ABOUT HUSSAIN SAJWANI
Hussain Sajwani, a UAE National, is the founder and Chairman of global property development company, DAMAC Properties.
A graduate from the University of Washington, he started his career as a Contracts Manager in GASCO, a subsidiary of ADNOC (Abu Dhabi National Oil Company). After a short period, he established his own business and in 1982 started his own catering venture.
From modest beginnings, the catering division has grown from strength to strength and today is a market leader, managing more than 200 projects and serving over 150,000 meals daily in a number of markets, including the Middle East, Africa and the CIS. In addition to servicing construction campsites, army camps, educational institutions, five-star hotels and onshore / offshore locations, the division specialises in providing ancillary services like camp management, maintenance and manpower supply.
Sajwani was also one of the pioneers of the property market expansion in Dubai. In the mid-90s, he built several hotels to accommodate the growing influx of people coming to the emirate to do business and trade. In 2002, he identified the market opportunity and established DAMAC Properties, which has grown to become one of the largest property development Companies in the Middle East.
Sajwani’s know-how and expertise in the field of property development from marketing, sales, legal, finance and administration is one of the key drivers of the Company’s success and today DAMAC Properties has several prestigious projects in key global cities like Dubai, Abu Dhabi, Doha, Amman, Beirut, Jeddah, Riyadh, Muscat and London.
DAMAC Properties, which employs nearly 2,000 employees, is a publicly-listed Company with shares traded on the Dubai Financial Market. The Company has one of the best track records in the luxury property development market and to date has delivered over 24,000 units, with a development portfolio of over 40,000 at various stages of planning and progress.
As a leading brand in the market, DAMAC Properties has joined forces with some of the most recognisable fashion and lifestyle brands to bring new and exciting living concepts to the market. Projects include a Tiger Woods designed golf course, which will be managed by The Trump Organization, luxury apartments with interiors by Italian fashion-houses Versace Home, Fendi Casa and Just Cavalli, and uniquely conceptualised properties with Paramount Hotels & Resorts, to deliver serviced living at its most opulent.
In October 2011, DAMAC Properties launched its hospitality division, ‘DAMAC Maison’, (now called DAMAC Hotels & Resorts), which will provide bespoke services to residents in more than 15,000 serviced hotel rooms and hotel apartments. This will position the Company as one of the largest hotel apartment operators and developers in the region.
The extraordinary growth of DAMAC can be attributed to the vision and entrepreneurial skills of Sajwani. Listed among the 100 most globally influential Arabs, he has the proven capability to transfer a business vision into corporate reality, and to provide the leadership necessary to maintain continuity and growth.
As an astute businessman and investor, Sajwani also has a proven track record of successful forays into the global equity and capital markets. He currently holds investment portfolios of securities in a number of regional and global markets under DICO Investments Co LLC, his flagship investment Company. This Company focuses on investments in private equities, mergers and acquisitions, and holds majority and minority holdings in publicly traded companies as well as always looking for value propositions in the global and regional investment spheres.
Other areas of business interest for Sajwani are in the world of trading, such as Al Amana Building Materials based in Oman, that represents world-famous names like Villeroy & Boch, Grohe and Dorn Bracht, to name a few. Further business interests in his portfolio include Al Anwar Ceramic Tiles Co, the first and one of only two tile manufacturers in the nation.
Another key investment initiative for Sajwani regionally is Al Jazeira Services, listed on the Muscat Securities Market with a capitalisation of over USD 110 million. The Company was listed in 1997 and since then has produced impressive results in changing market conditions.
Sajwani has also served as member of several boards including the Majan University College in Muscat Oman, Juno Online in New York and Emirates Takaful Company in Abu Dhabi.
Sajwani lives in Dubai with his wife and four children.View Milestones View Milestones