Hussain Sajwani, the DAMAC Owner
Hussain Sajwani is the Chairman and Founder of DAMAC Properties, an international property management and development company. The United Arab Emirates national graduated from the University of Washington with a degree in Engineering and Economics. Hussein began his career as a Contracts Manager for Abu Dhabi National Oil Company’s subsidiary GASCO. He later started his own company in 1982 where he established a catering venture.
Despite the fact that he began a modest company, it has grown to be one of the market leaders in the Middle East, CIS and Africa. This is exemplified by the fact that his catering venture serves more than 150, 00 meals and 200 projects daily in the markets it operates. The company services construction campsites, educational institutions, offshore/onshore locations, five-star hotels, and army camps. The catering division also provided ancillary services including camp maintenance, management as well as manpower supply.
According to Roayah News, in the 1990s, Sajwani noted that Dubai was experiencing a challenge in the property industry. The property shortage had been caused by a growing number of people who were moving the UAE to do trade and business. As a result, he established DAMAC Properties, a company aimed at building and managing properties in the Middle East region. Today, DAMAC Properties is the largest property development firms in the Middle East. The company is currently traded on the Dubai Financial Market.
Today, DAMAC Properties has more than 2, 000 employees. It is carrying out prestigious property development projects in such cities as Dubai, Doha, Abu Dhabi, Jeddah, London, and Amman. The company boasts of having the best track records in the luxury property development market in the United Arab Emirates. It has so far delivered more than 21, 700 housing units in various cities.
Hussein serves as a member of several boards such as Majan University College in Muscat Oman, Emirates Takaful Company in Abu Dhabi and JUNO Online in New York. Besides DAMAC Investments, Hussein has also invested in other initiatives including Al Jazeira Services which is listed on the Muscat Securities Market. The company has a capitalization of more than $110 million.
As a highly respected businessman in the United Arab Emirates, Sajwani, the DAMAC owner, is listed among the most influential Arabs in the world. To this end, he has proven his capability of providing leadership in maintaining the growth and continuity of DAMAC Properties. Recently, Forbes ranked him the fourth wealthiest Arab in the world.
Sajwani is married with 4 children who now live with him in Dubai.
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