Hussain Sajwani is the CEO and founder of DAMAC Group, Dubai’s largest private sector development company. The multi-million dollar company specializes in luxury real estate development.
Hussain’s career history
The Dubai billionaire was born in 1956.In 1981, Hussain graduated with a bachelor’s degree in economics from the University of Washington. Immediately after graduating, Hussain became the contracts manager at Abu Dhabi National Oil Company. One year later, Hussain established a catering venture called Draieh Management Services Company. In 1992, Hussain founded Twilight Invest, an investment company. By 1994, Hussain had built four hotels in Deira, the former Dubai business district. In 2002, DAMAC Group was established after the government made a decree to allow foreigners to own property in the UAE.
Hussain Sajwani has been listed among the top 100 most influential Arab in the world. Hussain has acquired many organizations in the Middle East. In 2003, he acquired 40 percent of Al Ahlia Insurance Company in Bahrain. Hussain also heads Al Anwar Ceramic Tiles, Al Jazeira Services and Al Mana Building Materials in Muscat.
Hussain Sajwani is both a family friend and a business partner to the US president –elect Donald Trump and his family. The two business tycoons have worked together to build the Trump International Golf Course Dubai with Luxury villas worth over $2 billion. Another golf course project designed by Tiger Woods is underway. Sajwani is enthusiastic about future business deals with Trump.
DAMAC Group is a multi-million real estate company that develops luxury properties. Under the leadership of Hussain Sajwani, the company has delivered over 16,000 homes and hotels. DAMAC works with renowned brands in interior design and lifestyle. In 2010, DAMAC joined forces with Versace Homes, an Italian-based interior design company to build a tower in Lebanon. DAMAC has worked with Bugatti and Fendi to style luxury villas. The company launched its new branch called DAMAC Maison that deals with hospitality development. DAMAC is in charge of Paramount Hotels and Resorts conceptualization.
Hussain Sajwani is a philanthropist who supports the Dubai Ruler’s Ramadan Initiative. He donated AED 2 million to clothe deprived children around the world.