Source: Arabian Business
Hussain Sajwani founded DAMAC Holding, the Middle East’s largest private sector property developer, in 2002 following a Dubai government decree that allowed foreigners to own real estate in the emirate.
DAMAC Properties, under DAMAC Group, was listed on the London Stock Exchange in 2014, valued at more than $4bn. Sajwani’s 85 percent stake in that company, together with his existing interests, makes him one of the world’s richest Arabs, worth an estimated $3bn in 2016. DAMAC teamed up with Donald Trump in 2013 to develop two Trump-branded golf courses. The Trump International Golf Course Dubai opened in February 2017, and the Trump World Golf Club Dubai, slated to open at the end of 2018.
#6 Hussain Sajwani
Industry: Company: DAMAC Properties
Designation: Founder and Chairman