A UAE national by name Hussain Sajwani is chairman and owner of the DAMAC Properties, a company that deals with global property development. Sajwani is a University of Washington graduate who started his career in GASCO as a Contracts Manager. He started his catering venture in 1982. His catering business had a modest beginning but it has grown from strength to strength. Today, his catering business serves more than 150,000 meals everyday it is a market leader of over 200 projects. It serves meals in Africa, CIS and Middle East. DAMAC is reputable for servicing offshore and onshore locations, five-star hotels, educational institutions, army camps and construction campsites.
Hussain’s company also specializes in providing manpower supply, maintenance and camp management. Hussain happened to be one of those who expanded property in Dubai. Many people were coming to emirate for trade and business. For this reason, Hussain built several hotels to ensure those who came for business were accommodated. After identifying the markrt opportunity in 2002, Sajwani established DAMAC Properties. It is today among the largest companies in property development in Middle East.
Sajwani, the DAMAC owner has immense expertise and knowledge in the property development field. He has profound know-how in administration, finance, legal, sales and marketing. Some of the global cities where DAMAC Properties has prestigious projects include London, Riyadh, Jeddah, Beirut, Amman, Doha, Abu Dhabi and Dubai. It is a publicly-listed company with about 2,000 employees and its shares are usually traded on the Dubai Financial Market. In the property development market, Sajwani has the most luxurious properties. Besides having a development portfolio of more than 44,000 units, DAMAC Properties has built more than 20,230 homes.
Sajwani, the DAMAC owner is an astute investor and businessman who have succeeded in the capital and global equity markets. He has investment portfolio securities in both global and regional markets. He has a flagship investment known as DICO Investments Co, which focuses on acquisitions, mergers, and private equities. He has minority and majority holdings in most companies traded publicly. Sajwani is married and is a father of four children. He is a board member of Majan University College and Abu Dhabi Takaful Company.