DAMAC owner Hussain Sajwani has been nominated for and won so many business awards such as Top CEO, CEO of the Year, Real Estate Tycoon and Real Estate Legend that it’s hard to keep track of them all. When you come to Dubai and see several magnificent buildings with the DAMAC Properties name on them or visit his 5-star resorts, you can see why that is. Some of the best-in-class design companies such as Versace and Just Cavalli have put their imprint on Sajwani’s buildings and their interiors as well, and one thing Sajwani has never stopped doing is following a vision to always do something better. Yet there is always one award he keeps in his office that’s dear to his heart; the award he won for the first business he ever started.
According to Forbes Middle East, before the Hussain Sajwani family business was built, Sajwani was a lower level contracts manager at an oil company, a job he got after graduating from the University of Washington in the US. But he wanted to run his own catering company, so he started one locally in his hometown of Deira, but it grew into a multi-million dollar company with branches all over the world. Hussain Sajwani later merged that catering company into his hotel properties. The award he won was for quality delivery to US troops during the first Persian Gulf War.
Hussain Sajwani had first started buying spaces in Dubai around 1996, but it was 2002 when DAMAC Properties first became incorporated. The company portfolio began with the announcement of the Marina Terrace project which was started in 2003, but it’s come a long way to now building up the AKOYA Oxygen and AYKON City projects, areas that are known as cities within the limits of Dubai but also moving into Europe and elsewhere. View Sajwani’s profile on crunchbase to know more about him.
Arab Hussain Sajwani has also bought many other Middle Eastern manufacturing companies, investment firms and insurance companies as part of DAMAC’s holdings. He also recently sold some of its shares on the London and Muscat stock exchanges though he still owns a high majority of them. But Hussain Sajwani is most known for being a partner and friend of US President Donald Trump and his family. The Trump International Golf Club and Trump World Resort have both come to the UAE thanks to Sajwani’s work.
Article reference: https://www.bloomberg.com/profiles/people/15249401-hussain-ali-habib-sajwani