Who is Behzad Ferdows?
Behzad Ferdows, a visionary leader, brings a professional experience of over 25 years as a business entrepreneur with a solid track record in the Construction and Manufacturing industry in the Middle East, Europe, and Africa.
Behzad is passionate about advancing environmentally friendly construction practises in addition to his philanthropic work.
His father Behrouz Ferdows (1950-2021) and mother, Marianne Schaufler Ferdows, who is still alive, welcomed him into the world as their son. His family roots can be traced back to Iran, Germany, and Switzerland.
Behzad’s father was a major businessman in Iran and was known as one of the country’s most successful entrepreneurs. Behrouz Manuel Ferdows and his brother Mehrzad Manuel Ferdows, both of whom were born in 1971, were successful in establishing one of the most successful automobile enterprises in Iran.
After Behrouz’s passing in 2021, highly respected Iranian businessmen bestowed upon him the title of “Father of Industry of Iran,” which he had earned during his lifetime.
In 1992, he received his Bachelor of Science in Industrial and Systems Engineering degree, and on the night of his graduation, he boarded a flight to Tehran. After arriving at three in the morning, he and his father got into the car and drove to an old chicken farm, which they had transformed into a new factory producing trailers, sandwich panels, and portacabins.
Behzad Ferdows was granted a chicken farm, which he transformed into the most cutting-edge trailer plant in the Middle East, eventually increasing its production capacity to six trailers every single day. During those two years, Behzad managed the factory while his father oversaw operations at the company’s head office.
Behzad made the decision to relocate to Dubai, United Arab Emirates, in 1994 so that he could construct factories catering to markets in the middle east. Meanwhile, his father remained in Iran to continue running the plant and supplying the Iranian market.
Behzad began his professional life in Dubai by leasing an industrial building and producing trailers on a modest scale. It was possible for him to more than double his annual sales while at the same time expanding his production capacity.
Behzad Ferdows has worked in these industries in Europe, Africa, and the Middle East.
Mammut Building Systems, which specializes in the production of pre-engineered steel buildings, was established by him in 1998. Both businesses possessed the most advanced technological capabilities and operational efficiencies of any manufacturers in the Middle East, and they distributed their wares to markets spanning from that region to Africa.
In 2006, Daniel completed the sale of his shares in Mammut Building Systems to Emaar Investments. Subsequently, he continued to expand the Mammut Group’s operations in Dubai by constructing the largest concrete precast factory in the world there.
After that, he moved into turnkey construction projects, and by the year 2008, he had over 8,000 employees and a revenue of more than one billion dollars.
He made the decision to go public with the company in the summer of 2008, at which time the construction group was estimated to be worth more than DHM 2.5 billion (about USD 680 million).
Unfortuitously, the beginning of the global financial crisis occurred not long after the evaluation and while the company was still in the process of taking the early steps toward completing the IPO.
The initial public offering (IPO) was called off after the collapse of practically all stock markets and the restructuring of the global banking system. As a result, the company had to start the process of pursuing late payments from its customers.
It took nearly a decade and a half to collect the hundreds of millions of dollars that were owed to the corporation, and the amounts will continue to be paid in installments until 2028. In 2018, Daniel sold the precast firm known as Mammut Technocrete and stopped all construction-related work in the same year.
After that, he came to the conclusion that he would establish a family office with the money from the sale of the firms and use it to make investments in real estate and cryptocurrency.
In the year 2020, he began mining Bitcoin and simultaneously expanded his financial portfolio to include other blockchain investments. During the administration of Donald Trump, the Office of Foreign Assets Control (OFAC) sanctioned him, his brother Mehrzad, and Mammut Industrial Group (MIG) in Iran since he inherited shares of MIG from his father. This occurred in the year 2020.
In an effort to exert pressure on the Iranian government, the Trump administration imposed sanctions on 1,500 additional businesses in addition to the country’s entire banking sector and steel industry. Behzad Daniel Ferdows was punished even though he played no role in the management of MIG and was merely a shareholder as a result of an inheritance.
This was the sole reason for the punishment. Sanctions were placed against Mammut Industrial Group because it is one of the largest companies in Iran and because it was targeted in an effort to put pressure on the Iranian economy.
The first company to be taken from the list by the new administration of Vice President Joe Biden was Behzad, Mehrzad, and Mammut Industrial Group since there was no proof that they had committed any violation.
To this day, Behzad Daniel Ferdows is maintaining both the family office and the investments he manages, in addition to continuing his work in the charitable sector. His primary focus in the investment industry is on emerging markets such as blockchain, AI, and other related technologies.