Billionaire Dubai businessman, Hussain Sajwani Plans Future Moves
Dubai businessman, Hussain Sajwani began life as the son of a small shop owner in Deira and has seen the highs and lows of international business success as the founder and owner of one of the largest and most successful, global luxury real estate development companies in the world–DAMAC Properties, which has reported global real estate holdings of more than 40,000 and property in locales as diverse as Saudi Arabia, London, Qatar and Lebanon. Sajwani is listed by Forbes as one of the wealthiest Arabs on the planet, with purported assets totaling more than $4 billion. While DAMAC has positioned itself as one of the world’s leading luxury property development companies–known for such extravagant features as Versace-designed apartment interiors and the enlistment of golf phenom Tiger Woods to design one of its properties golf courses–Sajwani’s modest upbringing belies the heights to which he has climbed in his phenomenally-successful decades-long business pursuits. As previously mentioned, his father was a small shop owner who sold various import items and was one of few Emiratis who sold Chinese imports back in the 50s and 60s. Sajwani spent many days watching his father’s business savvy at work and thinks its probably in his ‘blood’ since his grandfather was also an entrepreneur.
He also believes he has been in the right place at the right time for some of his earlier ‘luckier’ opportunities, like being one of the first Emiratis to be offered a government-sponsored university scholarship to study in the United States. Sajwani took full advantage of this golden opportunity and was amazed by the contrast between life in the US and Dubai. He eventually obtained his Bachelor’s Degree in Industrial Engineering and Economics and once he returned home, also came with a burning desire to parlay his American education into something great in Dubai. Initially, Sajwani worked in finance, as a contract manager at Abu Dhabi Gas Industries; but soon grew weary of the corporate grind and decided to venture out on his own. Entrepreneurship was indeed in his blood and he answered the call as it beckoned.
His first business venture was food catering in Dubai, which quickly struck gold when it secured contracts with US Military and its contractors. The business is still going strong decades later and is now called Global Logistics Services. It has since expanded its services beyond meal service to site management, power supply, and employee logistics. Additionally, it operates over 200 projects worldwide and serves over 150, 000 daily meals to educational institutions, five-star hotels, and construction sites. Hussain Sajwani has a very diversified portfolio, including numerous, profitable stock investments, as well as owning a Bahrain insurance company and ceramics factory in Oman. These varied holdings sustained Sajwani during the real estate downturn of 2008 that saw many global businesses tank. These days, Sajwani is sitting pretty as DAMAC Properties continues to benefit from his expert business acumen and vision.