Thanks to his real estate outfit, Hussain Sajwani popularly refeed to as the Damac owner is considered one of the richest individuals in the Middle East. His tremendous success in the real estate and hospitality industries has won him influence, friends, and acquaintances in high places across the world. Among these is the current United States President Donald Trump that he considers a business partner and family friend. But how did he accumulate this wealth and build these networks? Here is a breakdown of the 63-year-old’s journey to the top of the world;
Birth in a middle-class family
Hussain Sajwani was born and raised in a fairly middle-class family in Dubai. His father was an Indian Immigrant and traded different Chinese imports like pens and shirts in the city. The Damac owner mentions that the time spent at his father’s shop made him appreciate the value of entrepreneurship and imparted n him great values about hard work that have seen him through life.
Scholarship and contract manager’s job
His excellence at school saw him secure a scholarship to the University of Washington where he graduated with a Bachelor in Industrial Engineering and Economics. He returned home and secured a contract managers position with GASCO Oil Company. At the time, Dubai’s development had gained speed and a lot of companies were setting up here. He saw this as the perfect opportunity to venture into entrepreneurship to start a catering company.
Catering company –Global Logistics Services
Hussain Sajwani’s first big client with the catering firm, before renaming it Global Logistics Services, was Bechtel Construction. However, his resilience and unmatched sales and marketing skills saw him secure a contract to supply the United States military bases in Middle Eastern countries with meals. The contract holds to date and is credited with eth birth of Damac properties.
The Damac owner would use the proceeds from his catering company to create a real estate empire. It has successfully established several luxury real estate projects like the Trump International Golf Club in Dubai and a series of other luxury residential properties spread across the world. The multinational is also responsible for vast wealth that Hussain has accumulated over the years.