Judging from his appearance, it is easy to dismiss Hussain Sajwani as any other ordinary businessman until you learn that he not only owns a business empire but is also one of the most prosperous Arabs in the world. Born in 1952, Hussain can also be referred to as the founding father of Dubai’s real estate sector as he is one of the earliest people to venture into the industry through DAMAC properties. However, it is vital to note, that even though today he is one of the world billionaires with a net worth of 1.4 billion, Hussain came from a humble middle-class family.
Hussain’s father owned and worked in a watch and pen store while his mother would purchase fabric from a wholesale market and hawk it to local ladies. It is through his parents that Hussain Sajwani first learned the art of entrepreneurship. He further perfected this by attending the University of Washington to study for an Economics and Engineering degree in addition to working for Abu Dhabi’s gas industries, finance department.
Soon after completing his studies in 1982, Hussain Sajwani went ahead to put the skills he had earned from his parents, at school and from working at Abu Dhabi gas industries by setting up his business in the catering arena. Given his rich business backdrop, his catering venture was undoubtedly destined for success, and just two years after its inception, it had customers from all over the world, including the US military.
After a few years in this arena, Hussain shifted his focus to real estate and established DAMAC properties. Since then, he has never looked back and continues to expand his empire in every dawn. Furthermore, Hussain owns a long string of businesses such as ZDICO invets, Al Jazeira services Co SAOG, Nine Elms property limited, AYKON Maldives resort and many others.
DAMAC properties itself is doing remarkably well having a development portfolio of 44,000 units, and has delivered over 19000 housing projects. Additionally, it has been the force behind some of the most renowned projects in the world such as the Tiger Woods golf course. It is as a result of such achievements that Hussain Sajwani was last year listed among the 100 most globally influential Arabs. Hussain is a good friend of Donald Trump, and apart from being a personal friend, he is a business partner to the current President of the United States of America.
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