At the heart of the desert kingdom, United Arabs Emirates lays a billionaire who is renowned for his unassailable expertise in real estate properties and his philanthropic acts. Meet Mr. Hussain Sajwani who serves at the legendary property company by name DAMAC Properties as its Founder and Chairman
The DAMAC owner studied at the University of Washington shortly after which he commenced his career at GASCO as the Contracts Manager. Later he ventured into his own business which stabilized him to begin a catering venture in 1982. Under the management of Hussain Sajwani, this catering business became the market leader managing over 200 projects with a serving capacity of 150,000 meals per day across Africa, CIS, and the Middle East.
According to Al Jazeera, in 2002, Hussain Sajwani, the DAMAC owner, went deeper in business and established a real estate business in the name of DAMAC Properties. The company has become one of the largest and successful property development firms in the UAE. His unparalleled expertise in marketing, legal, finance, sales, and administration of property development have formed the propeller of DAMAC Properties’ success.
One of the things this indomitable company is known for is the building of luxurious, quality, and well-designed properties, from hotels to residential buildings, gaming parlors to commercial buildings. Some of the fruits of his company that this DAMAC owner is proud of include Nine Elms Property Limited which is jointly owned venture between Hussain Sajwani’s DAMAC Properties in Dubai and DAMAC International Limited Company.
Also, he is proud of Mina Al Sultan Qaboos and AYKON Maldives Resort property developments. The former is a joint venture between the DAMAC owner and Omran where Hussain Sajwani has the largest share. The latter is based at the Maldives archipelago and is fully owned by DAMAC International Company Limited. It consists of world-class bungalows, villas, spas, dining, resorts, and fitness facilities.
When it comes to the investment field, Hussain Sajwani, the DAMAC owner, owns an investment firm which has more than AED 3 billion worth of assets under its management. The firm is known as DICO Investments which was established in 1992.
In the field of construction and building materials, he serves at Al Anwar Ceramic Tiles Co. and Al Amana Building Material as the Chairman and majority shareholder respectively. The former dominates entire Oman when it comes to manufacturing of ceramics. In the catering sector, he is a major shareholder at Al Jazeira Services Company which a joint venture with Omani Joint Stock Company.
Our source: https://www.watanserb.com/