Hometown Journey

Meet Hussain Sajwani. DAMAC Owner and One of the Richest Men in the World

Mr. Hussain Sajwani, a United Arab Emirate national, is the founder and current chairman of DAMAC Properties. He is one of the most respected Arab businessmen and has been ranked as the fourth richest Arab in the world. He has been involved in his country’s economic growth since his graduation from the University of Washington.

Hussain Sajwani began working as a contracts manager for an oil subsidiary immediately after graduation. However, his goal was to begin his own business and so he began a catering company in 1982. The success and expansion of his catering business helped him recognize the growing number of executives and their employees migrating to Dubai and he realized the need for living accommodations for that population.

His vision, creativity, and innovation led him to develop DAMAC Properties in 2002. As the DAMAC owner, he led the company in the development of luxury living accommodations in Dubai and the United Arab Emirates. But these were not just typical apartments. The interiors were designed by fashion icons like Versace, Fendi, and Cavalli, and there was even a golf course influenced by Tiger Woods. Today DAMAC Properties boasts 20,880 units, employs over 2000 individuals, and has another 44,000 units in various stages of production in the Middle East and United Kingdom.

DAMAC Properties now has a hospitality division and was ranked as the fastest growing global company by Forbes in 2017. This growth has been due primarily to Hussain Sajwani’s skills in marketing, sales, finance, and administration. He is still the primary stockholder and DAMAC owner but he is certainly not content to rest on his laurels. He has recently ventured into the global equity and capital markets and looks to establish productive and thriving partnerships throughout the Middle East. The company is active in mergers and acquisitions and is now recognized as a leader in the global investment industry.

Learn more here: https://hussainsajwani.com/ar/

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