Entrepreneurial Success of Hussain Sajwani

Hussain is the founder and CEO of DAMAC Properties. He is one of the most successful real estate developers in the Middle East. He grew up in a middle-class family in Dubai. His family was running a shop, selling Parker pens, goods from China and shirts. He elaborates that dinner table conversations were mainly on business.

He showed great efforts in school, which earned him government scholarship to the United States in 1978. Sajwani was among the first wave of students the UAE’s government sent to America for studies. Hussain graduated from the University of Washington with a degree in industrial engineering and economics.

Early in life, he showed character of a risk taker and used to sell time-share apartments in the UAE. Upon graduation, he worked in Abu Dhabi Gas Industries on contracts in the finance department. His work was a revelation to how lucrative selling services can be. Two years later, he started a catering business using his time-share sales as capital.

He founded DAMAC in 1992 as a specialist catering company. The company flourished as he landed customers like US Military and Bechtel, the American construction giant. The company supplied meals to US armed forces in Kuwait, Saudi Arabia, Qatar, Afghanistan, and Bosnia.

Over and over again, Sajwani has purchased and developed properties in Dubai teaming up with global luxury brands like Bugatti, Fendi, and Versace in apartment designs. Currently, he is working with Donald Trump to develop golf courses.

Recently, Hussain is working on Akoya community, which is on 964 acres, 15 minutes’ drive from Dubai and features lavish villa mansion apartments with its retail center. Trump golf course is the centerpiece of the property.

According to Forbes Magazine, Hussain Sajwani is the 527th richest man in the world with a net worth of $3.5 billion and owns 85 percent of DAMAC properties.

 

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