When Hussain Sajwani was growing up, he had the example of his father, an enterprising merchant, to admire. Now it is his turn. When his four children look up at him, they see a titan of industry. Mr. Sajwani, a billionaire property developer, is according to Forbes magazine one of the wealthiest people in the world. His fortune is estimated to surpass $4 billion.
It was only a few decades ago that Hussain Sajwani was a young college student. He was granted a scholarship by his government to study in the United States. He attended the University of Washington, where he earned a degree in industrial engineering and economics.
In 1981 Mr. Sajwani began his career with a position in the finance department at Abu Dhabi Gas Industries. Two years passed before he would strike out on his own, establishing a catering business. He managed to land the U.S. military and Bechtel as clients, and his business boomed. Today that business continues to operate. Nowadays it goes by the name of Global Logistics.
According to Albayan, the success of Global Logistics allowed Mr. Sajwani to invest in real estate development. Thus DAMAC came to be. As property developers go, DAMAC is very special. DAMAC owner, Hussain Sajwani, spares no expense. His properties are among the most opulent in the world. The company owns developments across the Middle-East and has invested £600 million in a signature project in London.
Besides his real estate investments and the hugely successful Global Logistics, Mr. Sajwani is also in the construction materials business. DICO Investments, his holding company, manages his equity positions. His portfolio is nearly as impressive as are DAMAC’s assets.
DAMAC owner, Hussain Sajwani, is equally committed to giving back to society. He has accomplished this admirably through the efforts of the DAMAC Foundation. The foundation is an earnest sponsor of the Emirati governments ‘One Million Arab Coder Initiative.’ The program is designed to provide marketable skills to a million young Arabs in the UAE and elsewhere. Undoubtedly, Mr. Sajwani’s legacy will be difficult to surpass.
Read this: hussainsajwani.com/ar/business-portfolio/