Posted in Business Finance, Business Leader

Hussain Sajwani, Business Magnate and Celebrity Magnet

Arab Emirate real estate magnate, Hussain Sajwani is primarily known for his shrewd business sense, lavish buildings and property development company, DAMAC. However, Mr. Sajwani is also very popular with numerous celebrities whom he regularly affiliates with during, and sometimes as a part of, his business plans. Some of these notable collaborators include American golfing sensation and entrepreneur, Tiger Woods (who has aided the Sajwani family in the design of one of their golf courses) and even Donald J. Trump who has known the Arabian business guru since 2013.

But Mr. Sajwani was not always in such a privileged position; indeed he began his career working a minor detail position in GASCO as a contract manager. Shortly thereafter he used the insider and business know-how obtained from that time and founded his own company, a catering outfit which served policemen, military personnel and various different companies that worked offshore where good, fast food was hard to come by with any regularity. That venture, too, was a success, but not one that would have garnered him the popularity and stardom he enjoys today.

According to Forbes, University of Washington educated Mr. Sajwani started out much like most other independent business men with a tiny little company that, though successful, was hardly enough to make one rich. However in the early 80s Mr. Sajwani created a little property outfit called DAMAC. The company was dedicated to developing a plethora of new market niches afforded to the region by a new decree that allowed foreigners to own property within the Arab Emirates. In an interview, the DAMAC owner said that he utilized the situation beautifully and, in conjunction with some very smart investments outside of real estate, such as in the popular news company Al-jazeira, he was able to catapult his company to fame and himself and the Hussain Sajwani family to stardom. Currently, Mr. Sajwani is one of the single wealthiest men in the entire Middle Eastern region with a net worth over 3.8 billion and a legion of various different investment portfolios and properties and is still working with Donald Trump in the development to not one, but two, different, massive golf courses. Also see these interview of Sajwani with CNBC.

Reference: https://www.thenational.ae/business/damac-chairman-relishes-his-roots-1.478924