Hussain Sajwani, the DAMAC owner, was born in 1952 in the Emirates. He is a billionaire who ventures in property development. In 2017, Forbes ranked DAMAC Properties as number one out of 2000 companies. The fastest growing companies globally are featured on the list, and it is from the revenue growth rate between 2013 and 2016. DAMAC owner Hussain Sajwani studied and graduated from the University of Washington (UW). Hussain Sajwain began his career in GASCO as a manager overseeing contracts. He worked for a few years and started his business in 1982. The business was a catering venture targeting customers from the US military. The company is still operational to date and operates by the name Global Logistics Services.
Hussain Sajwani founded DAMAC Properties in 2002. He is the chairman and a significant shareholder of the company. DAMAC Properties provides luxury experiences in the real estate business. The company offers high-end luxury projects that compete with other companies venturing in the same industry.
DAMAC Properties has managed to grow and become one of the best in the luxury property development business. Most of the company’s projects have been adopted in the GCC, The United Kingdom, and the broader Middle East. The company has a passion for high quality and eye-catching designs. DAAC Properties has built a reputation for designing iconic properties in the Middle East.
The “One Million Arab Coders” Initiative
In 2017, The DAMAC Foundation, sponsored by Hussain Sajawani aims at empowering people in the Arab region through supporting the ‘One Million Arab Coders’ Initiative. The programme is an education initiative with the aim to empower more than 1 million Arabs by equipping them with technical skills and expertise that prepares them for the future technological advancement. Software development is one of the free training offered through the ‘One Million Arab Coders’ Initiative.
Nine Elms Property Limited is Part of DAMAC Properties.
DAMAC owner through his company got into a joint venture with Dubai Co PJSC, and they came up with Elms Property Limited. DAMAC Properties owns 80% of the company. Elms Property Limited has ventured into London and is set to establish itself in the United Kingdom.
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