The DAMAC Properties is one of the leading property development companies in the world, and it was founded by Hussain Sajwani, who currently serves as the company’s chairman. He graduated from the University of Washington, taking up a degree in Economics and Industrial Engineering. After he attended the university, he decided to go back to the United Arab Emirates and work for a company named GASCO. He stayed there only for a short time and decided to leave after he had an idea of building his own business. He opened a firm offering catering service in 1982, and it grew tremendously, being a market leader. The firm managed 200 projects at its height, serving 150,000 meals every day. The catering services firm founded by Hussain Sajwani further expanded into the Middle, Africa, and central Asia.
In 2002, he joined a group of pioneers who envisioned Dubai to become fully develop and become a global city. He felt a positive vibe in the plans of the pioneers, and decided to establish the DAMAC Properties and joined the city’s development. He managed the business well, and it became a leading property developer in the Middle East. Today, his company has projects in key cities in the Middle East, including Dubai and Abu Dhabi in the United Arab Emirates, Jeddah and Riyadh in Saudi Arabia, Doha in Qatar, Amma in Jordan, Beirut in Lebanon, and even as far as London in the United Kingdom. Around 18,000 homes and properties have been built under the supervision of DAMAC Properties, and hundreds more are currently under construction.
According to eremnews.com, the growth of DAMAC Properties can be attributed to Hussain Sajwani’s vision for the future. He also developed a great leadership and entrepreneurial skills from his catering services firm, making it easy for him to manage his real estate business. Because of his successful career, he was recognized by several institutions as one of the most influential Arabs. Hussain Sajwani is also an active philanthropist, donating millions to charities and foundations, and even spearheading programs that would help the less fortunate people through giving food, clothes, and other essentials.
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