From Food Business To Real Estate – A Story Of Sheer Determination

Hussain Ali Habib Sajwan is the founder, chairman and CEO of DAMAC Properties. He was born in 1954 into a middle-class family of Dubai. He earned his Bachelors of Economics from the University of Washington. He first served as contract manager at Abu Dhabi Gas Industries (GASCO) after his graduation. He has also served as a member of several boards including Al Ahlia Insurance in Bahrain, Majan University College in Muscat Oman and Emirates Takaful Company.

 

In 1982, he established his own catering business that was contracted by the USA Army, but due to his ambitions, he slowly expanded into real estate, insurance, investments, logistics and commercial trading. Hussain once said that you could only make millions in the catering business but not billions. Hussain is married and has for children. His parents were entrepreneurs. His father used to own a watch and pen store and had an interest in several real estate projects while his mother used to hawk fabric to local ladies. These skills exposed Hussain to a lot of ups and downs in a business. Due to his vigorousness, his net worth is estimated to be $ 3.7 Billion. According to Forbes list, he is the 3rd richest man in the United Arab Emirates and ranked #527 in the world. In 2002 he amalgamated all his ventures to DAMAC Properties Dubai Co.

 

DAMAC Properties Dubai Co. is headquartered in Dubai. DAMAC is a publicly listed company with its shares traded on the Dubai Financial Market. It operates in over 20 countries in the field of property development from residential, leisure and commercial properties with a workforce of over 2000 employees. Some of DAMAC properties include Ocean Heights in Dubai, Park Towers in Dubai International Financial Centre and currently developing AKOYA Oxygen.

 

Hussain Sajwani and Donald Trump (POTUS) are close allies regarding business and personal friends. Hussain was recently invited to the president-elect inauguration party. DAMAC was mainly involved in the development of Trump Estates in Dubai and currently developing Trump International Golf Club in AKOYA Oxygen.

 

Hussain is a renowned philanthropist. In September 2015 he donated $ 272,000 to “YEMEN WE CARE” initiative to fund relief food for 10 million Yemenis. He donated one million AED to the UAE compassion campaign amid at supporting refugees in Lebanon and Jordan affected by snowstorm Huda.

 

 

 

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