Success Does Not happen overnight: a shade on Hussain Sajwani, Owner of Damac Properties

Hussain Sajwani was born in 1952 and is the owner and chairman of Damac properties. He is 65 years old, and he currently lives in United Arab Emirates, Dubai. He obtained an Industrial Engineering and Economics degree from the University of Washington, under a government scholarship. Damac properties have made Sajwani be widely known as a successful real estate developer. The company was ranked the first in the Global 2000 list in Forbes 2017.

The businessman kicked off his career in GASCO as a contract manager and later left to start his own business in the year 1982. The catering business grew gradually, and today, it is the trendsetter in the catering industry. It currently manages over two hundred projects and serves over 150,000 meals in a day in various markets including Africa, Middle East, and CIS. The division offers several services like servicing army camps, construction campsites, educational institutions and five-star hotels. Additionally, it specializes in providing maintenance, workforce supply, and camp management services among other ancillary services.

A recent interview reveals that the businessman was ranked the wealthiest billionaire in UAE in 2017. He is an employer of over 2000 people thus being the primary source of income for many households. The company’s shares peeked after the company partnered with the Trump Organization to open its first Golf Club. According to Forbes, the net worth of the businessman has increased from 3.7 billion dollars to 4.3 billion dollars in the past six months.

According to Bloomberg, the optimistic nature of Hussain Sajwan led to the success of the company since its establishment. He says that the main things that have contributed to the success of the real estate company are the ability to adapt and react to changes as well as positively dealing with the realities of the markets at all times. In fact, he prides himself in being the lone survivor in the market after the 2008 crisis that led to the stagnation of many companies.

Helpful resource: https://lookup.ae/news/9700/interview-with-hussain-sajwani-the-man-behind-damac