He is founder and CEO of Dubai-based multi-billion DAMAC Group. He founded the group in 2002 and immediately focused his interests in the real estate, engineering, and construction fields. He combined his good leadership and aggressive marketing skills to achieve rapid growth in an industry that was just beginning to flourish.
Mr. Sajwani began his entrepreneurship journey in the 1980s by providing food services in Abu Dhabi to energy sector employees. He won contracts to supply food to the US army in the region. Nevertheless, according to Mr. Sajwani, this was small game.
At the beginning of the millennium, political and economic changes around the world, especially as regards to the economy of former USSR, led him straight into the property market. All indicators pointed to a great future. After dealing in mid-market properties in Deira, he went big game. The conversation then slowly began to change from millions to billions of income.
DAMAC Group’s major operations are centered in Dubai and the larger Middle East area. With a market capitalization of over $15.3B, the group has extensive and cutting-edge development projects in residential housing, commercial constructions and leisure spots in Dubai and the other major cities across the Middle East. The group has also invested heavily in real estate projects in Saudi Arabia’s Riyadh and Jeddah. The group also has a keen eye on the Turkey property market.
Hussain Sajwani’s success in the high echelons of the corporate world and his family’s influence has made him rub shoulders with the high and mighty around the world. He has been particularly close to the United Sates, rendering his food services to the US army during the first Iraq War of 1991. The US President’s sons, Eric and Donald Junior honored an invitation to the opening of a Tiger Woods designed a Trump-branded golf course in Dubai. Who else would steal the show than Mr. Sajwani, whose success in real estate must have introduced him to his United States counterpart, Donald Trump, the current president of United States?
Hussain Sajwani abhors the use of the word ‘charity’ preferring instead to users ‘share’. Recently he donated to UAE Red Crescent to help refugees, Dubai Autism Centre and UAE Suqia.