Hussain Sajwani: A Philanthropist and a Successful Businessman

Hussain Sajwani has been transforming the real estate and property development industry in the Middle East. He is one of the five billionaires coming from the UAE, and his current net worth is at $2.8 billion. He is currently serving as the chairman and the CEO of the DAMAC Properties, a company which he founded in 2002. The DAMAC Properties has become one of the most successful real estate developers in the Middle East, and they have been involved in numerous projects throughout the region. He currently enjoys success because of his hard work and determination to reach the top, and everything began with a dream.

According to Forbes.com, after he graduated from the University of Washington, Hussain Sajwani decided to go back to the UAE. He found a job as a contracts manager for GASCO, but he immediately left his post after learning about the complicated duties assigned to the job. He told himself that being an entrepreneur is the only way to success, so he opened up a catering business in 1982, serving the US Army soldiers from a nearby base and the employees at Bechtel. The catering business gave him his first millions, but he thought that he could still do better, so he ventured out in the real estate and property development firm and established DAMAC Properties.

The growth of his real estate and property development firm was unexpected. In a few years, the company has been involved in the construction of several residential and office complexes throughout the Middle East. He also had a business relationship with Donald Trump and other influential real estate business people. One of the most recent projects tackled between Hussain Sajwani and Donald Trump is the construction of the Trump World Golf Course, which will be opened later in 2018.

Aside from managing his businesses, the DAMAC Owner is also an active philanthropist. He has donated over two million AED recently to a project which aims to provide new clothes to poor children around the world. He has also given one million AED in the past for a campaign that was launched to help the refugees in Jordan and Lebanon. Instagram: @hussainsajwani

Read full article: https://www.thenational.ae/business/property/damac-s-founder-ready-to-sell-15-per-cent-stake-1.696071

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