Hussain Ali Sajwani, born in Dubai in 1956, is a UAE national and Chairman and Founder of Damac Holding, a multi-billion dollar conglomerate

Conglomerate (company)

A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...

 based in Dubai

Dubai

Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...

.
Mr. Sajwani also holds Chairmanship in several other companies such as Al Ahlia Insurance, Al Amanah Building Materials and Al Jazeera Services.

Being evaluated at over $2.5 Billion, by the Arabian Business

Arabian Business

Arabian Business is the Middle East's best selling weekly business magazine. The magazine focuses on the English and Arabic speaking communities and is published in both languages.-Arabian Business:Arabian Business is audited by BPA Worldwide...

 Richest Arabs list, he is among the richest UAE

United Arab Emirates

The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...

 nationals. Sajwani is also amongst the most influential UAE nationals as he was ranked among the 100 most influential people in the Arab world

Arab world

The Arab world refers to Arabic-speaking states, territories and populations in North Africa, Western Asia and elsewhere.The standard definition of the Arab world comprises the 22 states and territories of the Arab League stretching from the Atlantic Ocean in the west to the Arabian Sea in the...

.

Unlike most UAE based Real Estate Development

Real estate development

Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...

 companies, Damac Properties, the development arm of Damac Holding, survived the recession

Recession

In economics, a recession is a business cycle contraction, a general slowdown in economic activity. During recessions, many macroeconomic indicators vary in a similar way...

 that Dubai faced in 2008 and has come out strong as the largest and most stable private property developer in the Middle East

Middle East

The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...

.

Hussain Sajwani has businesses in many different countries. His companies property development arm, Damac Properties, has projects spanning from Lebanon

Lebanon

Lebanon , officially the Republic of LebanonRepublic of Lebanon is the most common term used by Lebanese government agencies. The term Lebanese Republic, a literal translation of the official Arabic and French names that is not used in today's world. Arabic is the most common language spoken among...

 to China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

 and is currently one of the largest development companies in Egypt

Egypt

Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...

 . Sajwani also owns an investment company, Damac Investments, as well as one of the largest catering

Catering

Catering is the business of providing foodservice at a remote site or a site such as a hotel, public house , or other location.-Mobile catering:A mobile caterer serves food directly from a vehicle or cart that is designed for the purpose...

 companies in the middle east, Damac Catering Services.

Damac Properties recently launched "DAMAC TOWER" in Beirut

Beirut

Beirut is the capital and largest city of Lebanon, with a population ranging from 1 million to more than 2 million . Located on a peninsula at the midpoint of Lebanon's Mediterranean coastline, it serves as the country's largest and main seaport, and also forms the Beirut Metropolitan...

, Lebanon. The tower is in partnership with Versace

Versace

Gianni Versace S.p.A. , usually referred to as Versace, is an Italian fashion label founded by Gianni Versace in 1978.The first Versace boutique was opened in Milan's Via della Spiga in 1978, and its popularity was immediate. Today, Versace is one of the world's leading international fashion houses...

, worlds leading fashion designer, and among the first of many future planned projects with Versace. Damac is the first property developer based in Dubai to launch a project in over 20 months, proving again that it is the leading private property developer in the Middle East.