Hussain Sajwani is best known as the DAMAC owner and founder. The property development firm is considered by many as the fastest growing in all of Asia. His prolific construction and acquisition has earned Hussain the moniker ‘Trump of the East.’ He founded the company in 2002, twenty years after starting his first, renowned entrepreneurial pursuit. That was a catering company that still thrives today, and is called Global Logistics Services. His 2018 estimated worth is $3.5 billion USD as reported by Forbes.
Hussain Sajwani experienced self-development in an atmosphere of negotiations and industriousness. His parents and grandparents owned retail shops where he would assist. This afforded him exposure to all aspects of their global businesses from international and regional product supplies to interaction with clients from all around the world to daily product display and pricing. The innovation attained shows forth in his strategic marketing attractions, particularly with his properties as DAMAC owner. His sharp mind as proven through his academic achievements earned him a coveted, governmental scholarship to study abroad. He matriculated into the University of Washington at Seattle. There he completed a dual degree in Industrial Engineering and Economics.
On his website, it mentioned that the value of education and reward for diligence remains an active part of his daily life. Hussain Sajwani mentors all four of his children in both the specific aspects of his catering and development businesses and the transferable skills, as well. He also pointedly contributes to the enhancement of life opportunities for others through his philanthropic acts. For instance, he has given more than two million USD to the coding project of the United Arab Emirates, his place of birth. Their goal is to promote systematic teaching of digital and computer language coding unto one million Arabic youth. The project is called ‘The One Million Arab Coder Initiative,’ and aims to attract businesses to the Middle East and Northern Africa regions.
While in Seattle, Hussain Sajwani processed some of his first real estate transactions. He sold timeshares. Upon returning home, he obtained a management position with an established petroleum production and distribution business. He served there as the accounts receivable division. Seeing all of those contract payments per services and products rendered compared to his highest possible salary reignited the entrepreneur in him. Within two years he had conceived, implemented, and marketed his own offering, customized food catering. He branched out on his own and later, when the real estate market indicated imperative growth, he started DAMAC Properties. Some of his popular developments include the ‘AYKON Maldives Resort’ and ‘Nine Elms Property Limited.’ DAMAC Properties trades publicly on the DFM (Dubai Financial Market) as of 2015.
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