Hussain Sajwani, the Damac owner, is currently the fourth richest Arab in the world but he wasn’t always so affluent and successful. So how has he managed to maintain such a massive empire? He recently sat down with Arabian Business to discuss how he runs his company and what he enjoys about his position. He was born in the early 1950’s to a father who ran a haberdashery and quickly realized his passion for entrepreneurship. He went on to become one of the first students sent to the United States on a scholarship and earned a Bachelor’s in Industrial Engineering and Economics from the University of Washington. In the early 80’s, he began his career working in finance at one of the local gas industries and quickly began working his way up the corporate ladder.
When discussing his company, Hussain Sajwani, the DAMAC owner, was quick to note that everyone pulls their own weight and there is no one single employee who keeps the company running smoothly. One of the things he enjoys most about working at his real estate company is seeing something go from merely a concept to becoming a reality. In his mind, there is nothing quite as gratifying as being able to stand back and admire the final product of their handiwork. One of the biggest decisions he ever had to make regarding his company is when he chose to go public with the company as that required a lot of internal adjustments within their corporation and left them open to scrutiny.
Hussain Sajwani, the Damac Owner, takes great pride in the diversity they have at their company as they currently have over 77 different nationalities represented within DAMAC and, as long as they maintain their ambition, he believes they can go as far as they want in this industry. When asked about whether he values education or experience more, he pointed out that he believes the two concepts go hand in hand and, as such, sees the two as equal. So we wish him the best of luck in the future of his company and his success. Check out this video featuring Sajwani on CNBC.