Hussain Sajwani is the current CEO and executive chairman of DAMAC properties. He is also the chair at Al Jazeira Services Company, Al Anwar Ceramic Tiles Company and the DAMAC Holding LLC. The DAMAC owner established his empire with a professional catering company established in 1992. Here is a brief outlook on his career journey, family and business.
Hussain Sajwani was born in the year 1954. Hussain Sajwani family was a conservative middle-class based in Dubai. He enrolled at the University of Washington and graduated with an economics degree. As a young man he had thirst for knowledge and clinching a white collar profession. According to his biography, he wanted to be among the people who work for standard hours. He even took up a course in a medical college based in Baghdad through a government scholarship but did not complete it.
Hussain Sajwani DAMAC owner was initiated into the word of business from a young age. His father owned a pen and watch store in Deira district. He also handled a few real estate projects based in Dubai. Hussain Sajwani’s mother used to hawk goods to the local ladies especially fabrics, which she bought at a wholesale price from the market. Hussain started working at his father’s shop when he was three years old and learned a lot on the afflictions that businessmen go through. He was greatly inspired by his father’s amazing skills, hard work as well as ambition. He however, did not wish to join the family business due to the harsh experience and instead chose the entrepreneurship path.
After completing his university education in Washington, he went on to join GASCO as the contracts manager. Shortly afterwards, he moved to the Abu Dhabi National Oil Company where he was a subsidiary. However, his eagerness and ambition to become a successful businessman saw him establish his own company, which he named DAMAC in 1982. His hard work and smart skills enabled DAMAC LLC to become the DAMAC Group. Hussain Sajwani went on to establish an investment corporation named ZDICO Invets in 1992. He also established the Al Jazeira Services Co SAOG. This company has a capitalization of more than US$125 million.
DAMAC Properties is a leading brand in the marketplace and as such joins forces with other huge brands. It does this to bring more exciting and fresh living concepts in the market. The company has worked with The Trump Organization in building a golf course designed by Tiger Woods, a world-renowned golfer.