How Hussain Sajwani built his empire from a humble beginning.
Hussain Sajwani is the Chairman of one of the largest private property development company in Dubai. DAMAC Properties was founded in 2002 by Mr. Sajwani, and it was Dubai’s real estate bubble as it was able to make millions since it was formed. He was a student at the University of Washington where he graduated with a degree in Economics. After graduating, he joined GASCO which was an affiliate of Abu Dhabi National Oil Company (ADNOC) as a Contract Manager. After a short period of working with GASCO, he decided to establish his own business and ventured into catering.
From the simplest beginnings, the catering division grew gradually to become a market leader managing over two hundred projects and serving more than a thousand meals daily. Some of the market where he sells his meals includes Africa, the Middle East, and CIS. Apart from servicing army camps, construction campsites, 5-star hotels, educational institutions and offshore/onshore locations, the catering company specializes in offering ancillary services such as workforce supply, camp managements among others.
Mr. Sajwani was one of the pioneers who were responsible for the property market expansion in Dubai. In the mid-90s, Sajwani built various hotels with the aim of accommodating the growing influx of visitors who came to the emirate to trade and do business. He identified the opportunity present in the market and in 2002; he decided to form his own company, DAMAC properties that has gradually grown to become one of the largest property development firms in the Middle East.
His experience and expertise in the field of property development such as finance, sale, marketing, and administration is one key that drives his company’s success today. He has various prestigious projects in cities like Doha, Riyadh, Beirut, London, Dubai, Abu Dhabi, Jeddah among other cities. His firm has been able to employ more than two thousand employees and is also a publicly listed company with its shares traded on Dubai Financial Market. Slowly, the company has become one of the best track records when it comes to luxury property development. He hopes his company will continue offering quality services to its customer and continue developing to create more job opportunities.