Hussain Sajwani, DAMAC Owner and Serial Entrepreneur

Hussain Sajwani is one of the most successful serial entrepreneurs not only in UAE but also globally. Sajwani owns and runs DAMAC Properties a firm that deals with property development. The real estate firm according to Forbes is one of the fastest growing companies in the Middle East region and globally. The DAMAC owner in 2018 featured in the Forbes list of world richest Arabs and was ranked at number four with an estimated net worth of 4.1 billion dollars.

Hussain Sajwani’s life history is that of a man has worked his way out from grass to grace. Sajwani had humble beginnings. His father was a trader who sold items like watches, shirts, and imports from China. Hussain Sajwani was an intelligent boy who performed exceptionally well in school and as a result, received a government scholarship to go and study in the United States of America. Sajwani interests were in engineering and economics which he pursued when he joined the University of Washington.

The DAMAC owner immediately after graduating relocated from the US to his home country where he participated in nation building working in Abu Dhabi Gas industries as a finance officer in 1981. Sajwani after working in the formal sector for two years called it quit and ventured into entrepreneurship. Sajwani started a catering business that is still operational under the name Global Logistics. The catering business from small beginnings has grown over the years and today boasts of serving more than 150,000 meals in a day and running more than 200 projects globally. The catering business clients include the US military personnel in the Middle East and Bechtel among others.

The DAMAC owner owing to increased demand in housing and luxury apartment, in 2002 established DAMAC Properties. The real estate company has grown to be one of the biggest real estate firms in UAE that boasts of developing more than 20,000 luxury apartments including 44,000 units that is still under construction and provides employment to more than 2000 people. Real estate entrepreneur Sajwani as part of his expansion strategy is planning to expand his business interests to China. China is one of the countries in the world with a strong economy and a growing middle-class. These qualities make China a good investment hub for investors like Sajwani.

Relevant post: https://www.albayan.ae/economy/local-market/2018-04-18-1.3240562

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