“You would make millions not billions in catering.” Hussain Sajwani responded with the above quip when asked about his unconventional move from catering to real estate. The founder and CEO of the tremendously successful DAMAC Properties is well known for his beautiful business mind. Entrepreneurship runs through his veins.
Hussain’s Journey to Where he is Now
Born in the early 1950s to a middle-class family of five children, Hussain Sajwani worked in the family company from a tender age. He admits having learned a lot from his father. DAMAC owner also confirms of being inspired by his father’s hard work, skill, and ambition. Sajwani’s dad wanted him to forego education and work in the family business being the eldest, but he was reluctant as he was good in school and he had had some harsh experiences during his stint at his father’s shop. Hussain realized he had an entrepreneurial blood while he was still very young. Learn more about Hussein Sajwani: http://www.arabianbusiness.com/the-world-richest-arabs-2014-574217.html?view=profile&itemid=574179#.WHgeI2QrIUs
Sajwani got a scholarship to study in U.S, and he left in the first wave to the University of Washington where he pursued a bachelor’s in Economics. While in college, Hussain Sajwani sold time-share apartments in the United Arab Emirates.
He used revenue acquired from this venture to finance Global Logistics Services, his catering outfit. This company is still operational under DAMAC. Hussain Sajwani family boasts of their father’s ability to make informed business choices. He lives in Dubai with his wife and four children. Good education and morals are what he deems most valuable assets for his children.
Sajwani’s Success in Varied Interests
Hussain Sajwani has also gone into other areas of business and flourished in them as well. Dico Investments with AED 3Billion in assets under management in the region was started in 1992. It specializes in four areas, which are inclusive of owning of subsidiaries in growth industries.
As a result of Hussain Sajwani’s business prowess, DAMAC Properties raked $2.3 Billion in revenue in 2015. He makes it a rule to keep off politics even while engaging in business with politicians like U.S president Donald Trump. He accredits his achievement to a combination of luck and vision.