Hussain Sajwani: DAMAC Owner and Founder

Hussain Sajwani is a billionaire entrepreneur. Hussain’s background growing up was being raised by his father, a man who owned his retail shop. In his father’s shop, his father sold timepieces, name-brand fountain pens, apparel, and other items that he bought from China.

Hussain Sajwani was the recipient of a scholarship as a young man. He is one of the few students sent by the government to the United States. Here in the states, Hussain Sajwani earned his bachelor’ s degree in Industrial Engineering and Economics from The University of Washington.

After Hussain earned his degree, he went to work at Abu Dhabi Gas Industries. He started working in the finance department of the company in 1981. During Hussain first few years at Dhabi Gas Industries, he started his own catering business. The catering business was so successful that Bechtel, a major engineering company, and the United States military were significant customers of his catering business. Hussain successful catering business is still in business today, 35 years later.

Sixteen years ago Hussain founded DAMAC Properties. DAMAC Properties is a property development business with the corporate office in Dubai. DAMAC is one of the most prominent property management businesses in the Middle East. DAMAC started out its operation with over 18,000 apartments since the company’s beginnings. Currently, the company has over 40.000 projects in the process of development. In 2015, the company went public on the Dubai Stock Exchange Market.

Sajwani’s philanthropist efforts are many with his DAMAC foundation. His foundation sponsors the One Million Arab Coders Initiative. This initiative has provided free training software to train one million young Arabian students.

Sajwani has been honored with the Property CEO of the Year award, and the Real Estate Legend Award.

DAMAC Properties has completed many well-known projects, including luxury apartments featuring interior design by Italian designers Versace and Fendi.

Hussain Sajwani, the DAMAC Owner, lives in Dubai with his wife and four children. Hussain’s son, Ali Sajwani, works side by side with his father at DAMAC. Ali is the general manager of operations in his father’s business. Like his father, Ali has won awards in the industry, including being named as one of Middle East’s future stars. Ali was honored this award last year in 2017.

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