Hussain Sajwani is the Chairman and founder of DAMAC Properties. DAMAC is a global property development company. Sajwani has a Bachelor’s Degree in Economics and Engineering from the University of Washington. He started his career in the finance field with Abu Dabi Gas industries in 1981 and then moved to doing catering avenues, which included the U.S. military, two years later. It eventually became known as Global Logistics Services and is still in operation today.
As mentioned in watanserb.com, Hussain Sajwani founded DAMAC in 2002. It is now one of the largest property development companies in the mid-east with almost 20,000 apartments and almost 45,000 other buildings in various stages of development. The company now has about 15,000 employees globally.
When asked what inspired him to found a company like DAMAC, Hussain Sajwani states that he helped out at the family business and was selling time-shares during his college years. By the time he founded Global Logistics Services, he realized that he also had a growing interest real estate. He started out by building hotels and then towers in prime areas of Dubai.
Sajwani spends his days in a lot of meetings. First with his management team to stay updated on various aspects of the business. Then with business partners and community members. He makes his ever-expansive network a very high priority and this is one thing that has led to his success. He also says that digital marketing and social media have been really helpful in helping his businesses expand.
Sajwani says that one secret to his success is visualizing what Dubai will look like in another decade or two. He believes in taking calculated risks accordingly. He also travels quite a bit and reads quite a bit of history. He stated that the best $100 he recently spent was on a book with pictures of how Dubai looked half a century ago. He says that one secret to know where something is going to remind yourself of where it has been.
One thing he emphasizes is not fearing failure but instead staying focused on the ultimate goal. His favorite quote is one about business leaders not only having a vision but tirelessly driving it to completion by Jack Welch, ex-CEO of GE.
Hussain’s Social Media Profiles: