Reinventing Business with Hussain Sajwani, DAMAC Owner

Hussain Sajwani is a Saudi born businessman and investor. He is well-known as the founder and owner of DAMAC Properties, a worldwide luxury property development company based in Dubai. Sajwani is also a self-made billionaire. Currently, he is listed as one of the most influential leaders and businessperson in the Arab world. He is worth $2.7 billion according to Forbes. DAMAC Properties has a market cap of $4.7 billion with a total of $1.9 billion in annual sales according to Forbes. Additionally, Forbes listed the company as the 2017 Best Employer and Growth Champions.

Hussain Sajwani is a naturally gifted businessman and investor. After graduating from the University of Washington, he signed up as a contracts manager with GASCO, an ancillary of Abu Dhabi National Oil Company. After gaining the necessary experience to run his own business, Sajwani established his own catering business in 1982. Owing to innate business acumen, the catering business experienced a tremendous growth to become a market leader in the industry. The superior services of Sajwani’s catering business attracted notable clients like the US military. Besides offering meals to the US military camps, Hussain Sajwani was contracted to offer supplementary services like camp maintenance and supply of labor to camps throughout the Middle East.

Hussain Sajwani is also known for his excellent ability to identify profitable investment opportunities. While building hotels and accommodation facilities for the rising numbers of visitors to Dubai, he realized that there was a serious gap in the property development market. He seized the opportunity, and by 2002, he established DAMAC Properties. Through his extensive knowledge and experience in business, Hussain Sajwani rapidly propelled DAMAC Properties to the top of the investment world. His unmatched skills in marketing, sales, legal affairs, and finance proved to be a valuable asset to the growth of DAMAC Properties.

Today, philanthropist Hussain Sajwani is one of the world’s leading employers. DAMAC properties employs more than 20, 000 employees, and has gone public in the Dubai Financial Market. Since its establishment, it has delivered more than 24,000 luxury units and has another 40,000 units under various developmental stages. The company has a global presence with projects in Doha, Beirut, Riyadh, Abu Dhabi, Muscat, London, and Dubai among other major cities in the world. Watch this video of Sajwani on YouTube.

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