Hussain Sajwani started his entrepreneurial ventures shortly after graduating from the University of Washington. In 1982, Sajwani started his first business, which he still owns today, in the catering industry, which is now referred to as Global Logistics Services. As it stands today, the catering business continues to see extreme success, they manage over 200 projects and serve over 150,000 meals per day. The company serves meals to five-star hotels, army camps, construction campsites, and, among others educational institutions.
In 2002, Hussain Sajwani began his next business when he founded DAMAC Properties, an international property development company that has properties in Dubai, London, Amman, Doha, Egypt, Jordan, and several others. DAMAC has built over 20,880 homes and has a development portfolio of over 44,000 units. Additionally, the company has partnered with a number of brands to create and bring innovative concepts to the market. For example, DAMAC joined forces with Tiger Woods to build a state of the art golf course and Bugatti to create luxury villas.
DAMAC owner, Hussain Sajwani is largely credited with all of the company’s success. He has played a critical role in making DAMAC Properties the fourth-largest public company in the Arab world. He has the ability to transfer his business ideas into reality and provide the leadership necessary to see continued growth. Additionally, Hussain Sajwani, with a net worth of over $4 billion, was named the fourth-richest Arab in the world by Forbes.
However, things weren’t always looking bright for Hussain Sajwani and DAMAC Properties. Beginning in 2008, the company took a major hit, nearly going out of business, when the real estate market crashed. Luckily, Sajwani saw the dire situation the company was in and immediately took action by laying people off, consolidating projects, and doing anything, within his power, to cut overhead costs. It is likely because of Hussain Sajwani’s quick action and management skills that the company made it out alive and continues to thrive today.
More on Hussain Sajwani can be found here: https://www.damacproperties.com/ar/investor-relations/corporate-governance/meet-our-board