DAMAC Owner: A Look at His Vast Business Portfolio and Philanthropic Efforts

Husain Sajwani is among the notable property developers in the UAE and more importantly Dubai. The billionaire serves as the chairperson and founder of DAMAC Properties, a successful luxury real estate development company that took the first position on the Forbes 2017 Global 2000 list of the fastest growing entities globally.

DAMAC owner Hussain Sajwani boasts a stellar business portfolio with several companies under his belt. DICO Investments Co LLC operates as his investment arm. It was founded back in 1992 with about AED 3 billion worth of assets under management across UAE. The investments are subdivided into four main areas including long-term investments in fast-growing banks, ownership of subsidiaries in growth industries among others.

The DAMAC owner has significant interests in the property development and real estate space. Some of his investments in this industry include the Nine EKs Property Limited, a venture between Sajwani and his company DAMAC Properties Dubai Co. He is also behind the AYKON Maldives Resort, which is a holiday destination set on a reclaimed island in the Maldives.

Sajwani also has his investment foot in the building materials and construction space thanks Al Anwar Ceramic Tiles Co SAOG, whereby the DAMAC owner acts as the company ’s chairperson. Al Anwar Ceramic Tiles Co prides itself on being the largest and first manufacturer of ceramic tiles in Oman

When it comes to his interest in catering, Sajwani is a majority shareholder of the Al Jazeira Services Company SAOG, an Omani Joint Stock company. Apart from being listed on the Muscat Securities Market, the company has an extensive shareholder base that includes brokerage houses, pension funds among others.

The One Million Arab Coders Initiative

Hussain Sajwani is behind the creation of DAMAC foundation, a joint venture between himself and DAMAC Properties. Recently, he was a signatory to a partnership memorandum to support the One Million Arab Coders Initiative. The initiative was unveiled by Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, to offer free programming training for a million young Arabs in an effort to empower them with coding, the language of the future and open opportunities for them.

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