Hussain Sajwani is a property developer, founder, and chair of DAMAC properties. He attended the University of Washington getting a degree in Economics and Industrial Engineering through a government scholarship. The DAMAC owner began his career at Abu Dhabi Gas Industries serving in the finance department as a contract manager. He started Global Logistics Services two years later with its clients including Bechtel and the U.S military. Hussain established the DAMAC properties in 2002, and it has grown to be among the renowned property development firms in the Middle East.
Based on its compound annual revenue growth rates between 2013 and 2015, DAMAC Properties was ranked position one among the fastest growing international firms on the Forbes 2017 Global 2000 list. The DAMAC owner was listed as 4th richest Arab in the Forbes 2018 ranking with $4.1 billion net worth.
DAMAC Properties is committed to giving back to the community as a homegrown company. Sajwani family has incorporated philanthropy in their values and beliefs. Hussain Sajwani in collaboration with the DAMAC Group support numerous organization such as the Dar Al Ber Society, Dubai Cares, and the Emirates Red Crescent. DAMAC owner aims at creating a sustainable future for the next generation.
The Hussain Sajwani-DAMAC Foundation targets at empowering the people across the Arab world by supporting “One Million Arab Coders Initiative” an education program that has a significant impact on society socially. This will be through the empowerment of one million Arabs with technical expertise and skills necessary for future jobs.
According to dubai.dubizzle.com, the program is organized into several phases for two years with programming curriculum and specialized software presented after three months. So far, the updates have included the conclusion of the first cohort on 23rd April 2018 that enrolled over 100,000 students, opening of the second cohort on the initiative’s website and each cohort will run for three months.
Tutors and students can choose to specialize in either App development, Front Web Development, Full Stack Web Development or Data Analytics. In future, the foundation aims to assess on the gaps in the community to improve livelihood and contribute towards sustainability of the Arab population.