Hussain Sajwani and the Dubai of the Future
Today, Hussain Sajwani acts as the Founder and Chairman of DAMAC Properties, which under his guidance, has blossomed into one of the foremost property development companies in the Middle East. A graduate of The University of Washington, where he majored in Economics and Industrial Engineering, Mr. Sajwani was able to transform his ideas into a flourishing real estate empire, as today, the company has been directly involved in the development of 17,000 properties in places such as Abu Dhabi, Dubai, Doha, Amman, Beirut, and London. His initial foray into the world of entrepreneurship began in 1982, with the creation of, what is today known as, Global Logistics Services – a catering company that serves meals to over 150,000 people each day. Today, he is listed as one of the most influential Arabs around the globe, and he recently sat down to discuss the processes that have kept him on such a successful run throughout his career.
The idea to create DAMAC Properties, which was launched in 2002, came from his time as a youth, in which he spent a number of his days helping his father at his family-run business. It was during this time, that Mr. Sajwani’s lifelong passion for real estate and entrepreneurship was created. During college, he was able to garner a significant amount of capital from selling time-share apartments – the proceeds of which he used to create Global Logistics Services. On the average, his day begins with meetings between him and his management team, during which time they discuss various aspects of the company’s operations. Throughout the day, he also meets with his business partners, using this time as an opportunity to network, but he also makes time for his family, which he insists, is the key to a balanced existence. He revealed that it is his ability to travel that keeps him abreast of the trends occurring around the world, which in turn, makes him more productive as an entrepreneur. In order to bring his ideas to life, he often focuses on the future, choosing to envision the infrastructure of Dubai, and how it will change over the course of the next twenty years.