Hussain Sajwani- The 10th Richest Arab

Hussain Sajwani is one of the most influential Arab personalities and is chairman and the founder of DAMAC Properties UEA based real estate Company that has in prime properties. DAMAC has been reported to have interests in the luxurious properties in the world. Mr. Hussain is ranked as the tenth richest Arab. He also ranks amongst the hundred most notable and influential Arabs in the Arab world. He has worked his way up to become one of the most successful businessmen of his time in the Arab world.

Having attended the University of Washington in the US and acquired a degree in Industrial Engineering and Economics. He was among the very few Arabs on government scholarship that studied in the USA. He was born to an entrepreneur father, and thus his career kicked off at a very high note. He started as a field manager at Abu Dhabi National Oil Company. He later established some hotels and developed an interest in real estate later. His has been a story of determination and persistence. Today, he is one of the most notable business moguls in the globe.

Mr. Hussain is considered a founding father of the property market in UAE. In the mid and late1990’s, Sajwani Hussain built hotels in Dubai after noting that there was quite a large market gap in the sector. He aimed at accommodating the people traveling to Dubai to shop and do business.

His interest in real estate drove him to establish the DAMAC properties company in 2002. DAMAC has grown to be the largest property merchant in UAE. Hussain also sits on the board of some other companies he has co-founded with business partners.

Hussain in a recent interview asserts that diversity in business is good. He also notes that DAMAC properties values diversity a lot and has invested heavily towards becoming the diverse company it is today.

Hussain Sajwani notes that he might not be joining politics of the UAE any time soon. He only hopes that the government will continue implementing policies that are friendly to the business world. Hussain looks into the future with hope and is sure that DAMAC is a legacy on by its own right.

My source: https://www.albayan.ae/economy/local-market/2018-04-18-1.3240562

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