Hussein Sajani, the founder of Damac Real Estate, highlighted the company’s strategic entry into the data center sector, which was largely influenced by significant economic shifts following the COVID-19 pandemic. He noted that the surge in e-commerce, remote work, and virtual communication platforms like Zoom has amplified the need for robust digital infrastructure, positioning data centers as a key area for growth.
Since entering this sector in 2021, Damac has successfully established and developed over 15 data center sites globally. Some of these locations are operational, while others are under construction, spanning countries such as Indonesia, Malaysia, Thailand, Turkey, Saudi Arabia, Spain, and Greece. Sajani emphasized the company’s commitment to thorough feasibility studies and meticulous planning prior to market entry, beginning with Saudi Arabia, expanding into Asia in 2023, and planning to move into Europe in 2024, with intentions to penetrate the U.S. market by 2025.
Sajani further elaborated on his business philosophy, asserting that success is often a byproduct of accumulated experiences. He acknowledged that while he has made missteps throughout his career, he does not view these as regrets. He remarked, “There are opportunities that I pursued but later realized were not aligned with my objectives, and perhaps would have presented undue risks.” This perspective underscores his belief in the value of hindsight and the importance of understanding the long-term implications of business decisions.
On his interpretation of success, Sajani stressed the necessity of diligent, continuous effort, urging professionals not to confine themselves to conventional working hours but to exert additional effort when required. He emphasized the need for a harmonious balance between professional responsibilities and personal life. Moreover, he highlighted the significance of thorough knowledge and preparation before entering new markets, advocating for decision-making grounded in comprehensive analysis rather than following in the footsteps of successful peers. Sajani routinely reviews his decisions—either monthly or biannually—to scrutinize any errors and refine his strategies.
In conclusion, Sajani reiterated Damac’s ongoing global expansion objectives, with a pronounced focus on innovation and investment in emerging sectors, particularly data centers. The company is poised to enter the American market in 2025, reinforcing its strategy aimed at bolstering its presence in international markets.
To receive more news, subscribe to our channel on Tilekram
