Hussain Sajwani DAMAC Owner: Food Service to Real Estate to Billions

Born in the mid-twentieth century to middle-class parents in Dubai who had an entrepreneurial spirit Hussain Sajwani seemed destined to become a successful businessman. His earliest business education came from watching his parents. Hussain’s father was the proprietor of a watch and pen store, and his mother bought wholesale fabric for resale.

Sajwani remembers listening to stories of things that went right and things that went wrong in the business ventures of his family and took knowledge and inspiration from both outcomes. In an article published at Albayan, mostly he was motivated by the dedicated work ethic of both parents who obviously passed their entrepreneurial spirit to their ambitious son.

All his life Hussain Sajwani burned with a curiosity to know things. His love of learning eventually brought him to the University of Washington where he earned a degree in economics.

He went to work for Abu Dhabi Gas Industries Limited (GASCO), which is a natural gas producing company in Abu Dhabi, United Arab Emirates (UAE). His position was a contracts manager. He quickly moved to another position with GASCO’s parent company Abu Dhabi National Oil Company. Answering the siren’s call of the entrepreneurial life in 1982, he founded a company named DAMAC LLC which evolved into DAMAC Group.

His first business, a food service, is still part of the DAMAC Group. They supplied the American military during the first Gulf war and Americans in places like Somalia and Bosnia. They also served large American companies like Bechtel all over the world. This company was very successful and allowed the DAMAC owner to take DAMAC to even loftier heights in the real estate market.

Hussain also created ZDICO Invest and Al Jazeira Services Co SAOG, two investment firm. In 2002, Hussain Sajwani added DAMAC Properties to the Group. The company was formed to profit from of a Dubai government decree that allowed foreigners to own property in the emirate. Real Estate in Sajwani’s view would take him from making millions to making billions.

Interestingly DAMAC joined forces with pre-presidential Donald Trump in 2013 to develop two golf courses. One, The Trump International Golf Course Dubai opened in February 2017 and the second, the Trump World Golf Course, designed by Tiger Woods, is set to open at the end of 2018. The Hussain Sajwani family includes his wife and four children.

Related blogpost: https://www.bezaat.com/uae/dubai/properties-for-sale/villas-and-palaces/archive/16624035

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