To property investors in the Middle East and around the world, Hussain Sajwani is a familiar name. The Dubai-based entrepreneur is the founder of DAMAC Properties, a large property development company with lucrative projects in some of the most prime locations in London, Abu Dhabi, Dubai and other global cities. Read more: The Rise and Rise of DAMAC
Hussain Sajwani is a graduate of the University of Washington, where he received a Bachelor of Science Degree in Economics and Industrial Engineering in 1981. His first major investment followed soon after a short stint with GASCO as a Contracts Manager after his graduation. He founded a catering venture in 1982. Soon, his business grew and started to offer services to construction camps, educational institutions, luxury hotels and army camps. Today, the catering business has expanded its presence across the Middle East, the CIS, and Africa, serving over 150, 000 meals each day.
A skilled businessman and a visionary administrator, Hussain Sajwani turned his attention to investment in 1992 with the founding of DICO Investments. He would guide the company to unprecedented success, accumulating over ADE 3 billion in assets in various industries as of today.
Later, in the mid-1990s, Sajwani built several luxury hotels across the UAE to attract the growing number of visitors to the region. He also invested in a string of other companies including Al Jazeira Services, Al Anwar Ceramic Tiles Co., and Al Amana Building Materials.
It is for his company, DAMAC Properties, however, that Hussain is perhaps best known. Founded in 2002, DAMAC has grown in leaps and bounds. The company has since its establishment delivered over 18,000 luxury homes and is currently building 44, 000 others. DAMAC has also worked hand in hand with global organizations such as the Trump Organization in developing a world class golf course.
Besides the Trump organization, DAMAC has partnered with world renowned brands like Versace, Bugatti, and Paramount Hotels & Resorts. Hussain Sajwani is an active supporter of charitable causes around the world. In the past, he has donated to UAE Red Crescent to support refugees. He is also an ardent supporter of youth innovation and entrepreneurship.
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