Hussain Sajwani, the founder and the chairman of DAMAC Properties was ranked as the 4th richest Arab in the world, has roughly $4.1 billion attached to his name. But who is Hussain Sajwani, and how did he become so successful?
Becoming A Billionaire
Hussain Sajwani wasn’t born as a billionaire. His father was an entrepreneur, importing various goods from China and selling them in the UAE. Hussain was a bright young man, which didn’t go unnoticed.
Soon, the UAE government gave him a scholarship and sent him to the US, where he got a Bacc Degree in Economics and IE at the University of Washington.
He then returned home, and in 1981 started a career in finance, working for Abu Dhabi Gas Industries. It took him only two years to create something of his own: Hussain Sajwani started a catering, which runs to this day (but under the name Global Logistics Services.)
As per Arabi21.com, Hussain used the money he made from various projects and poured it into his most prominent and most successful project, the DAMAC Properties. Today, DAMAC has more than 2000 employees and has created more than 20 000 homes. But the company has no intentions of slowing down. In 2011, they launched the DAMAC Maison program, which should provide custom tailored services to more than 15 000 apartments and rooms.
Being A DAMAC Owner
Today, DAMAC Properties is one of the biggest property developer companies in the Middle East. Company’s success transcends borders and cultural differences. Most notably, DAMAC Properties developed a golf course in partnership with Tiger Woods and Trump Towers.
Furthermore, DAMAC Properties also developed hotels and facilities for world renowned fashion giants (like Versace), luxury car (Bugatti) companies, film studio giants (Paramount), amongst other things.
Apart from being a DAMAC owner, Hussain Sajwani is also a superstar; his success was recognized at the Arabian Business Achievement Awards 2017, where he was referred to as Middle East’s Future Star.
Though he is most known as the DAMAC owner, Hussain Sajwani also has interest in trading; after all, he did study economics in Washington. Hussain owns Al Amana Building Materials, which sells the various home and building stuff.
The company represents many notable companies, like Villeroy & Boch or Dornbracht. Hussain is also the owner of the country’s largest tile manufacturing company, the Al Anwar Ceramic Tiles Co.