An Emirati billionair, Hussain Sajwani is a property developer and the founder of DAMAC Properties. Known for his real estate development, the DAMAC owner was listed by Forbes in 2018 as the number 4 wealthiest Arab in the world, having a net worth of $4.1 billion.
Hussain Sajwani earned a bachelor’s degree from the University of Washington in Industrial Engineering and Economics. He was among the first students to earn a scholarship that granted him the opportunity to study in the United States, which resulted in him earning his degree. He founded DAMAC in 2002, and throughout the years the company developed more than 19,000 apartments, being one of the largest companies that deals with property development in the Middle East. In 2015, the company became publicly-traded and was listed on the Dubai Financial Market. Prior to founding DAMAC properties, Sajwani worked for Abu Dhabi Gas Industries in 1981, and also started a catering business which is now known as Global Logistics Services.
The DAMAC Owner also created the joint venture Hussain Sajwani – DAMAC Foundation which aims to offer support to the ‘One Million Arab Coders’ initiative. The initiative was started by Sheikh Mohammed bin Rashid Al Maktoum, and its mission is to equip the young generation with the language of the future. The program aims to offer free software development training to one million members of the Arab community, helping its students gain the necessary skills in the field of coding in order to further develop the digital economy. According to roayahnews.com, the program offers Front End Web Development, Data Analytics, App Development, and Full Stack Web Development, and it also aims to help Arabs earn employment opportunities in the tech field. The three stages of the program are: registration, completion of various three-month coding programs, and during the final stage the top 1,000 coders compete, with the winner earning $1 million.
The home-grown DAMAC also aims to offer back to the community in which it operates, by engaging in various philanthropic activities throughout the years. They support a number of organizations that focus on education, including Emirates Red Crescent, and Dubai Cares.
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