The Great Victories of Hussain Sajwani

Posted on September 9, 2018

Hussain Sajwani a property developer based in the United Arabs Emirates was born in the year 1952. He currently lives in Dubai, United Arab Emirates, and an Emirati. He founded the luxurious real estate developer DAMAC Properties back in 2002 and acts as the chairman. He is a family man and has four children. One of his sons graduated from the University of Boston as an economics graduate. Focusing on the annual raising rates of revenue between the year 2013 and 2016, Forbes ranked DAMAC properties as the number one on the 2017 Forbes Global 2000 list of the most steadily growing companies. He has grown his wealth vastly and is ranked as the fourth richest Arab having a net worth of 2.7 billion US dollars statistics collected as on August 2018.

Focusing on his earlier life, Hussain Sajwani was raised in a family of entrepreneurs. His father worked in a shop selling items such as shirts and items from China. Other goods he sold included watches and Parker pens. Through his great entrepreneurial skills, he got to acquire knowledge in the field. He graduated with a Bachelor’s degree in Industrial Engineering and Economics after being one of the few students to get a scholarship to study in the United States at the University of Washington.

His career started back in the year 1981 when he worked in the department of finance in the Abu Dhabi Gas Industries. Two years down the line still holding his position there, he later initiated a catering venture one of their clients being the United States military and Bechtel. As mentioned on his website, he still has it running but now with a new name known as Global Logistics Services. He did not stop there, and in the year 2002, he made a mark in the real estate by establishing the DAMAC Properties which has seen to the completion of over nineteen thousand apartments. With another forty-four thousand units still being developed. Success has been associated with DAMAC Properties, and it acquired public listing with shares that are exchanged on a major platform that is, the Dubai Financial Market.

Additional reading: https://www.albayan.ae/economy/local-market/2018-04-18-1.3240562

Categories: Business, National News


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