Ahmed Dahab created his first business before he was 20. Over the years he has created, established and managed businesses in several different sectors, such as Star Neighbourhood and Right Brain in the real estate development sector. Now living in the UK as a successful businessman, he is currently preparing to launch an IPO in the London Stock Market. This is his story.
Building a Conglomerate
Ahmed Dahab is an astute businessman and entrepreneur who currently owns 49 companies and resides in the United Kingdom.
Over the years he has built a conglomerate which spans from the United Kingdom and various European countries such as France, Germany and Spain, to the USA, Dubai, Kuwait and Turkey.
The next phase of his endeavour will be to consolidate 16 of his 49 companies into a single entity, with a view to launch an IPO in the London Stock Market at the end of 2021.
The diversity of these businesses – Real Estate and Luxury Hotel Developments, Properties and Investments, Real Estate Brokerage and Construction, Financial and Management Consultancy, Marketing and Design Applications, Software Business Applications, Online Retailing, and Education and Training Services – showcase the synchronous skill and focussed mindset of an extraordinary individual.
Success From an Early Age
In the interim, he continued to pursue his further education at the Arab University (affiliated with the University of London) and completed his degree in Economics.
He later ventured into other businesses which proved to be extraordinarily successful. This earned him the respect of his backers, who eventually became investors in his other business ventures.
Entering the Real Estate Market
He started to buy land along the Aegean cost of Turkey, adjacent to the Greek coast, where he could apply his vision of high ROI for his investors. The land in southwest Turkey was good value for money; the steel, the concrete and the labour were local; and the tourism industry was booming.
In 2014, his mega-projects in Turkey – Neighbourhood City and Neighbourhood Residence – were launched, with a combined total value of 169 million KWD ($559 million dollars).
Neighbourhood City, which was developed by his real estate development and management company Right Brain, consists of 60 blocks of towers built on a vacant lot. Most of the buildings had 10 floors with four flats each, while the rest of them had 15 floors. The 60 blocks contained 2,500 two-bedroom apartments. There was also an extra piece of land inside the project where 20 more buildings could be built.
Combined with Neighbourhood Residence, also developed by Right Brain, both projects consist of around 3,360 apartments, including a deluxe spa hotel. This five-star hotel is near completion and is expected to be operational in the summer of 2021. Another five-star hotel will be built in Istanbul, Turkey and this project will commence in 2022.
The deal was brave, magnificent, and risky, but once again – thanks to a successful advertising project, and with a new marketing strategy – Ahmed Dahab achieved a massive success.
He later ventured into other businesses which proved to be extraordinarily successful. This earned him respect from his backers, who eventually became investors in his other business ventures. By 2011, the success of his various enterprises elevated his status to the magical millionaire’s club. As his business success continued to flow, he now had the opportunity to move in amongst the country’s elite social circles – the political fraternity and the ruling class – where he made many loyal friends.
Breaking Into the Technology Industry
Now in his early 40s, his investors continue to express their trust by investing money in his new business ideas, which are mainly focused on the technology and software industry.
He is the innovator of various software applications, as well as a technological gadget called `iPedia` which aims to `equalise human intelligence`. He has designed and patented `iPedia` – which is in the production stage – and it is expected to launch in late 2021.
He conducted all of the marketing, financial and legal research for these innovative software and technological projects himself. These projects have started operating in the UK and USA, as well as tens of other European countries.
He also undertook all of the programming with an experienced company and consulted three QCs and financial advisers about the best business formation.