Daman Investments has established an innovative fund devoted to building a significant collection of Arab and Middle Eastern Art.

Speaking on behalf of Daman, the group CEO Shehab Gargash, said: “The increased prominence of Dubai and the UAE as a center for exciting and often new contemporary Arab and Middle Eastern art indicates that our belief in this kind of initiative is not purely emotional but based in sound business judgment.  Similar funds in other parts of the world have proven their value far beyond expectations.' 
 
“There is no doubt that Dubai and the UAE are at the very centre of a new awareness of the emergence of a new Arab art renaissance and we are pleased that our fund is in step with the overall vision of the country,” he said. - TradeArabia News Service