Hussain Sajwani is an Emirati businessman who is most well-known as the mind behind the creation of DAMAC Properties, one of the most profitable real estate and property development companies in the Middle East. Hussain Sajwani established the company in 2002, and although he was known to become a billionaire due to his real estate business, it was his catering services that gave him his first million.
When he was in college, according to celebfamily.com, Hussain Sajwani decided to study in the United States. He went back to the United Arab Emirates after he graduated, hoping to find employment in his home country. He worked with a private gas firm but ended up resigning after he felt unsatisfied with the pay that he is receiving. The young and ambitious Hussain Sajwani decided to build his own business that would surely bring him his first million. He studied the area where he is living and thought of business ideas that would become a hit among the people living near his neighborhood. He noticed that there is a huge military presence in his area, as well as employees for a massive engineering company, and he thought of creating a restaurant for them.
The catering business of Hussain Sajwani became an instant, and it was frequented by the military and the employees of a private engineering firm. He earned his first million in a short period, but he never stopped thinking about how he could further increase his wealth. He used the money that he saved from his catering services to establish the DAMAC Properties, and he spearheaded a lot of construction around the United Arab Emirates. The projects made by his company caught the attention of investors, and they started investing in his company which transformed him to become a billionaire.
Today, the DAMAC owner is one of the wealthiest men in the United Arab Emirates, and he is one of the five billionaires living in the country. He also established strong ties with some of the most influential people on the planet, including the current president of the United States, Donald J. Trump. The two are working together as business partners, constructing huge resorts all around the Middle East.
Sajwani on CNBC: https://www.youtube.com/watch?v=GJxJrIkRTzk