Hussain Sajwani: History of DAMAC Properties

Hussain Sajwani was originally born in the Middle East in a nation of United Arab Emirates. Today he is a billionaire. He has a master’s fortune through the development of the property and other entrepreneurial endeavors. He is also the chairman and founder of the real estate development company DAMAC Properties. This company has been ranked by Forbes as number one on their global 2000 list. This list was developed in order to showcase the fastest growing companies around the world based on the annual growth of their revenues between the years 2013 and 2016. Thanks to the success of his property development company Hussain Sajwani was ranked as the fourth richest Arab in the world with a total net worth of around $4.1 billion.

Hussain Sajwani, the DAMAC owner, was born to a father with an entrepreneurial spirit. His father ran a shop that sold watches among other goods that had been imported from China. Hussain Sajwani was able to receive a scholarship that had been offered by the government. The scholarship allowed students to be sent to the United States of America in order to receive an education. Hussain Sajwani was able to attend the University of Washington where he got a bachelor’s degree in industrial engineering and economics.

After completing his formal education, Hussain Sajwani was able to begin in earnest his career in 1981. He started in the finance department in an Arab company that was in the gas industry. It was only two years later that he began his own company that served catering to various clients. This company is still operational today and is referred to as Global Logistics Services. In 2002 Hussain Sajwani established DAMAC Properties which quickly grew to become one of the largest property development companies in the Middle East. Today the company has been able to help develop over 19,000 apartments since it was originally founded. An additional 44,000 units are slated to be completed. DAMAC Properties was able to hold an initial public offering in 2015 and is now a publicly traded company. Some of the most high-profile properties that have been developed by this company are those properties that have been held by US president Donald Trump.

Helpful site: http://www.albawaba.com/business/pr/damac-needy-children-518106