Hussain Sajwani, Chairman and DAMAC Owner

Emirati billionaire and resident of Dubai, Hussain Sajwani was born in the early 1950’s. He managed to get a scholarship by the government of United Arab Emirates to study in the United States where he joined the University of Washington to undertake two degrees; one in Industrial Engineering and the other in Economics. He has one wife and four children.

He began his career in 1981 when he started working in Abu Dhabi Gas Industries as an accountant. About two years later, he founded a catering business that served the US military and Bechtel and still exists to date as Global Logistics Services. In 2002 he started Damac Properties, a real estate corporation with its headquarters in Dubai, UAE.

Damac properties are part of Damac Group that was formed in 1992 as a catering firm by the same Hussain Sajwani and is estimated to be worth 1.947 billion dollars.

Damac Properties is famous for several projects including a golf course- The Trump World Golf Club Dubai- that was designed by Tiger Woods and is run by the Trump Organization. It is also famous for other properties such as Damac Hills, a couple of hotels, residential and commercial buildings across several countries.

DAMAC Owner Hussain Sajwani and his company are highly committed to giving back to the society and have even formed a branch, the Damac Foundation. In 2017, the foundation donated funds to an initiative by the UAE Vice President and Prime Minister geared towards equipping young Arabs with skills in software development.

In another project by the Ruler of Dubai with the aim of providing food and clothing to children from low-income families, Hussain donated nearly two million AED.

In the Forbes 2018 list of billionaires, Sajwani was ranked as the fourth richest Arab and was able to clinch position 527 overall. He is estimated to be worth 2.7 billion dollars.

He appears to have a close relationship with Trump, as he partnered with him in 2013 in two different golf club projects, offered him a two billion dollar project after he won the elections in 2016 and even attended his swearing-in ceremony.

See this post: https://ebizine.com/damac-owner-and-uae-billionaire-hussain-sajwani/

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