Hussain Sajwani grew up working for his father after school in Dubai at the family variety retail store. His father made him work very long hours making him remark that being in business for himself in the future would probably not be his chosen vocation. He thought it would be much better if he got a degree and became a professional so he could work regular hours.
Hussain was awarded a scholarship to the University of Washington in the United States where he earned a degree in engineering. He then returned to Dubai and worked for a time for a local oil and gas company in Dubai. It was soon thereafter where he discovered an opportunity.
Sajwani set up a catering firm that provided the food for the US Army in Kuwait and Iraq during the Gulf wars in that region at the time. That served to end his employment and firmly established Sajwani as a first level business owner who was able to get results.
In 2002, Sajwani established the firm of DAMAC Properties, a real estate development company. The UAE had just relaxed the rules and restrictions in regard to foreign nationals immigrating into the country, and Sajwani claimed that this would be the beginning of a great real estate boom, and he wanted to be ready.
Sajwnai and DAMAC got off to a rapid start, thanks in large part to Sajwani’s marketing and promotional skills. The DAMAC name soon was all over the territory and inquiries began to come in on a regular basis. In fact, the very first project that DAMAC put forth was sold out before the construction was even started.
DAMAC quickly became the future for the Hussain Sajwani family as the growth and acceleration of the growth of DAMAC has been outstanding. At this point there are several family members who hold key positions in the company, assuring the continuance of the company. For example, Hussain’s son, Aii Sajwani is the General Manager of Operations of the company.
Hussain, as the DAMAC owner has planned very effectively and the results show it. DAMAC was recently cited by Forbes on their 2017 growing global companies list as number one considering the annual compound growth from 2013 to 2016.
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