Hussain Sajwani is a well-known businessman from the U.A.E. He is the CEO, Executive Chairman, and the Founder of DAMAC Properties. His entrepreneurial adventure started at the age of 3 at his father’s shop. However, it seems the harsh experience drove him away from the business world, and he opted to study medicine in a medical college in Baghdad. After the first year of study, Sajwani changed his mind and he went to study engineering in the United States of America.
While studying, Sajwani rediscovered his entrepreneurial talents, and he sold timeshare products in Dubai in his final year of study. This was one of his early business ventures. Over the years, Hussain has become an outstanding business leader in real estate and property industry. As a result of his excellent performance, he has been listed among the 50 richest Arabs in the world by Arabian Business, with a net worth of $2.1 billion.
DAMAC Properties is one of the leading private developers in the U.A.E. The reputable company is expanding quickly to serve Jordan, Lebanon, Qatar, North Africa, and the Far East. Established in 1992, DAMAC Properties has more than 2,000 employees that serve in hospitality, investment, logistics, real estate development, and commercial trading. Sajwani has built his empire from scratch. He started it as a small catering service company and he has managed it effectively into a multinational corporation.
Hussain Sajwani graduated in 1981 with a Bachelor of Science degree in Economics and Industrial Engineering from the University of Washington. After graduating, he was employed as a Contracts Manager in GASCO, a subsidiary of Abu Dhabi National Company, and in 1982 he launched his own business – Dariah Management Services Co (DAMAC) LLC, which later became DAMAC Properties.
In 1992, Sajwani established DICO Invest, which presently holds investment portfolios of securities in various companies in the global markets. In addition, he has set up other businesses such as Al Anwar Ceramic Tiles Co., Al Amana Building Materials, and Al Jazeira Services that offers Catering and hospitality services. His ability to initiate and manage numerous businesses effectively proves that one determined business leader can bring the desired change in the world.