The Life and Business Engagements of DAMAC Owner, Hussain Sajwani
Today, Hussain Sajwani stands out as one of the world’s richest Arabs. He is the tenth richest Arab which means that he is massively wealthy regarding the availability of monetary resources. As a way of strengthening his financial base and doing business, Hussain Sajwani is presently looking to extend his presence in Asia. His past engagements indeed shows his remarkable journey in the business world. For instance, he is highly regarded to for being the DAMAC owner, a property-oriented company that was ranked top on the Forbes list comprising of fast-growing global companies in 2017.
Other than being the DAMAC owner, Hussain Sajwani founded the real estate development property company with skills obtained from his father who was an entrepreneur. He, however, as per Bezaat, had impeccable academic qualifications and background to support his endeavors since he graduated with a bachelor’s degree in Industrial Engineering and Economics after securing a government scholarship. The degree was awarded at the University of Washington.
The career of Hussain Sajwani officially began in 1981 whereby he served in the finance department of a notable company referred to as Abu Dhabi Gas Industries. However, the DAMAC owner had bigger dreams. Two years later, he shifted to the catering industry whereby he had several customers including Bechtel and the U.S. military. DAMAC properties was established in 2002; therefore, it was a time when Hussain Sajwani was fully experienced and conversant with the trends.
Most investors are often interested in politics. However, this is not the case for Hussain. He only gets concerned whenever there are changes that may affect any of his organizations. As such, he is always flexible and ready to make crucial adjustments that affect the growth and development of the company.
To date, DAMAC is a perfect example of a story of grass to grace. It began small, but it has reached a size and level of maturity that empowers it to start looking far beyond its native region. Hussain Sajwani can as well relate to his company since he as well rose to glory and wealth with time, and he celebrates having won different awards including the Real Estate Legend 2018.
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