Hussain Sajwani is one of the most renowned businessmen in the UAE with a net worth over $3 billion. He is currently the Chairman, CEO and founder of DAMAC Group since 2002. His alma mater is the University of Washington where he studied Industrial Engineering and Economics before graduating in 1981. Soon after his graduation, Hussain Sajwani served as Contract Manager for GASCO, a position he left months later. Between 1982 and 2002, he was involved in the catering business.
Sajwani’s catering venture proved to be a success since it was able to be established on several continents. In 2002, he founded DAMAC Group which subsequently became arguably the best property developer across the Middle East. Hussain Sajwani’s outstanding expertise has been the main driver behind DAMAC Group’s success. The firm has been able to spearhead numerous mega projects in the Middle East and other countries such as England. Besides this, DAMAC has partnered with other leading brands.
These brands include Drake and Scull International, Luis Vuitton and the Trump Organization. The DAMAC Group’s dealings with Trumps Organization has seen Sajwani form a good business relationship with President Donald Trump. This is evidenced by the recent singling out of the Hussain Sajwani family by Trump at an event. He described the family as ‘the most beautiful people.’
DAMAC’s rapid growth saw the firm venture into the hospitality business with about 15,000 hotel rooms. This is one of the indicators of Hussain Sajwani’s great leadership of DAMAC Group. During the 2008 financial crisis, the firm was able to record impressive numbers despite business being at its all-time lowest. DAMAC Group has since continued to grow and consolidate itself as one of the leading companies in what it does.
On the philanthropy front, as the DAMAC owner and more specifically Sajwani has played a big part. He contributed over AED2 million targeting numerous needy children across the globe regarding clothing. Sajwani has even been listed as one of the most influential Arabs all over the world. His excellent work can easily corroborate this in everything he is involved in. As it stands, he is poised to take DAMAC Group to even greater heights.