The name Hussain Sajwani is a well-known name in the Property market. The University of Washington graduate began as a Contracts Manager for a subsidiary company of Abu Dhabi National Oil Company by the name GASCO. Later on, in the year 1982, the DAMAC Owner went into the catering industry. His venture grew exponentially to a market pacesetter in the catering industry serving a whopping 150000 meals a day and having over 200 projects under its name.
All these projects were undertaken in markets across Africa, the Middle East and CIS, the venture also served army camps, educational institutions as well as taking part in the provision of ancillary services such as manpower supply and camp management.
Arabi21 mentioned that aside from venturing in the catering business, in the mid-90s Hussain Sajwani pioneered property expansion in Dubai by building several hotels due to the growing number of people moving to the emirate for trade purposes. This new venture drove him to establish DAMAC Properties in the year 2002 leading it to become a world pacesetter in building visionary structures.
DAMAC currently has approximately 2000 employees and is listed on the Dubai Financial Market. Apart from having iconic luxury projects across the United Kingdom and the wider Middle East, DAMAC Properties has partnered with different reputable companies to create amazing properties. Among the joint ventures done is with the Nine Elms Property Limited which is a subsidiary company between two companies; DAMAC Properties and Hussain Sajwani’s property company from which the iconic AYKON London one.
As a major shareholder in DAMAC Properties, Hussain Sajwani through his company DAMAC is currently developing a billion-dollar tourist port by the name Mina Al Sultan Qaboos through a joint venture with Omran. The project constitutes of hotels and residences just to mention but a few of what to be expected. Another flagship under the DAMAC Owner is DICO Investments Co LLC which was founded in 1992.
The DAMAC Owner chairs Al Anwar Ceramic Tiles Co. AL Anwar is by far the largest ceramic tile manufacturer in Oman having the first company to ever manufacture ceramic tiles. Al Anwar was established in 1998 and its products have been branded “Al Shams.’