How Hussain Sajwani is Making an Impact in the Global Business and Philanthropy Worlds
Hussain Sajwani is a renowned entrepreneur, philanthropist, and wealthy property developer of UAE origin. He is now based in Dubai, where his multi-billion property development venture, DAMAC Properties, has its head office. Besides being the brains behind the property development venture, he serves as chairperson of its executive board. Sajwani managed to work with prominent people like President Donald Trump through DAMAC Properties.
Hussain Sajwani was brought up in a business environment. His father was a businessperson dealing in imported goods like shirts, watches, and pens from China. Sajwani proceeded to the University of Washington on a government scholarship. He graduated with an undergraduate industrial engineering and economics degree from the institution. This degree paved the way for his successful entrepreneurial journey.
In 1981, Hussain Sajwani became part of the staff of Abu Dhabi Industries. After working in the firm’s finance department for two years, he founded Betchel to operate as a catering venture. Betchel, which rebranded to Global Logistics Services, targeted the U.S military with its top-notch catering services back then. Sajwani developed an interest in the lucrative real estate market in Dubai. His interests inspired him to start a property development venture known as DAMAC Properties in 2002.
As of 2015, DAMAC Properties was operating as a publicly-traded company with its shares listed in the Dubai Financial Market. The company is currently developing over 44,000 units. It is also reputable for completing 19,000 apartments. DAMAC’s most notable project features a golf course. This golf course is under the management of The Trump Foundation. Tiger Woods is also listed as an executive designer of the project.
Hussain Sajwani as an Investor and Philanthropist
Hussain Sajwani spent over €600 million when investing in Aykon London One tower. The Versace-branded tower is situated in Nine Elms, London, UK. In 2017, Gulf Business recognized Hussain Sajwani in its top 100 most influential Arabs in the world list. Sajwani also expressed his support for those affected by the Huda storm in 2011. He presented the UAE Red Crescent with a check of AED 1 million to show his support for the victims of the storm. He made this donation through his company, DAMAC Properties. Learn more: http://www.cnn.com/2017/01/02/politics/donald-trump-new-years-eve-speech/