From Dubai to Istanbul – Damsco Group: A bridge of Investments in the Middle East
The chairman of Damsco Group, Mr. Mohannad Fayez Al Masre, presided the Group’s delegation to the “Badeer First Conference for Business and Investment Opportunities” held in Istanbul on the 5th and 6th of December, 2018, at the Hilton Hotel in Bomonti, Istanbul.
The conference was sponsored by Damsco Group – Dubai, under the patronage of the Turkish Presidency Office and the Turkish Ministry of Commerce and Basic Care.
More than 150 investors from 58 countries attended the conference that listed 150 projects worth $3 billion, covering the sectors of tourism, energy, industry, advanced technologies, defense, construction, health, agriculture and livestock.
Damsco Group’s Timeline of Achievements:
Established In: Damascus, 2004.
First Investments: Stock Exchange Market, Main Foods Commodities Trade, Trade of Motor Oils and accessories.
First Expansion: Baghdad, 2008.
Expansion of Investments to: The oil and energy sectors, as well as bidding in food tenders.
Second Expansion: Dubai, 2011.
Second Expansion of Investments to: The real estate market, media marketing and organizing government events.
Third Expansion: Istanbul, 2017.
Third Expansion of Investments: (in addition to the previous investments) electric power generation enterprise, trading of minerals and oil derivatives.
During the four years following its establishment in Damascus, the company was able to register a remarkable growth in its revenues. The Chairman of the Board of Directors, Mr. Mohannad Al Masre, opened a company branch in Baghdad in 2008 to add new investments in Iraq.
In 2011, the group entered the UAE’s competitive arena by opening an office in Dubai, followed by another branch in Istanbul, Europe, in 2017.
Damsco Group at Badeer Conference
The group’s pavilion attracted participants and visitors from different businesses and industries, as well as the media and other interested parties. The visitors observed the Group’s projects and investments in the Middle East and Turkey.
Mr. Mohannad Al Masre, Chairman of the Group, delivered the Group’s speech at the opening of the conference, in which he mentioned Damsco Group’s accomplishments in the Middle East and its successive achievements in various investment fields. He stressed the importance of the Badeer Conference as a platform for communication between Arab and Turkish entrepreneurs to venture into joint economic projects, adding that this initiative offers investment opportunities for foreign companies in Turkey.
Badeer Conference – Goals and Expectations
The conference seeks to increase direct foreign investments in Turkey and better equip them. According to the conference organizers, the Badeer platform will provide accurate information to foreign investors about the investment environment in Turkey and theproject-based incentive system, providing project consultation and facilitation, in a healthy environment that brings together local and foreign investors within a sound participatory structure, which will ensure the successful implementation of the proposed projects.
The Badeer Conference is an economic platform established by the efforts of Arab and Turkish entrepreneurs in Istanbul, in 2017.