Hussain Sajwani is an Emirate property developer and business magnate who made his fortune from the lucrative real estate industry in Dubai. Sajwani also made his fortune through DAMAC Properties, which is a reputable property development company founded by him. He is among the high net-worth individuals listed on Forbes Magazine’s World’s Richest Arabs of 2017 list.
Hussain Sajwani drew most of his inspiration to venture into entrepreneurship from his dad who was in the business. Sajwani’s dad owned and operated a shop dealing with diverse items imported from China. Sajwani benefited from a government-sponsored scholarship offer to study in the US. Courtesy of the scholarship, he got admission to the University of Washington. He later graduated with an undergraduate degree in industrial engineering and economics from the higher learning institution.
In 1981, Hussain Sajwani got the opportunity to work in Abu Dhabi Gas Industries’ finance department. He later decided to leave the company and open a food-service business that had Betchel and the U.S. defense forces as its clients. His career changed for good in 2002 when DAMAC Properties came to life.
As a leading property development company in the UAE, DAMAC Properties has more than 19,000 completed residential units under its management. The company is currently constructing other 44,000 residential units. Under Hussain Sajwani’s leadership, DAMAC had its IPO in 2015.
DAMAC Properties constructed a luxurious golf course project in association with the Trump Organization. Tiger Woods was the designer for the project. The project’s construction began when President Donald Trump was in the private sector as a businessperson. He partnered with DAMAC owner, Hussain Sajwani, through the Donald Trump Foundation to bring the golf course development to reality. Learn more: https://twitter.com/hussainsajwani
Hussain Sajwani took part in the #UAECompassion campaign that focused on supporting casualties of the Huda storm. Through his firm, DAMAC Properties, he contributed AED million to the campaign. The #UAECampaign is an initiative established by UAE Red Crescent to gather donations from well-wishers in support of Huda victims. Speaking on behalf of the Hussain Sajwani family, Sajwani said that the donation was a fulfillment of his humanitarian duties. UAE Red Crescent’s general manager thanked Sajwani and his company for their humanitarian assistance. Learn more: http://www.emirates247.com/news/richest-arabs-youngest-billionaire-wealthiest-family-2016-04-17-1.627434