Hussain Sajwani is the founder, president, and chairman of the DAMAC Properties, a global property development company. After graduating from the University of Washington, he joined GASCO as a contracts manager. GASCO is a subsidiary of the Abu Dhabi National Oil Company. After a short period at the company, the DAMAC owner decided to start a catering business.
Over the years, the catering business has grown exponentially, currently handling more than 200 projects. It serves over 150,000 people across the world. Its primary clients are educational institutions, army camps, construction campsites, offshore locations, and hotels. The business also offers ancillary services such as workforce supply and camp management.
The growth of DAMAC
According to aliqtisadi.com, the skills, entrepreneurial spirit and vision of Hussain Sajwani are the primary drivers in the growth of DAMAC. He is listed in the top 100 most influential Arabs around the world. When Dubai started the property market expansion in the mid-90s, Hussain Sajwani was one of the lead investors in the property market. He built several hotels that accommodated visitors who came looking for investment opportunities in Dubai. The DAMAC owner saw growth opportunities in the property market and founded DAMAC Properties in 2002. Today, it is one of the largest property firms in the Middle East. DAMAC has expanded its interests beyond Dubai and built properties across major cities that include Beirut, Abu Dhabi, Muscat, Riyadh, London, and Jeddah. The company is listed at the Dubai Financial Market. Over the period it has been in existence, DAMAC Properties has built over 20,800 units and has other over 44,000 units under construction.
DAMAC’s hospitality division
The DAMAC owner has joined forces with some of the world’s biggest brands to bring in innovative living concepts around the world. Some of the most recognizable brands and projects include a Tiger Woods-designed golf course under the management of the Trump Organization, Bugatti styled luxury villas, Italian Versace Home styled luxury apartment interiors, Fendi Casa, and Just Cavalli. DAMAC Properties started a hospitality division in 2011 called the DAMAC Hotels and Resorts. The new division provides bespoke services to its clients with over 13,000 hotel apartments and serviced hotel rooms. It effectively transformed the firm to be the largest hotel apartment operator in the region.