Hussain Ali Sajwani is a successful entrepreneur. He is the executive chairman of the UAE. Sajwani is also the Chief Executive Officer and founder of the DAMAC Group. Here is the account of his success in business. The talented entrepreneur was born in 1954, and he grew up in Dubai. He is from business oriented family because his father was a shop owner. He also had some real estate projects in Dubai. Sajwani grew knowing that he would follow a different pathway and not that of his father. He wanted to be a professional with white collar job.
After high school, he attended a medical college in Bagdad after getting a government. He dropped a while later and convinced his father that he wanted to study in the US. Sajwani went to America and enrolled at the University to study industrial engineering and economics. After completing his degree, he went to work in Abu Dhabi Gas Industries Limited (Gasco). However, he did not stay for that long since he wanted to be his boss.
He started a food catering business in 1982. He named the business Dariah Management Services Co (DAMAC) LLC. The company developed later to DAMAC Group. Some reports say that the firm that Sajwani launched in 1982 was not DAMAC Group but was something different that did not do well. It is stated that he recovered in 1997 after he decided to invest in stock market. It came a time when the real estate business in Dubai was thriving, and Sajwani could not waste the golden opportunity.
He began a business of buying and selling properties. As of now Damac Properties is the largest company for development in the region. It has 670 million square feet of properties which are worth more than $45 billion. He has succeeded in the industry.
He is the Chairman of DAMAC Group. The company is based in Dubai. However, it is now found in more than twenty countries in Europe, Far East, and many other places. Sajwani also takes part in philanthropic endeavors. He does this as a way of giving back to the community.