Hussain Sajwani is a reputable businessman from the UAE with an estimated net worth of over $3.2 billion. He is the CEO and Chairman of DAMAC Group, a company he founded in 2002. Sajwani graduated from the University of Washington in 1981 where he majored in Economics and Industrial Engineering. After graduating Hussain Sajwani worked for GASCO as Contract Manager for a short while. In 1982, he ventured into catering until 2002 when he started DAMAC Group in UAE. Read more: Hussain Ali Habib Sajwani | Bloomberg
The catering venture became a success spreading over a number of continents. DAMAC Group has also grown into a leading property development company in the Middle East. Hussain Sajwani’s impeccable know-how has been the major driver of DAMAC’s success.
The company boasts of high-profile projects in UAE, Qatar, and England among many others. DAMAC has worked with and is currently working with a number of high-profile companies. They include Louis Vuitton, Trump Organization Inc., and Drake and Scull International.
These three businesses have served as suppliers in the form of beverages, real estate, and construction respectively. DAMAC’s association with the Trump Organization recently saw President Donald Trump single out the Hussain Sajwani family.
This was at an event on New Year’s Eve where he described them as “the most beautiful people.” This is a clear indicator of a very good business relationship.
DAMAC’s success has seen it start a hospitality division called DAMAC Maison. The division runs an impressive 15.000 hotel rooms while providing top-notch services at the same time.
Under Hussain Sajwani’s leadership, the company continues to grow from strength to strength as a leading property development company. He even successfully steered DAMAC through the 2008 financial crisis when sales were at their lowest.
Hussain and in extension DAMAC are huge contributors to philanthropic causes. In 2013, he gave AED2 million to aid in a clothing campaign targeting one million needy children all over the world. The DAMAC CEO is listed among the top 100 influential Arabs in the world, and his excellent track record speaks for him. He has definitely proven himself as a leading businessman by ensuring continuous growth and improvement as DAMAC owner for years.