Growing a company to a greater magnitude requires a combination of passion and determination. Hussain Sajwani, the founder of DAMAC, is a seasoned entrepreneur whose success in the world of entrepreneurship tells a pleasant story on the Forbes. Founding DAMAC properties way back in 2002 is one of the achievements that he greatly prides himself for.
Hussain Sajwani was born in 1952 to an entrepreneur father who had a small shop dealing in parker pens, watches, and shirts. His father also sold goods that were imported from China. Being among the lucky few, Sajwani was privileged to be sent by the government to the United States where he studied at the University of Washington. He successfully graduated with a Bachelor’s Degree in Economics and Industrial Engineering.
Elmawkefalarabi.com says that after spending hardly two years in Abu Dhabi Gas Industries, working in the finance department, Hussain Sajwani started a Catering business in 1983. His catering business is well known for having offered excellent catering services to the U.S. Army when at war. It is from this business whose name has since been changed to Global Logistics Services, that Sajwani later established DAMAC properties.
From 2002, the DAMAC owner has channeled a lot of efforts towards developing the company to greater heights. At the moment, DAMAC properties is featured among the top property development companies in the Middle East. In addition to having set up approximately 19,000 apartments, DAMAC properties also has well over 40,000 units that are at different stages of development. The company got a public listing in 2015, a step that saw its shares traded on the Dubai financial market. In 2017, the DAMAC owner, Sajwani’s name was listed by Gulf Business to be among the top 100 most influential Arabs in the world. In the same year, DAMAC properties also got ranked by the Forbes as position one in the Global 2000 list.
Hussain Sajwani is the current chairman of DAMAC properties. He is also featured as the biggest shareholder. Under his focused leadership, the DAMAC owner has made an immense contribution to the company’s growth. DAMAC now develops properties in the better part of the Middle East, GCC, and the United Kingdom. This year, Sajwani was ranked as the fourth richest Arab with a portfolio of $4.1 billion.