Since his founding of international property developer DAMAC Properties in 2002, Emirati businessman Hussain Sajwani has earned plaudits for his sharp business sense, astute marketing skills and ability to cultivate relationships with world leaders and captains of industry, including United States President Donald J. Trump.
A holder of a bachelor’s degree from the University of Washington in Industrial Engineering and Economics, Sajwani launched his financial career in 1981 at GASCO, a producer of natural gas operating under the Abu Dhabi National Oil Company. In 1982, he launched his first business, a catering company called Global Logistics Services that is still in operation today and boasts clients such as the United States military, providing culinary services during engagements in Iraq, Bosnia and Somalia.
Sajwani’s first foray into property development came in the mid-1990s as he oversaw the construction of numerous hotels in Dubai during a property boom in the region. He would go on to establish DAMAC Properties in 2002.
Since its inception, DAMAC has overseen numerous high-profile projects, including a residential complex in partnership with Paramount Hotels & Resorts, and two Dubai-based Trump branded, and managed golf courses planned by Tiger Woods Design.
With nearly 2000 employees worldwide, numerous ongoing residential and commercial projects in the key cities such as Beirut, Jeddah, Riyadh, Abu Dhabi and Dubai, and annual revenues of nearly $2 billion, DAMAC has grown in a decade and a half to become the global leader in Middle Eastern property development. It is one of just under 70 companies publicly listed on the Dubai Financial Market.
Boasting a personal net worth of $3 billion, the DAMAC owner is has established himself not only as one of the wealthiest men in the Middle East, but also as a leader and innovator in the regional property market. In addition to his business success, Sajwani is also a keen investor, holding securities portfolios in various multinational markets, as well as a dedicated philanthropist.
To get in touch with DAMAC Properties, contact Sajwani: https://www.instagram.com/hussainsajwani/