THE MIDDLE EAST’S

5. DAMAC Group
Founder & Chairman: Hussain Sajwani
Established: 1982
Country: U.A.E.
Sajwani established the DAMAC Group in 1982. The group’s investment portfolio spans seven core sectors: real estate, capital markets, hotels and resorts, manufacturing, catering, high-end fashion, and data centers. As of March 2025, DAMAC Properties had delivered over 48,000 units and developed over 50,000, with projects in over 15 countries. Sajwani also announced plans to invest $20 billion in building data centers in the U.S. through EDGNEX Data Centers by DAMAC, with potential plans to double the investment. As of April 2025, Sajwani’s net worth amounted to $10.2 billion.