Hussain Sajwani, the chairman of Damac Properties, one of the United Arab Emirate’s largest private real estate developers, sought to downplay the…
Hussain Sajwani, the chairman of Damac Properties, one of the United Arab Emirate's largest private real estate developers, sought to downplay the severity of flooding in the country earlier this month.
Hussain Sajwani, the chairman of Damac Properties, one of the United Arab Emirate's largest private real estate developers, sought to downplay the severity of flooding in the country earlier this month, saying there were only"pockets of problems." "I think the subject was overexaggerated, honestly," he told CNBC's Dan Murphy on Sunday, speaking at the World Economic Forum's"Special Meeting on Global Collaboration, Growth and Energy for Development" in Riyadh, Saudi Arabia.
"There were pockets of problems, I'm not saying no, but it was overly exaggerated ... Any country, I mean, you see floods and things like that happen in Miami regularly and houses get destroyed and people get evacuated. That's today with the environment changing. Everywhere in the world you're getting those kinds of storms, OK, and Dubai has been hit with that. But they managed it very well," he said.
The country's cleanup efforts are still ongoing. One multistory apartment building near the border of Dubai and the emirate of Sharjahthat it had worked around the clock with the local government authorities to help residents, deploying several tankers to collect floodwaters.
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