Hussain Sajwani – The DAMAC Owner And Arab Business Mogul

Hussain Sajwani is one of the most prominent businessmen in the UAE and has lots of interests in real estate, the food industry, and stocks. Hussain studies in the United States at the University of Washington where he pursued a degree in economics. Hussain was one of the lucky Arabs that flew to the US and pursued their higher education on a government scholarship. Soon after his studies, he came back to his country and started at the Abu Dhabi National Oil Company as a field officer in charge of contracts.

Hussain left Abu Dhabi National Oil Company after about two years and started working on his own ventures. Considering that Dubai was growing at a very high rate and there was a gap in accommodation in the city due to the influx of traders that were coming to Dubai for shopping. As such, he started by building a number of hotels in Dubai. His investment in the food industry would later become more lucrative when he won several contracts to supply the United States troops in various battlefields with food. This is one business deal that Hussain says was very instrumental in building his empire. When asked in an interview if he would compare the real estate business and food industry, he says that there is more money in real estate that in the food industry. He, however, says that he appreciates that it was his first business and is seen as a deal that measured his abilities to make connections and business in high places.

DAMAC properties, on the other hand, has been an instrumental factor in shaping the DUBAI real estate markets. DAMAC has lots of interest in prime properties in several big cities in the UAE such as Abu Dhabi, Jeddah, Doha, and Amman. The company also has huge interests in properties in the London upmarket. This company is considered the most successful real estate company in the UAE. Further, the company might soon be placed for IPO.

DAMAC Owner Hussain Sajwani has also been in the forefront in promoting education in the UAE. He has recently launched the One Million Arab Coders Initiative. This is an initiative aimed at ensuring that there will be over one Million coders by 2020 in the Arab World.

Related site: http://www.saudiprojects.net/

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