Hussain Sajwani: Investing in the Food Business and the Real Estate Sector

Hussain Sajwani is known as one of the wealthiest billionaires in the UAE. He is the founder of DAMAC Properties, a leading real estate and property developer in the Middle East.

According to Forbes Middles East, after he graduated from the University of Washington, the young Hussain Sajwani decided to move back to the UAE to look for a job in the oil and petroleum industry. He found a job at GASCO, but he thought that the monthly salary he receives is not enough to make him rich. He decided to quit early and thought about building his own business instead. Hussain Sajwani purchased a small space that is located near a US Army Base and an engineering company called Bechtel. He noticed the influx of people every day and thought that establishing a catering business would be the best idea. He started his business in the 1980s, and it became a popular eating place for the US Army soldiers and the employees of Bechtel. Because of the success of his business, Hussain Sajwani earned his first millions, and he also allowed franchises of his company to open up in other states in the Middle Eastern, Africa, and Central Asia.

In 2002, Hussain Sajwani decided to attend a conference being sponsored by the UAE government. The attendees were encouraged by the government to help them in transforming Dubai into the UAE’s commercial and tourism hub. Hussain Sajwani developed an interest in supporting the UAE government, and he founded DAMAC Properties using the money he saved from his catering business. The DAMAC Properties was launched in 2002, and it became an instant hit among the developers across the Middle East. Hussain Sajwani also involved himself in the construction of several luxury residential complexes across Dubai, and he also promoted his business in key cities across the Middle East. He talked more about this in an interview with Albawaba.com.

Today, the DAMAC Properties is developing a golf course, in partnership with the United States President Donald J. Trump. The gigantic golf course is expected to open in late 2018, and according to Hussain Sajwani, the golf course would include hotels, restaurants, and other amenities that would cater to the tourists who wanted to visit the area.

See this article from CNBC: https://www.cnbc.com/2018/01/23/cnbc-interview-with-hussain-sajwani-damac-properties-founder-and-chairman-from-the-world-economic-forum-2018.html

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