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 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.
United Technologies Corporation is a company that is renowned because of the work of Louis Chenevert. He is known to have excellent leadership skills, and he has succeeded in the design of some of the best jet engines in the world. These jet engines are made to offer service to the military and other commercial needs.
Louis Chenevert has managed to become an exceptional businessman because he is always striving to improve. That is what he has used over the years to remain at the top of the game. He has worked hard to establish a secret for success that others have failed to discover. He has mastered the dynamics of investment. According to him, investment should always consider being innovative because the future of business is advanced technology. Louis can best bedescribed as an entrepreneur with outstanding leadership qualities and the head of top successful companies.
Louis has a proper understanding of the working of the trends in the market. His goal to satisfy what the customers and that is why he has made a massive investment in his company. Chenevert has accomplished a lot of things since he started his career. With such investments, he has changed the industry and is one of the key players in the market. His top leadership at UTC made the company to gain popularity in the industry, and he has done a lot to ensure the company succeeds in many ways.
He established a program known asEmployee Scholar Program with the primary aim of helping the employees of the company to pay bills to earn degrees in the fields they are interested in joining. Since the company began, it has helped employees to receive over thirty thousand degrees. It is an achievement that is noticeable. They acquired Goodrich, and this is a massive investment because the company was involved in a deal of billions of dollars. The successful entrepreneur was appointed to become the CEO of the company at the time when the United States was going through hard times in its economy, but he managed to maintain the company.
The real estate market of Dubai is one of the most lucrative in the world as not only is it filled with numerous luxurious choices in residential and commercial space, but is also amongst the most profitable. The decree of the UAE government allows for the foreign investors to invest in the real estate of United Arab Emirates, and it is this provision that attracted the already successful entrepreneur Hussain Sajwani back to Dubai. Born and raised in the United Arab Emirates, Hussain Sajwani completed his studies from the University of Washington in Industrial Engineering and Economics. After finishing his studies, Hussain Sajwani like any other graduate took an average day job at Gasco, one of the leading oil and gas firms.
However, Hussain Sajwani soon realized that a salaried job is not his cup of tea, and started his entrepreneurial journey by starting Al Jazeera Services. It is an industrial catering firm that provides support and meals to the industries, has worked with major organizations like the construction giant in the United States, Bechtel, and the United States Military Service. Even as the Al Jazeera Service was running well, Hussain Sajwani decided to branch out to the real estate sphere because of the many opportunities it presented in the Dubai real estate market. He relocated to Dubai and purchased a land plot on the outskirts of the city, and the 35 story project he developed was sold out within six months, even when the construction of the project hasn’t started.
Since then, Damac Properties, owned by Hussain Sajwani, has never looked back since. Damac Properties has grown exponentially over the years and has completed thousands of residential and commercial projects since it started in 2002. The success of Damac Properties has put Hussain Sajwani on the Forbes list as the third-richest in the United Arab Emirates with the estimated net worth of close to $3.8 Billion. Hussain Sajwani believes in giving back to the society and empowering local communities and has a thriving corporate social responsibility policy in his firm, Damac Properties.
Damac owner recently announced a huge donation of AED 2 Million to provide clothing to over a million kids globally. Hussain Sajwani has been in the news recently for his relationship with Donald Trump, United States President. Hussain Sajwani family also knows the Trump Family well and are seen dining together on many occasions. Damac Properties and Trump Organizations continue to work together on many large-scale real estate projects.
Success and hard work are concepts that are understood very clearly by Mr. Hussain Sajwani, a resident of Dubai. The United Emirates Economy is considered to be a very viable for business. However, it is impossible to mention its success without making reference to personalities such as Mr. Hussain Sajwani. Middle East region boasts of unique infrastructure development that has created a favorable business environment. This atmosphere has been made possible thanks to the effort of people like the Damac owner Hussain Sajwani.
Hussain Sajwani, who initially specialized in the food industry started out by purchasing a section of land that was undeveloped. His previous experience in marketing helped him sell 38 units of a building which had not even started being built. As time passed by, he saw the greater opportunity that existed in the real estate market. So, he ended up creating Damac Properties back in 2002. His company primarily specializes in Real Estate Development.
Hussain Sajwani did not start out as a successful business person, but he initially had to work for other firms such as the Abu Dhabi National Oil Corporation and GASCO. It is after graduating from the University of Washington that he ended up in the employment industry and worked for such big Companies. He eventually gained vast experience and skills which helped him to venture slowly into the real estate market. Currently, Damac Properties boasts of having employed over 2000 workers and having developed over 16000 houses.
Hussain Sajwani, a close personal friend to Mr. Donald Trump, has managed to set foot permanently in the real estate development industry. His friendship with Mr. Trump is also, somehow based on the different business undertakings of the two billionaires. Hussain Sajwani’s firm has helped in creating two golf courses for the Trump Organization namely; the Trump International Golf Course and Tiger Woods Golf Course that was also designed by Tiger Woods himself.
The Hussain Sajwani family is very united. Most of the time, he seeks the advice of his household. For instance, the advice that he got from his father was what partly propelled him to great success. His family is also very close to that of Donald Trump since it is evident that they spend holidays together. This closeness is an indication that their association is not entirely based on the businesses that they individually have.
His Philanthropic character was exhibited, when he offered to provide food and clothing for the needy persons all over the world during the Ramadan period.
AvaTrade was established initially in 2006 and was referred to as AvaFX. It is an online CFDs and forex broker found in Dublin in Ireland. Avatrade offers its clients more than 250 instruments of trade that range from Indices, Stocks, ETFs, Cryptocurrencies and Bonds among others. Since its establishment, Avatrade has experienced tremendous expansion offering service to more than 200,000 accounts globally. In a month, this broker executes over 2 million transactions and many times it exceeds the $60 billion mark in totality. Apart from Dublin, this broker also has some offices in other big cities all over the world such as Paris, Nigeria, Shanghai, Milan, Tokyo, Sydney, and Ulaanbaatar; Mongolia. Ireland’s Central Bank regulates AvaTrade. Other famous regulators such as Financial Services Commission and the Australian Securities & Investments Commision(ASIC) also regulate this broker.
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Hussain Sajwani, the founder and CEO of Damac Properties, is acclaimed to be a key player in the Emirates real estate industry. As an investor and influencer of the industry, he has gone through high and low that have significantly affected his business. For instance, the 2008 economic recess severely affected the real estate industry. Despite these challenges, Sajwani has been able to build an empire that is influencing the industry in the region and across the world. In a recent interview with the Arabian Business, he illustrates his success story of how his business rose, fell, revived and the future.
The first questions revolved around his childhood. He contemplated that he started working at a very young age at his father’s shop. Although the shop may have been small, the experiences imbued ambitions in Hussain Sajwani. After spending time studying in the US, he returned to the Emirates in 1982 where he started his career in the gas industry. After two years, he ventured into businesses by establishing a catering company. In 1996, he started the Sajwani properties which constructed the first three-star hotel in Deira. The name of the company was later changed to Damac properties and continued to soar to greater heights until the 2008 economic crush.
Damac Properties had grown exponentially and dominated the market during the crash. It was apparent that the company would suffer immensely. The Damac owner indicated that he saw the crisis coming and immediately put measures to mitigate the situation. Although the measures slightly cushioned the business, it was very difficult that it took several months to get back.
Revival and the future
After the crisis, Damac Properties made a stunning comeback by raising an IPO in the London Stock Exchange. It was the first real estate company from the Middle East to list in the London Stock Market. The IPO raised over three hundred million dollars that helped the company get back to business. According to Sajwani, the company is looking at investing Aggressively overseas especially in Europe. His dream is to spread Damac properties across the world.
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National Steel Car’s CEO and president, Gregory James Aziz, was born in London Ontario. He first attended Ridley College, and later he completed his economics degree after graduating from the University of Western Ontario.
National Steel Car, which is based in Hamilton, Ontario, is a manufacturing company that specializes in engineering railroad freight cars. It is among the world’s leading companies in this industry.
He joined his family business in 1971. Gregory J Aziz ‘s family ran a business called Affiliated Foods, which was in the industry of wholesale foods. The company’s role was to import a variety of fresh foods from locations such as Europe and South and Central America. Affiliated Foods then distributed these foods throughout Eastern Canada and the United States, where they were sold at various wholesale markets for fresh foods.
In the late 1980s and early 1990s, Gregory J Aziz worked in New York on opportunities in the world of investment banking. Later, he went on to buy National Steel Car in 1994 from its previous owner, Dofasco. His goal was to turn the already successful Canadian company into the best manufacturer of railroad freight cars in North America. Gregory J Aziz focused primarily on the company’s strength, which was it s engineering capabilities. After investing a significant amount of capital, he grew the company to the point of manufacturing 12,000 cars per year in 1999. This was a great improvement over the 3,500 cars per year it was able to manufacture when Greg James Aziz first took over leadership. Go Here for related Information.
Thanks to his efforts, National Steel Car is now one of the most prominent companies in industry, and it continues to manufacture thousands of new freight cars every year. The TTX SECO highest quality award has been consistently awarded to National Steel Car for several years now, which has publicly recognized the company’s excellence.
Greg J Aziz’s National Steel Car is quite dedicated to serving the Hamilton community and giving back in a variety of ways. The company has sponsored the United Way, the Hamilton Opera, the Salvation Army, Theatre Aquarius and a number of other charities in the area.
Sometimes a company needs a revival and a new strategy in order to continue to compete in its industry. This is exactly what National Steel Car, a manufacturer of rolling stock and railcars located in Ontario, needed. It is easy to sit and think about how a company can go through this type of revival, but it takes true heroes and titans of business to actually do it. Lucky for National Steel Car and the economy of Hamilton, Ontario, this titan of business was Gregory J. Aziz.
Gregory James Aziz was born and raised in Ontario. After graduating from the University of Western Ontario with a degree in Economics, he started working for a small food distributor named Affiliated Foods. Under his supervision and leadership, Affiliated Foods grew its distribution networks into South America, the United States, and even Europe. When he arrived, Affiliated Foods was just a purveyor dealing mostly in Ontario, and when he left it was an international company that was focused on the future. After spending about a decade working with some investment firms. Greg Aziz decided to purchase National Steel Car and do it all again.
Aziz found his way to NSC in 1994, and when he purchased the company, it was focused on an old business model in a dying industry. Something had to be done and the strategy had to be changed if this company was ever going to see success again. Greg Aziz did a thorough analysis of the company and found that it was failing for a few reasons.
First of all, distribution was only to Canada, so Aziz wanted to expand to other markets. Secondly, NSC was focused on making cars that were cheap and easy to purchase for customers instead of high-quality. Due to several rail accidents in recent years, regulatory agencies were focused on safety and engineering. Aziz decided that the new focus of the company should be building quality cars that would last for decades and always pass these regulator tests. The third item that Greg Aziz found was that they would need to increase capacity to deal with new demand after implementing the first and second strategies.
With Gregory J. Aziz at the wheel, National Steel Car has never been better. The focus on quality has attracted several new customers, and NSC now has contracts with almost every major railroad in North America. Capital spending has increased the production capacity of the company nearly 300 percent. The focus on engineering has created a product that everyone wants. Thanks to his business acumen and ability to get things done, Gregory Aziz has ensured that NSC will be around for a long time to come. Go To This Page for related information.