Hussain Sajwani: Dubais Advantage During Conflicts
The city of Dubai in the United Arab Emirates is one of the most important economic centers in the Middle East. The city is ranked as one of the richest and safest, according to a variety of sources. Hussain Sajwani, a wealthy Emirati businessman who founded DAMAC Properties, helped transform Dubai to become the wealthy emirate known today. Through DAMAC Properties, Hussain Sajwani was able to construct high rises, like residential and commercial spaces, and selling them to investors who wanted to build up a business in the city. The government should also be credited for their initiative to make Dubai a commercial center for the region. They began the project of transforming the city in 2002, and many Emirate businesspeople participated. Many buildings and roads were constructed, along with seaports and airports which allowed the flow of resources into the city.
Hussain Sajwani stated that the present city of Dubai is a lot different than what it used to be. Before, the city was just a small community in the middle of the desert, but thanks to continuous investments and they started to build a premier cityscape that ranks as the top destination for investors who wanted to do business in the Middle East. Real estate developer Hussain Sajwani also revealed that the instability of the Middle East does not disrupt the economic performance of Dubai, but instead, it strengthens the businesses in the city, especially with the influx of new people who are willing to do business in the city. One of the most recent examples that he cited would be the Persian Gulf Wars. The invasion of Kuwait during this period sent thousands of Kuwaitis fleeing their homeland, looking for security in Dubai. As per youm7.com, these people contributed so much to the city’s economy, purchasing their new homes and opening their businesses to contribute to the city’s economy. Another example would be the war in Somalia, which sent most of their businesses in Dubai.
Despite the advantages gained by Dubai from these conflicts in the Middle East, Hussain Sajwani is still hoping for peace to come into the region, so that the economic transformation of Dubai would also be felt in adjacent places.