Hussain Sajwani is a famous businessman in the United Arab Emirates. His businesses, DAMAC Properties and others, have thrived in the world of business and made him the 10th richest Arab in the world. The billionaire has also been recognized as among the top 100 most influential Arabs in the world. He founded DAMAC Properties and established it to become a global property development company. He plans to increase DAMAC Properties’ presence in Asia.
Hussain Sajwani was born in Dubai and from the onset, he was exposed to business management. After completing his studies, he worked at his family’s business. While working at the business, he admits that the experience he earned was very helpful. While striving to be successful in his endeavors, he helped others succeed. He started selling watches in his father’s shop.
He studied Economics and Industrial Engineering at the University of Washington. He sold apartments while studying. Sajwani completed his studies successfully and started working at a leading financial institution in the United States.
The businessman realized that his ideas were great and had the potential to make him rich. He capitalized on his ideas and founded a catering business which grew rapidly to become a global catering company operating in over 2 continents.
Hussain Sajwani ventured into the real estate market after realizing how rewarding it was. He established DAMAC Properties in 2002 following the forming of DAMAC Group in 1992. The company thrived in the real estate market developing among the most famous towers in prominent areas of Dubai.
The forward-looking entrepreneur was impressed by UAE government’s forward vision and consistent efforts to develop sustainable and prominent projects and businesses. He endeavored to support it as it built phenomenal buildings, structures and other developments.
DAMAC Properties turned to be a very successful business, featured in Forbes’s list of top 2000 fastest-growing businesses globally. The company has developed more than 44,000 units and over 17,900 homes.
The Asia’s economy has continued to grow consistently. The middle class is growing rapidly in China, according to Hussain Sajwani. The developments are creating more investment opportunities to investors. According to the entrepreneur, his company will take advantage of investment opportunity and China, UAE’s bilateral relations to increase its presence in the region.
Hussain Sajwani has capitalized on his calculated risk-taking ability and experience to develop other businesses including Akyon Maldives Resort, DICO Investments and Mina Al Sultan Qaboos.