Hussain Sajwani is a real estate investor and developer. The individual is the founder and the CEO of DAMAC properties, which ranked number one on the Forbes 2017 list of the fastest growing global company based on the annual growth rate of revenue from 2013 to 2016. Also, Hussain Sajwani ranked number four in the Forbes 2018 ranking of the wealthiest Arab billionaires with an estimated net worth of $4.1billion
Born in 1956, Hussain Sajwani got raised in Dubai. Sajwani showed excellence in academic helping him to acquire a government sponsorship to study at the University of Washington where he acquired a bachelor’s degree in industrial engineering and economics. After school, Hussain Sajwani secured a job with GASCO, a gas company that operates under Abu Dhabi national oil company. While he still worked with GASCO, the CEO of DAMAC opened a small catering venture where he invested much of his money and resources. Later, the business grew and changed its name to Global Logistics Services. Some of the primary customers of the company include the US army and Bechtel Company.
Hussain Sajwani went ahead and decided to invest in real estate. The leader began by acquiring land in the neighborhood; in areas not seemed attractive for real estate investment then. The CEO of DAMAC is different from other investors since he discovers opportunities far ahead; thus, he employs his knowledge to comes up with a long-term project. Some years later, the undeveloped land gathered momentum growth following Dubai’s decision to allow foreigners to acquire properties in Dubai. This growth led to the establishment of DAMAC properties that grew to become one of the biggest names in UAE for the last five years.
Today, DAMAC is one of the biggest real estate companies globally. DAMAC has developed a portfolio for more than 44,000 units to satisfy their customers. Recently, DAMAC collaborated with Tiger woods to design a golf course known as trump World Golf Course.