With a net worth close to $5 billion, Hussain Sajwani is a very successful entrepreneur. He is from the United Arab Emirate and lives in Dubai. He left the country in order to earn his college degree, attending the University of Washington and earning a degree in industrial engineering and economics.
Upon his return to the UAE, Hussain Sajwani went to work for a government-owned oil company, Abu Dhabi Gas Industries. It was two years later that he decided to start his own company. This first company, named Global Logistics Services, is an international catering company. It has been very successful over the years and serves food to people in a number of countries.
Hussain Sajwani’s success in the food industry led to him eventually establishing DAMAC Properties when he saw an opportunity in the real estate industry. Under his leadership it is now one of the biggest property developers in the entire Middle East. He specializes in luxury developments including villas, apartments, and high-end retail. Hussain Sajwani serves as DAMAC Properties Chairman and Chief Executive Officer where he oversees the company’s overall vision.
At DAMAC Properties, Hussain Sajwani forms partnerships with other luxury brands. He has partnered with famous Italian designers to furnish many of the apartments and villas he has built. He also partnered with the Donald Trump Organization on a recently completed property development. This multi-billion dollar development has a great deal of apartments and villas surrounding the Trump International Golf Club. Hussain Sajwani plans to develop other properties with the Trump children that are now running the company.
As DAMAC owner, Hussain Sajwani now employs about 2000 people. To date his company has completed almost 17,000 properties. He has 44,000 additional units that are either in the planning stage or are currently being built. He also launched DAMAC Maison in 2011 which provides services to people living in hotel apartments.
Along with his wife, the Hussain Sajwani family is philanthropic. In a recent example they provided AED two million in order to provide clothing to young children around the globe. They are always ready to give money to worthy charities, especially those that help children.
Visit http://www.damac.com/ to learn more.