Hussain Sajwani: The Man behind Middle East’s Largest Property Development Company

Hussain Sajwani can best be described as a born-entrepreneur. How do I mean? Here is a man, the eldest son of a Dubai middle-class family of 5 children. He practically demonstrated his business instinct at the young age of 3 giving helping hands to his father in a watch shop.

This pleasant young child never looked back since then as he keeps polishing his God-given talent to the extent of obtaining a B. Sc. in Economics and Industrial Engineering from the University of Washington in 1981.

Sajwani wasted no time after leaving the University engaging himself in one of the Abu Dhabi National Oil (ADNOC)’s subsidiary by the name GASCO as a Contracts Manager. He wanted to run a business of his own, so he left GASCO and established a catering venture.

His understanding that most great business empires started small and astute business acumen help him build the catering division to a status of a market leader serving well over 150,000 meals per day and managing over 200 projects at the same time in many Middle East, African and CIS countries. Read more: DAMAC Chairman Relishes His Roots | The National

By 2002, he was already pregnant with another brilliant business idea that led to the birth of DAMAC Properties, now the undisputable leading property development company in the whole Middle East.

. Prestigious projects executed by the DAMAC owner are in most developed and developing countries, particularly in key global cities such as London, Riyadh, Jeddah, Beirut, Amman, Doha, Dhabi, Abu and Dubai.

DAMAC Properties is a major publicly-listed company with nearly 2000 employees. The company’s shares enjoy increasing patronage on the Dubai Financial Market. With 17,900 homes already delivered, no one is in doubt that DAMAC holds the best track records when it comes to the luxury property development market.

Donald Trump, the current president of the United States, already had strong ties with DAMAC even as far back as the year 2013 when the company helped develop some Trump-branded golf courses. Soon after Trump was elected president, he showered accolades on Sajwani calling him a very amazing man.

According to Forbes, Hussain Sajwani’s philanthropic gestures also make him much-sorted-after. He owns a charitable foundation dedicated to supporting the local community as well as the broader region.

Hussain Sajwani always encourages young men and women through donations and his physical presence to imbibed an innovative spirit and acquire needed entrepreneurial skills that will help them shape a career path. Recently, Sajwani gave out AED two million to assist in clothing a million deprived children.

DAMAC’s extraordinary growth has its root in the vision and astute entrepreneurial acumen of Sajwani. Other companies owned by Sajwani include DICO Investments, Al Amana Building Materials, Al Anwar Ceramic Tiles Co., and Al Jazeira Services. Hussain Sajwani family – his wife, four children and himself- lives in Dubai.

itisthelaw