HUSSAIN ALI SAJWANI


Rabeth-KhanChairman and founder of the DAMAC Group Hussain Sajwani earned his undergraduate degree in Industrial Engineering & Economics from the University of Washington. Following a short period as a contracts manager in GASCO, a subsidiary of ADNOC (Abu Dhabi National Oil Company), in 1982 Hussain Sajwani established his own business and started a catering division that has eventually become the DAMAC group.The group subsequently established DAMAC Kuwaiti, a listed company with a paid up capital of US$ 50 million to focus on the emerging economies of Kuwait and Iraq.

Sajwani started his career in the oil and gas industry, but in his heart, he was an entrepreneur. He left his cushy job after two years, and founded a conglomerate whose activities encompass property development, insurance, manufacturing, education, securities, investment and commercial trading. DAMAC Holding operates the largest catering company in the Middle East, the largest privately-held property firm in the Middle East, and is one of the leading insurance providers in Bahrain. In the mid-1990s, Sajwani built several hotels to accommodate the growing influx of people coming to the emirate to do business and trade. Then, in 2002, he established DAMAC Properties, with projects in Dubai, Abu Dhabi, Doha, Jeddah, Cairo, Amman, Beirut, and Jeddah among others. The company is mostly recognized for its luxury properties. Having taken full advantage of the GCC property boom, DAMAC has established offices in Abu Dhabi, Kuwait, Qatar, Oman, Iran, the UK, Ireland, Italy, Russia, Jordan, Lebanon, KSA and Qatar, and has operations in numerous countries including Saudi Arabia, Algeria, Jordan etc.

 


KEY ATTRIBUTES THAT MAKE HIM A LEADER ƒƒ

  • He left his cushy job after two years, and founded a conglomerate whose activities encompass property development, insurance, manufacturing, education, securities, investment and commercial trading.
  • DAMAC Holding operates the largest catering company in the Middle East, the largest privately-held property firm in the Middle East, and is one of the leading insurance providers in Bahrain.
  • ƒƒDamac, led by a relentless Sajwani, has not lost pace. Some time back the real estate mogul said he would invest US$5bn into India. ƒƒ
  • In 2002, he established DAMAC Properties, with projects in Dubai, Abu Dhabi, Doha, Jeddah, Cairo, Amman, Beirut, and Jeddah
  • ƒƒThe company is mostly recognized for its luxury properties.
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