Hussain Sajwani is the current chairman and the founder of DAMAC Properties. DAMAC properties is a Dubai based real estate developer with interests in international properties. DAMAC has interests in luxury properties. Mr. Sajwani is the 10th richest Arab and ranks amongst the 100 most influential Arabs in the world. He also has a proven track record of setting up some of the biggest and most successful business in the world.
Sajwani attended the University of Washington and acquired a degree in economics. His career kicked off as a manager at the Abu Dhabi National Oil Company where he established his own business shortly after. The rest is a history of success and excellence. He started by creating a catering business since he had some interests in the hotel industry.
Mr. Sajwani has been tagged as one of the founding fathers of the real estate and property market in Dubai. In the 1990’s, Hussain built a number of hotels in order to accommodate the huge numbers of people coming to Dubai to do business. He then established DAMAC properties in the year 2002. His company has grown to be the largest privately owned property merchant in the Middle East. He is the director of several other companies in the Middle East and some others in Europe and the United States.
In a recent interview, Hussain says that he has been motivated to work greatly with the Chinese and establish investments in China too. He is also thankful that the government of the UAE has been having extended bilateral talks with China. He is certainly sure that as an investor, he will benefit greatly.
Hussain Sajwani asserts that there is a need for diversity in business. This is the sole reason why apart from DAMAC, he has vast interests in the Hotel Industry. He says that DAMAC properties is based purely on diversity. Diversity gives the company a range, a very important aspect of business. Surprisingly, DAMAC has employees from over 77 countries around the world.
Finally, Hussain Sajwani says that he is not very interested in politics. He is only interested in government policies that might affect his business operations.