In 2017, DAMAC properties was recognized and ranked by Forbes as the best in their Global 2000 list of the world ventures with the most rapid growth. This achievement was heightened by the staunch efforts, and dedication of the firm’s founder, and chairman – Mr. Hussain Sajwani.
Having graduated from the University of Washington, billionaire Hussain Sajwani began his career with GASCO – a division of the Abu Dhabi National Oil Company, where he served as the contracts manager. Following entrepreneurial empowerment, the DAMAC owner started his own catering business in 1982, a venture which has ultimately succeeded today, with its more than 200 projects in its global subsidiaries, including the Middle East, and Africa.
After pioneering the expansion of property market in Dubai, and develop several hotels, Mr. Hussain Sajwani established his firm, DAMAC Properties, which have been offering property development services remarkably, crowning it as the chief property development firm in the Middle East.
In his global operations, Chairman Hussain Sajwani have intensively worked with the Trump Organization, ideally on their golf course projects. Remaining as the organization’s solid partner, DAMAC Properties have plans of designing another flagship golf course in Dubai – marking as the second Trump’s golf course, after the Tiger Woods.
As an enthusiastic leader, entirely focused and dedicated to seeing his venture expand, concurrently as the community’s sustainability is maintained, Mr. Hussain Sajwani keeps planning for more projects; even after last year’s, 2017, economic crisis. With it being the most severe year for the company, the fortune of the DAMAC owner went down to up to $3.6 Billion, which was a massive cut compared with its previous value, following the sudden fall of the share’s price.
Following his decades’ experience in investments, entrepreneur Mr. Sajwani firmly believes free trade as the most essential tool for business development. With the incentive, the DAMAC owner is immensely ambitious of investing in the major cities of Europe; aiming to give its residents a taste of their luxury properties.
While others see an economic collapse as a plague, Mr. Hussain Sajwani thinks of it differently. Being in the business industry for almost 38 years, and having studied its varying trends, profits and net worth is something that goes down and then revives again. Instead of getting attached to such times, waiting for it to grow back, the DAMAC owner advises that it is much noble to focus on development strategies, including adding work crew, and or improve the services offered, which in turn will help in the building of the brand name.