The United Arab Emirates is known for its vast petroleum oil resources. For this reason, the country is graced with many tycoons, thanks to the massive oil sales. When you talk of Arab moguls, the next thing that comes to mind is oil. Well, that may be the case with many tycoons, but it is totally different with Hussain Sajwani. Over time, he has amassed a lot of affluence and investments in and out of the UAE. Currently, he sits at the helm of his well-connected property development firm, DAMAC.
Hussain Sajwani rose from a humble beginning. He was born in 1956 in UAE and proceeded to acquire his college education at the University of Washington. Soon after, he joined the job market through GASCO, an oil firm, as a Contracts Manager. Unfortunately for the company, he was not ready to work for them for long. As soon as his management experience and skills were sharpened, he opted out of the oil firm to start a catering business of his own. Lucky, business was so good that over time, he began expanding his services all over the Emirates.
Currently, Hussain Sajwani is among the leading investors in Dubai. Due to his entrepreneurial efforts, he led to the expansion of Dubai’s property market by committing a huge amount of his finances in the securities market. Over his investment journey, he also established the world-renowned DICO Investments as his maiden investment company, which was nothing short of successful. Even with all these achievements on his sleeves, Hussain was not done yet. Using his clinical eye in business, he identified an opportunity in the building and construction industry and resolved to establish DAMAC Properties.
DAMAC Properties is a renowned firm that focuses on developing both commercial and residential properties. It has its headquarters in Dubai. The company has experienced incredible growth and achieved significant milestones to become one of the leading property development firms in the whole of UAE.
To date, its accomplishments are countless. It has successfully developed 17,900 new properties and completely transformed other 44,000 that already existed. Due to his amazing achievements, Sajwani has been placed in a global scale that has enabled him to collaborate with prominent personalities in the world like Donald Trump in the construction of the Trump International Golf Club in Dubai. Amid all this success, Hussain Sajwani has a soft heart for the less fortunate in the society. He donated 2 million AEDs in support of clothing a million underprivileged children. Learn morer: http://blog.raynatours.com/top-10-richest-men-uae/