in Germany as part of the Dubai firm’s expansion into technology.

Damac is interested in data centers and tech-related investments and is in the process of identifying partners, according to a statement. “I see a lot of opportunity and potential, especially in Eastern Germany that I would like to explore and learn more,” Chairman Sajwani said.

Privately-held Damac, which focuses primarily on real estate in Dubai, has been diversifying into sectors such as technology and fashion. The company in May purchased De Grisogono SA, a Swiss luxury ...