The Chairman of Damac Holding Co. LLC, Hussein Sajwani has come a very long way in a relatively short time. His career began in the gas industry with Abu Dhabi Gas Industries Ltd., yet in 1982, after just two years, Sajwani decided to fly solo and establish his own business in Abu Dhabi.
Damac Holding now has over 5000 employees in 16 countries, and the group has grown and evolved from a local catering company to an international conglomerate whose activities encompass property development, insurance, manufacturing, education, securities, investment and commercial trading. Damac Holding operates the largest catering company in the Middle East, the largest privately-held property firm in the Middle East, and is one of the leading insurance providers in Bahrain.
The firm recently revealed that it is planning to launch an IPO within the next three years, and also hopes to expand its projects to a value of US$13.6bn by 2009, as opposed to US$4bn currently.
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