Dubai-based Damac International chairman Hussain Sajwani discussed tourism investment opportunities in Croatia during a meeting with  Croatian President Kolinda Grabar-Kitarović in Zagreb yesterday.

The high-level meeting followed a tour of the country by Sajwani, who visited a number of cities popular among tourists along Croatia's scenic Adriatic coast.

"It was a pleasure meeting with President Grabar-Kitarović. 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," said Sajwani.

"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 becoming a hot spot destination for global tourists, thanks to its impressive coastline on the Adriatic Sea. Travel and tourism continues to be a key contributor to its GDP, accounting for approximately 10.1 per cent in 2016, according to the World Economic Forum's  Travel & Tourism Competitiveness Report 2017.

Damac continues to explore expansion opportunities in gateway cities and travel destinations across Europe, following the success of its 50-storey Aykon London One residential development in the United Kingdom, which has already pre-sold over 45 per cent, said a statement.

Aykon London One is set to become one of London's most prestigious addresses and the first in Europe to be designed in partnership with Versace Home.

Last month, Damac was chosen by the Government of Oman to redevelop its Port Sultan Qaboos in Muscat, a historic $1 billion master development project which will see the port transformed into an integrated tourist port and lifestyle destination that includes hotels, residences, as well as a dining, retail and leisure offering.

Damac has delivered more than 18,500 homes and has over 44,000 units in various stages of development. - TradeArabia News Service