Hussain Sajwani, born in 1952 at Sharjah India, grew up with a business mindset as he sold a range of products ranging from pens, watches, and shirts at a tender age. He later developed his business interests when he qualified for a government scholarship to the US. At the US, he majored in Industrial Engineering and Economics receiving a degree from the University of Washington.
In 1981, after Hussain Sajwani completed his degree, started his career at the department of finance in Abu Dhabi Gas Industry. After developing specific skills in marketing, legal matters, sales, finance, and administrative duties; two years later kick-started a catering company which developed into Global Logistics Services. DAMAC later emerged from his dealings in global business as he saw a market gap in the real estate industry.
Hussain Sajwani started DAMAC with a goal to expand globally into emerging markets. China and the United Arab Emirates (UEA) was among his top priorities; as he had good knowledge of China’s business dealing and UAE’s stability. The DAMAC owner later took the company public in 2013, making it the first organization in the Middle East, enlisted at the London Stock Exchange (LSE). In 2015, the company got listed at the Dubai Financial Market (DFM). As the company prospered, Hussain also advanced financially being recognized by Forbes as the 5th riches Arab in the world.
The real estate entrepreneur understood that homeowners preferred their houses to be more lively and gain from their investments. Projects like the DAMAC Hills which included villas, mansions, townhouses, and apartments also included a 42 million square golf community. Partnership with famous brands like Versace Homes, Tiger woods and the Trump Organization has also helped the company expand its territories into luxury apartments, fashion and lifestyle brands. A hospitality division is another sector the company enrolled in October 2011 as ‘DAMAC Maison.’
Investment is another sector the DAMAC owner understands vividly; by partnering up with DICO Investments, the company invests in private mergers, equities, and acquisitions. Investments in building material is another area the company focuses on, Grohe and Dorn, Bracht Villeroy and Boch and AI Amana located in Oman are but some of the examples. Hussain and DAMAC have indeed pushed the limits of property development not only in Dubai but the rest of the world.
Helpful details: https://www.youm7.com/