The economy of the Middle East has relied on the oil and gas industries for the majority of the 20th and 21st-centuries, but an evolving economy means entrepreneurs such as DAMAC’s Hussain Sajwani are looking to promote diverse business opportunities. Hussain Sajwani believes the technology sector will become important to the economy of the Middle East as a whole with his home nation of the UAE leading the move to a technology-based industry. As the United Arab Emirates makes the move into space, CEO Hussain Sajwani hopes DAMAC’s sponsorship of the “One Million Arab Coders” initiative will aid the modernization of the economy.
Real estate developer Hussain Sajwani has stated on numerous occasions the philanthropic arm of his business, the DAMAC Foundation will continue to support the development of new areas of expertise designed to improve the community. One of the most important areas of improvement for Hussain Sajwani is in the modernization of the economy with the “One Million Arab Coders” event allowing young people to learn computer coding to enhance their own futures. The knock-on effect will be felt throughout the economy of the Middle East as more companies look to the region for their technology needs.
Hussain Sajwani established DAMAC Properties in 2002 but had already proven himself a business success with his a catering services company providing meals for workers and military personnel. The brand proved such a success for Hussain Sajwani, both he and DAMAC were honored with awards from the U.S. Military for the good work done providing meals for personnel during the Gulf Wars. DAMAC Properties under the leadership of Hussain Sajwani has continued to assist in the development of the economy of the Middle East which has continued to grow and become more diverse over the course of the last decade. DAMAC Properties owner Hussain Sajwani (@hussainsajwani) believes it is his responsibility to assist in the development of the United Arab Emirates economy as one of the most respected members of the community.
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