Home lists Top 100 most powerful Arabs 2022 Hussain Sajwani Founder, Damac Properties Origin: UAE Residence: UAE Sector: Real Estate The extraordinary growth of Damac can be attributed to the exemplary vision and entrepreneurial skills of Sajwani. As founder of Damac and DICO Group, Sajwani is a key figure in the Dubai’s property market. In 2002, he identified the market opportunity and established DAMAC Properties, which has grown to become one of the largest property development companies in the Middle East. The company has built prestigious projects in Dubai, Abu Dhabi, Doha, Amman, Beirut, Jeddah, Riyadh and London. The DICO Group’s global footprint extends across North America, Europe, Asia, Middle East and Africa. DICO Investments Co, his flagship investment company, focuses on investments in private equities, mergers and acquisitions, and holds majority and minority stakes in publicly traded companies in diverse sectors.