Hussain Sajwani Twenty First Century Mogul

Hussain is a billionaire property developer and founder of the real estate development company known as DAMAC Properties. Having been ranked number one by Forbes magazine in 2017, the company hit the Global 2000 list of the fastest growing global companies based on compound annual growth rates from 2013 to 2016. Graduating from the University of Washington, Hussain started his career as a Contracts Manager in GASCO, a subsidiary of Abu Dhabi National Oil Company. After learning the inner workings behind the scenes regarding contracts responsible for new development, Hussain went on to found his own development company, DAMAC Properties.

In addition to his development company DAMAC Properties, Hussain Sajwani started his own catering service in 1982. This enterprise has grown to become a leader in the market, servicing more than 150,000 meals a day in a number of countries, including the Middle East, Africa, and the CIS. In addition to this, Hussain’s catering service also services construction worksites, educational institutions, and five-star hotels.

Being one of the pioneers in the Property market expansion which took place in Dubai in the mid-90s, Hussain had a significant impact on the countries overall growth and development. In the early 90’s, Hussain was busy at work building several hotels to accommodate the ever-increasing influx of people coming to the emirate to do business. Identifying the market’s needs, Mr. Sajwani proceeded to found DAMAC Properties in 2002, it has grown to become one of the largest property development companies in the Middle East. He has been active in building prestigious projects in key global cities like Dubai, Abu Dhabi, Doha, Amman, Beirut, Jeddah, Riyadh, and London. The company has one of the best track records in the luxury property market, delivering over 21,000 homes with a portfolio of over 44,000 industrial and private units in various stages of development. Hussain’s company DAMAC Properties also employs over 2,000 employees with shares traded publicly on the Dubai Financial Market.

Another key area of investment opportunities for Hussain Sajwani is Al Jazeera Services boasting a capitalization of over 110 million US dollars.

Sources:
https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board
https://en.wikipedia.org/wiki/Hussain_Sajwani

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