Billionaire DAMAC Owner Hussain Sajwani Shares Why The UAE Has Benefitted From Middle East Unrest

Hussain Sajwani is a billionaire who was born in either 1952 or 1953 in Sharjah, United Arab Emirates. He made his fortune of about $4.1 billion in a few different industries. The first company he established after graduating from the University of Washington was Global Logistics Services. This company provides meals on military bases, including the United States armed forces, and huge construction projects such as those being worked on by Bechtel.

In the mid-90s, Hussain Sajwani entered the real estate and hospitality industries. He noted that many international businessmen were traveling to Dubai and that there weren’t enough nice hotels for them. He established a few hotels in Dubai which were highly successful. His biggest splash in real estate, though, started in 2002 when he founded DAMAC Properties.

At DAMAC Properties, Hussain Sajwani builds real estate developments designed for wealthy people to live in as well as up and coming young professionals. The properties he has built include luxury apartments and villas with top of the line amenities. Among the properties he has built are the Diwali luxury residential tower and DAMAC Hills which is a sprawling development with both villas and apartments for sale. One of the biggest selling points at DAMAC Hills an 18-hole golf course developed by Tiger Woods and managed by the Trump Organization.

The Middle East is often in turmoil and that is true today. Hussain Sajwani says that because of the UAE’s reputation for safety and stability many people are fleeing to it from other nations in the region. He says that the UAE has benefitted from the Iraq-Iran war, Kuwait being invaded by Iraq, and Somalia’s collapse.

Hussain Sajwani says that the UAE is now considered one of the globe’s hubs in regards to both transportation and tourism. He also called its capital, Dubai, as a center of free trade. His country has benefitted, he says, from all of the people of Kuwait who moved to it after their country had been invaded by Iraq. Around 70,00 Kuwaitis moved to the UAE after its founder, Sheikh Zayed, gave them protection, a place to live, and money to help them build a new life. Sajwani also gives back thru the DAMAC Foundation.

Watch this video: https://www.youtube.com/watch?v=GJxJrIkRTzk

Leave a Reply

Your email address will not be published. Required fields are marked *