Born in the early 1950’s in the United Arab Emirates, Hussain Sajwani has gone on to become an astute entrepreneur especially in the world of property development. He is the founder of DAMAC Properties, a leading property development company in the Middle East. Sajwani was born into an entrepreneurial family. Sajwani went to the University of Washington in the United States of America, with the help of a government scholarship, where he studied economics and Industrial Engineering.
Hussain Sajwani started his career in the finance department of an oil company in the early 1980’ before going on to start his catering venture. He established DAMAC Properties in 2002 and says that the company is now seeking to grow its influence in China. Sajwani, who is also the chair of the company, reasons that increased relations between China and the United Arab Emirates present an opportunity for gaining more investors.
There are various nationalities working at DAMAC Properties from different continents, and Sajwani says that this enhances diversity within the group, which is essential for the generation of quality views and ideas. He says that the company is more concerned with changes in policies that affect it directly rather than paying much attention to general politics. If there is an important change in global politics, the company strives to adapt accordingly to take advantage of any available opportunities.
Hussain Sajwani says that the idea of beginning DAMAC Properties was spurred by the country’s vision of having a sustainable social and business infrastructure. Having completed over 20,000 homes, he thinks the company can now seek to grow beyond the Middle East into the global market. Everyone is encouraged to be creative and be able to generate good ideas to move the company forward. The employees are also encouraged to practice healthy living, especially through sports so as remain mentally and physically sharp. The company uses social networks for advertisements, and Sajwani thinks that good education is essential for anyone who wants to grow professionally.
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