Hussain Sajwani is the founder of DAMAC Properties, a real estate development firm headquartered in Dubai, United Arab Emirates. He serves as this firms chairman of the board and chief executive officer. His company develops real estate projects globally and was founded by him in 2002. He studied at the University of Washington and has two bachelor’s degrees, one in economics and the other in industrial engineering.
The first business that Hussain Sajwani established was a catering firm. This was in 1982 and he grew the company into a leader in the industry. It now manages 200 projects across the Middle East, the CIS, and in Africa. It serves more than 150,000 meals each day with a major client being the United States military.
Starting in 2002, Hussain Sajwani pioneered property market expansion in and around Dubai when the country opened up its real estate to foreign buyers. He saw the opportunity this development presented to him and so launched DAMAC Properties. He has now developed properties in many cities in the Middle East like Dubai, Abu Dhabi, Beirut, Riyadh, Doha, Jeddah, and others. He also recently completed a project in London, UK. So far he has delivered close to 18,000 homes and he and his team at DAMAC Properties have another 44,000 in the process of being built.
In addition to the catering business and real estate development, Hussain Sajwani also successfully invests in other businesses and capital markets. He has a portfolio of investments that include regional companies as well as those that are global in nature. It is due to these activities that he has been listed as one of the 100 most globally influential Arabs in the world.
Hussain Sajwani says that he was introduced to entrepreneurialism at a young age. When he was growing up he often helped in the business his father owned. When he attended college in the United States he made money by selling time-share apartments when not studying. The money he made from doing this was what enabled him to launch his first company upon his arrival back in Dubai.