Hussain Sajwani, Co-founder and Chairman of DAMAC Properties

Hussain Sajwani is a renowned billionaire, a property investor, co-founder and the chairperson of the DAMAC Properties. DAMAC is one of the most established real estate firms, and it was listed in the first position on the Forbes list of the rapidly developing global firms in 2017. This was based on the annual revenue growth rate between 2013 and 2016. Similarly, Forbes ranked Hussain Sajwani as the fourth richest Arab in the globe with a net worth of approximately $4.1 billion.

Hussain Sajwani initiated his entrepreneur career in 1981, and he has worked tirelessly towards the development of his inceptions. For instance, in 2002, he established the renowned DAMAC entity, which is among the most extensive development firms in the Middle East. Additionally, other developments that have been accomplished under the development of DAMAC properties entail the golf course that was designed by Tiger Woods among other remarkable projects.

Hussain Sajwani Looking to extend the Developer’s Presence in Asia

For the last few decades, Asia has maintained a constant economic growth hence attracting a significant number of investors. For Mr. Hussain Sajwani China, seem like the focal focus of his venture. As such, Hussain Sajwani has been playing a crucial role in the Chinese market, and he is now focusing on elevating these relations to greater heights. He is confident that the current emerging middle class in China has an incredible economic value and can be a strong base for investments. This factor is also supported by the advancement and improvement in the bilateral relations between China and UEA.

What does Diversity Mean to Hussain Sajwani?

Hussain Sajwani advocates that diversity is an essential component at Damac. This implies that they have many diverse ideas, view as well as perspectives to refer to when they are marking some of the vital business decision. Sajwani advocates that diversity is a clear indication of a range, which is an essential aspect in business. To this end, Mr. Hussain Sajwani has more than 77 nationalities in DAMAC working from all continents. While Hussain has helped this firm to established reliable operation grounds in Arab, he is also devoted to promoting it to reach the greater height in the future.

From this source: https://www.albayan.ae/economy/local-market/2017-12-02-1.3118658

HUSSAIN SAJWANI EXPANDING DEVELOPMENT PORTFOLIO OF THE MIDDLE EAST

Hussain Sajwani has made a name for himself in the business world both in UAE and the world. He has been involved in various businesses and investments that have earned him a spot in Arab’s top 100 influential people. Hussain Sajwani is the founder and chairman of DAMAC properties. He was born in the UAE but later moved abroad where he studied at the University of Washington.

Hussain Sajwani first job was as a contract manager for GASCO. He worked for a few years before deciding to start up his own business. In 1982, he set up his catering venture and from which it grew to become a renowned business in the Middle East.

In the mid-90s after the government allowed for people to own property, he shifted his attention to the real estate where has also excelled. It is from this opportunity that led to the formation of DAMAC properties a publicly listed company in the Dubai finical markets in 2002. The company has grown by leaps and bound to become middles east leading property Development Company. The company prides itself in developing residential, commercial and leisure developments across various major cities in the world. The company has delivered over 20,000 units with more units being in the planning phase.

To achieve its objectives the company has developed partnerships with other leading brands such as Bugatti, Versace, Just Cavalla, Paramount hotels, Paramount resorts and Fendi Casa. To even bring more pride and credibility, DAMAC has also partnered with the Donald Trump organization to build state-of-the-art golf courses. It is this partnership that led to Hussain Sajwani, the DAMAC owner, having a closer business relationship with Donald Trump.

Regarding expansion, the company established DAMAC Mansion, a hospitality division back in 2011. The division provides world-class services to hotel rooms and apartments in the hospitality sector. Under its umbrella, the company has employed over 2000 employees.

On the social corporate responsibility side, DAMAC has also been involved in various charity forums as a way of giving back to the society. The most notable charity event was the collaboration with Emirates Red Crescent where they donated money to purchase clothes for the needy.

 

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