DAMAC Properties is a real estate development company based in the Middle East. It has grown since its inception in 2002 to become one of the top international real estate firms. The DAMAC owner, Hussain Sajwani is a self- made Arab billionaire who ranks as the 4th richest Arab around the world. The company has completed more than 18,000 homes including famed projects like a golf course designed by Tiger Woods and many more projects which are still in development.
Hussain Sajwani points out that his experiences while helping in his father’s shop encouraged his entrepreneurial spirit. Being a risk-taker also shaped his business endeavors, and he believes in taking risks in investments that present great potential and opportunities. His job experience in finance made him realize that he could make more money with his own company and the DAMAC owner left the position to start his catering enterprise in 1982, which is now a global business with reputable clients including the United States army camps and Bechtel construction company.
The DAMAC owner doubts if he would do anything differently if he had a chance to start over because he has learned many lessons from his past decisions, actions, successes and failures. He advises entrepreneurs to embrace failure and learn from it. He also urges everyone to always re-invent themselves by learning new skills and concepts. Hussain Sajwani has a habit of setting new challenges and working to overcome them.
Hussain Sajwani admires Jack Welch, retired CEO of GE and tries to emulate him in his personal and business dealings. Jack, encourages business executives to create and own visions they believe in and work steadily towards achieving them. The DAMAC owner advises young people to take a risk and invest in real estate since it one of the market sectors with the most significant potentials.
As mentioned in elwatannews.com, Hussain Sajwani attended the University of Washington where he acquired his Economics and Industrial Engineering degree. The DAMAC owner is married with four children and resides in the United Arab Emirates. He strives to spend a lot of time with his family each day as he believes in leading a balanced life.
From this source: http://www.aleqt.com/2013/07/24/article_772729.html