DAMAC CEO and Founder Hussain Sajwani

DAMAC owner Hussain Sajwani is the CEO and founder of Dubai-based DAMAC Properties, a luxury real estate development company. According to Forbes, DAMAC was ranked as the number one fastest growing global company as of 2017, and DAMAC owner Hussain Sajwani was ranked the world’s 4th richest Arab in 2018. But this success did not come overnight.

 

DAMAC owner Hussain Sajwani graduated from the University of Washington and began his career in 1981 as a contracts manager for Abu Dhabi Gas Industries’s finance department. He quickly moved on to the food services business, where he started the catering company Global Logistics Services in 1982. Global Logistics Services, which is still a thriving business today, has an impressive clientele including the U.S. military and construction giant Bechtel.

 

DAMAC owner Hussain Sajwani switched his focus to the real estate industry and founded DAMAC Properties in 2002, which is now one of the largest property development companies in the Middle East. To date, the company has delivered over 20,880 units, with a development portfolio of over 44,000 in various stages of production.

 

DAMAC Properties is a publicly-listed company listed on the Dubai Financial Market. The company has partnered with some of the world’s most famous lifestyle and fashion organizations to collaborate for their projects. These include golf courses like the championship-standard Trump International Golf Club Dubai, which was opened in February 2017 with a ceremony involving Donald Trump Jr and Eric Trump. The Trump World Golf Club Dubai is another course designed by Tiger Woods and managed by The Trump Organization, located in the DAMAC Properties development AKOYA Oxygen. DAMAC Properties has also developed luxury developments with interiors by Versace and Fendi, villas styled by Bugatti, and properties with Paramount Hotels and Resorts.

 

As the DAMAC owner, Hussain Sajwani upholds corporate responsibility through his philanthropic initiative, the Hussain Sajwani – DAMAC Foundation. In 2017, the foundation sponsored Dubai Future Foundation’s One Million Arab Coders Initiative, which provides free software development training to one million young Arabs. It has also donated millions of dollars to organizations such as the Dubai Autism Centre, Dar Al Ber Society, and for several campaigns by the Emirates Red Crescent.

More on the DAMAC Owner: https://al-ain.com/article/damac-chief-sell-15-stake

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