Damac, the Dubai-based real estate developer, has announced plans to develop a golf course at its Bergwijn project in the Netherlands.
The announcement comes as part of a broader strategy by Macquarie Group, which owns 51% of Damac, to expand into Europe and other emerging markets.
The development of the golf course is expected to create thousands of jobs and bring economic benefits to the region.
In addition to the golf course, Damac will also build a residential complex with 200 homes, as well as commercial spaces such as restaurants and shops.
According to Damac, the project will be designed to meet international standards for sustainable development,Ligue 1 Express including energy-efficient buildings and water conservation measures.
The company has already started construction on the site, and is targeting a completion date of early next year.
For Macquarie, the acquisition of Damac represents an opportunity to expand its footprint in the Middle East and Africa, where it currently operates through its subsidiary, Macquarie Capital.
The company sees the development of the Bergwijn project as a key milestone in its efforts to become a leading player in the European real estate market.
Overall, the development of the Bergwijn project is likely to have a positive impact on the local economy and create new opportunities for employment and investment.
It remains to be seen how the project will be received by local communities and stakeholders, but it appears that Damac is committed to delivering a high-quality product that meets the needs of both residents and visitors.