ABOUT HUSSAIN SAJWANI
Hussain Sajwani, a UAE National, is the founder and Chairman of global property development company, DAMAC Properties and founder and Chairman of the DICO Group of Companies.
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 region and today the company 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 27,400 units, with a development portfolio of over 35,000 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.
As an astute businessman and investor, Sajwani also has a proven track record of successful forays into the global equity and capital markets. He established the DICO Group in the early 1990s as his private investment vehicle. The Group is steered by the team’s extensive experience in investments and financial services, and focuses on building a diversified portfolio of new businesses across geographies and industries like luxury fashion, real estate, hospitality, manufacturing and more.
Today, DICO Group’s global footprint extends across North America, Europe, Asia, Middle East and Africa.
Sajwani currently holds investment portfolios of securities in a number of regional and global markets under DICO Investments Co LLC. 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. He has also served as a member of several boards including the Majan University College in Muscat Oman, Juno Online in New York and Emirates Takaful Company in Abu Dhabi.View Milestones View Milestones