Hussain Sajwani, Arab wealthiest man

Hussain Sajwani, owner and founder of DAMAC properties is among the highly ranked businessmen and has been on the list of the 100 most influential Arabs globally. He started his career as a contacts manager in GASCO, which is a national oil company in Abu Dhabi, after graduating from the University of Washington with a degree in economics. In 1982, Mr. Sajwani began his own catering venture in which he built hotels to cater for the increasing number of traders and business oriented people who were coming to trade and conduct business in the Emirates.

Within time, he got an opportunity and established DAMAC properties, where he is currently the chairman. DAMAC has grown to be one of the largest private property development company. It is a company that engages in hospitality, real estate, investment management, financial services, and manufacturing.

The DAMAC owner, Hussain Sajwani is hopeful to enhance his business ties with President Donald Trump, who they have collaborated with earlier in the project on Trump’s international golf club, the luxury villas which made almost $2 billion sales. President Trump, in his speech at the new year’s eve, acknowledged the presence of Mr. Sajwani’s family, terming it to be a beautiful family, who he has not only had business operations with but also are good family friends and spend time together.

Under Hussain Sajwani’s leadership since 1992, DAMAC properties have been leading in the provision of stylish living delivering their services across the Middle East, including Saudi Arabia, Qatar, the United Kingdom, Jordan, Lebanon and the UAE. Based in Dubai, in the United Arab Emirates. So far, they have provided 20,230 homes, which include 13000 hotel rooms, hotel villas and fully serviced hotel apartments, which are wholly managed by DAMAC hotels and resorts.

Hussain Sajwani and DAMAC properties gave their $2 million donations to the Arab Emirates, with the aim of providing food and warmth to over 50,000 children, for charity groups that are devoted to children. He also expressed his support to those affected by the Huda storm in 2011 by presenting the UAE with 1 AED million, through DAMAC Properties Company.

 

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