Dubai’s Damac eyes expansions in Saudi market

15/08/2018 Argaam

 

Dubai-listed Damac Properties Co. plans to expand its business in Saudi Arabia as it is a significant market, Adil Taqi, the company’s chief financial officer, told CNBC Arabia.

 

However, the real estate developer does not plan to enter any other regional markets as its Dubai business generates a profit margin of at least 40 percent, a rate hard to achieve in other regional markets, Taqi added.

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