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Hussain Sajwani, DAMAC Owner

Published / by thehillsadmin / Leave a Comment

In 2018, Forbes ranked Hussain Sajwani as the 4th richest Arab worth approximately 4.1 billion dollars. But this kind of success was years in the making. Throughout his childhood, Hussain Sajwani worked hard in school, and consequently, earned a scholarship to the University of Washington, where he graduated with a bachelor’s degree in Industrial Engineering and Economics. After graduation, he took a job with GASCO, a natural gas company, but quickly developed an interest in catering.

This launched Hussain Sajwani into his current role as CEO of DAMAC. What started as a small catering business quickly evolved into an international logistics company, supplying meals to US Forces throughout the Middle East. Despite this incredibly lucrative venture, Hussain Sajwani never stopped imagining something greater. The DAMAC Owner diversified his company, moving into the hospitality industry. Currently, the company serves over 150,000 meals daily.

With these profits, Hussain Sajwani began investing in real estate by purchasing land in undeveloped neighborhoods. Many developers saw this as a foolish choice, but a few years later, ex-patriots from all over the world began purchasing these properties. And this was the beginning of DAMAC Properties, which would eventually become one of the most well known companies in the UAE. Eventually, he was able to literally change the Dubai skyline by building towers that attracted investors the world over, earning the nickname The Donald of Dubai.

Once again, the DAMAC owner could have sat back and enjoyed his success, but instead he chose to keep expanding. By creating partnerships with Versace and Ferrari, he pushed luxury to a new level. At the same time, he expanded his business portfolio to include DICO Investments Co LLC. But what does the 4th richest Arab do with his money? Hussain Sajwani created the DAMAC Foundation, which has recently sponsored a free online program intended to give Arab Youth coding skills. Additionally, he donated $272,000 to Yemen We Care to provide healthcare and education to Yemini war victims. Hussain Sajwani continues to encourage development in his country, whether by constructing new buildings or investing in people.