With hard work come great rewards. One Mr. Hussain Sajwani was ranked 15 on the Hotelier Power 50’s Middle East CEO awards in 2017. He was also named the property CEO of the year during the same event. The Arabian Business Real Estate Awards also recognized Sajwani as a real estate legend. As icing on the cake, Forbes ranked Hussain 4th on its 2018 World’s richest Arabs list for his 4.1 billion dollar net worth. The question many would like an answer to is who Hussain Sajwani is.
Sajwani’s Background and Education
It’s no surprise that Sajwani became the mogul that he is being that his father was a shrewd entrepreneur who sold goods imported from China. He became a hard work early in life. He was awarded a government scholarship to study in the United States where he got his degree in Industrial Engineering and Economics from the Washington University.
The 65-year-old Emirati began kicked off his career in 1981 working as a contract manager in Abu Dhabi National Company’s GASCO. Two years later he started his own catering business serving the United States Military. Currently, this business runs in Africa, the United Arab Emirates and all over the Middle East.
In the 1990s, Sajwani ventured into property development, building several hotels to cater to businessmen in UAE. By doing so, Hussain Sajwani earned know how in property development, sales, marketing, and finance that allowed him to launch his property development company called DAMAC Properties in 2002.
DAMAC has grown to become one of the largest property development companies in the Middle East with more than 2000 employees working on projects all over the Middle East and beyond. One of DAMAC’s largest projects is the Tiger Woods-designed golf course that Sajwani is working on in coordination with the organization of President Donald Trump. The company also develops luxury apartments.
Through the DAMAC Foundation, Sajwani sponsors the One Million Arab Coders Initiatives that seeks to provide free training on software development for the youths in UAE.
The father of 4 continues to build his empire working with brands like Versace, Fendi, and Bugatti.