Hussain Sajwani: The Billionaire DAMAC Properties Founder

Hussain Sajwani, the DAMAC owner, and founder is known as one of the richest men in the UAE. He has billions of dollars under his name, and he accumulated the vast amount of wealth because of his business in catering services, real estate, and property development.

During his college days, Hussain Sajwani decided to leave the UAE and study in the United States. He attended the University of Washington, taking up a degree that would help him become a successful businessman. When he returned in the UAE, he decided to look for a job and ended up with GASCO, becoming one of their contracts managers. He realized that he would not have a bright future ahead if he stays with GASCO, so he resigned after working with them for some time and established his own food catering business in 1982. The food catering business owned by Hussain Sajwani managed to get the attention of the US military personnel assigned in the UAE and the employees from Bechtel. Soon, his company grew larger until he earned his first millions. He never realized that a food catering business would be profitable, and he thought of building another business that would keep his money running.

He founded the DAMAC Properties in 2002, precisely 20 years after he started doing business. The DAMAC Properties became one of the most successful real estate and property developers in the country, and he soon began building projects for other Middle Eastern states. DAMAC Properties became a multi-billion dollar firm, giving Hussain Sajwani the riches that he longed for.

After he was named as one of the richest men in the UAE, other business people from all over the world visited him to do business transactions. One of those men who visited Hussain Sajwani was Donald J. Trump. He signed contracts with DAMAC Properties, and they agreed to build golf courses, hotels, and other facilities that will be directed to tourists. When Donald J. Trump won the 2016 Presidential Elections, Hussain Sajwani felt delighted and congratulated his business partner regarding his newest victory. The two have kept their friendship, with Donald J. Trump occasionally visiting the UAE to meet the real estate mogul.

Continue reading this: http://www.thenational.ae/business/industry-insights/property/damac-chairman-relishes-his-roots

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