Hussain Sajwani is a United Arab Emirate businessman who has been very successful in a couple of different industries. He is a graduate of the University of Washington and soon after accomplishing this goal he returned to the UAE. He briefly worked for GASCO as a contract manager before deciding to start his own business.
The first business that Hussain Sajwani launched, in 1982, was a catering venture. He was very successful running this company and soon it was serving food in a number of countries. It was in the middle of the 1990’s that he entered the hospitality industry, opening several hotels in Dubai. Learn more: https://www.youtube.com/watch?v=GJxJrIkRTzk
It was in 2002 that Hussain Sajwani established DAMAC Properties when he became a real estate developer. The reason he entered this market was that the government of the UAE had opened up owning property to foreigners. Identifying this opportunity, through DAMAC Properties he became a luxury property developer. In his role as chairman of his company, Hussain Sajwani has grown his company into one of the largest of its kind in the Middle East.
Today, DAMAC Properties employs about 2000 people. DAMAC Properties has built almost 20,000 homes in and around Dubai and are currently working on constructing another 44,000 homes. Hussain Sajwani has developed deep knowledge about sales, finance, administration, and other key areas of operating a giant company. Due to this work, he is now worth about $4.3 billion.
Beyond his work at DAMAC Properties, Hussain Sajwani is also a philanthropist. One of the ways that he has helped others is by donating money to clothe children all over the world. It was in September 2013 that he donated AED two million for a donation campaign that had been launched the ruler of the UAE. This was called the Ramadan Initiative and was one of that government’s efforts to improve worldwide living standards. The money that Hussain Sajwani donated was enough to provide new clothing to about one million impoverished children.