Hussain Sajwani is a prominent name in the real estate and food industries. He is the chairman and the President of DAMAC Properties. He is also a committed philanthropist who founded Hussain Sajwani-DAMAC Foundation. The charitable organization is a jointly owned company between Sajwani at his capacity and DAMAC Properties.
Hussain Sajwani Education Background
According to CNBC.com, Hussain Sajwani is from a very humble background, but he was a very bright student while in high school. He, therefore, got a scholarship from the government of the day to go and study at the prestigious American Universities. He chose to join the University of Washington. After successfully going through his course, he left the US with a bachelors degree in Economics and Industrial Engineering. The qualifications prepared him for great opportunities and were able to get his first job as a contract manager. He was able to learn things at a reasonable speed and was able to rise to significant levels within a short period.
In 1982, after his graduation, he decided to start a catering business. Today, the company is the leading food distributor in the middle east and parts of Africa. They have been able to manage more than 200 projects and at the same time serving more than 150,000 meals every day. They managed to penetrate the real estate world whereby they have achieved to create significant business ties. The reputation made them secure significant clients including the US military.
How Hussain Sajwani Started DAMAC Properties
In 2002, the government of Dubai passed a law that would allow foreigners to own and develop properties in the city. That is when he decided to venture into the industry after identifying that gap. Hussain (@hussainsajwani) bought a plot and built a 38 storey residential building. That was the first structure to be registered under DAMAC Properties.
He has subsequently built several hotels with the aim of hosting all the foreign investors who visit the city. Within a very short period, the company became a leading real estate developer in the region. According to Forbes, the Chairman is currently leading as one of the wealthiest Arabs in the World. Sajwani also has a partnership with President Donald Trump.
Article reference: https://www.bloomberg.com/profiles/people/15249401-hussain-ali-habib-sajwani