The DAMAC and The Hussain Sajwani Foundations

Hussain Sajwani, an Emirati, was born the early 1950s in Sharjah where his parents operated a watch business, Hussain spent most of his time helping his father run the business. He studied from the University of Washington. Hussain is married and a father to four children, he is also the chairman of DAMAC properties which is a multi-billion company.

DAMAC properties is real estate company founded in 2002 by Hussain Sajwani. DAMAC properties created history as it was the first company in the Middle East to be listed on the London stock exchange (LSE). It was also recognized on Dubai Financial Market (DFM) which is its home exchange. DAMAC Properties has been able to accomplish various projects be it commercial, or residential projects. These projects include; DAMAC hills and AKOYA Oxygen projects which are very popular. Over the years DAMAC properties have been rated as the fastest developing global company by Forbes. This growth rate information was based from 2013- 2018.

Hussain Sajwani believes that you twist a disadvantage to become a benefit, for example, he is not worried about the regional turmoil as the commotion has been of much interest to Dubai. Dubai has been rated by the Global Smart City performance index to be among the top ten safest cities all over the world regarding security and well-being of the people. When other places such as Egypt, Iraq, and Kuwait are affected by wars or political instability, most people run for their lives in Dubai. As a result, Dubai benefits much as the refugees rent places to settle in and also sales increase. There is also lots of foreign exchange which leads to rapid economic growth. Many Somalis have become citizens in Dubai as it is favorable in terms of geographical location and security as compared to Somalia. These Somalis have ventured into import and export of goods.

From this source: https://www.albayan.ae/economy/local-market/2017-12-02-1.3118658

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