Hussain Sajwani was one of the first citizens of the United Arab Emirates to obtain a government scholarship to attend college in the United States. He attended and graduated from the University of Washington with a bachelor’s in Industrial Engineering and Economics. He returned to the U.A.E. and worked at Abu Dhabi Gas Industries for two years before realizing that the real money was is owning your own business. He began his own catering company in 1983 that went regional.
Hussain Sajwani also sold timeshares and used the money from that to begin his real estate investing. When Dubai was opened for development in 2002, Sajwani became founder and owner of DAMAC Properties, which began by building towers in the city and expanded from there into a regional real estate and construction powerhouse. As DAMAC owner, Hussain Sajwani led the company to expand not only in the Middle East but also into the U.K. DAMAC has over 44,000 project in development from planning to completed and is always expanding.
In an interview for Ideamensch Hussain Sajwani speaks about the philosophy that led to his becoming a billionaire. He talks about the value of always earning new skills and setting new challenges. Sajwani says that he believes people must learn from success and failure alike and says he wouldn’t do anything differently.
Sajwani says he fills his days with meetings to stay informed about the status of all the aspects of his businesses as well as nurturing and forming new contact relationships. Despite all these meetings he makes time for his family every day, talking about the importance of maintaining a work/life balance. He emphasizes the importance of trust in business, as well as the importance of setting boundaries.
Sajwani sees the immense potential of social media and makes it a pillar of his businesses communications, connecting with vendors, customers, advertisers, potential costumers and anyone else needed through social media. Keeping informed on current events is also important for Sajwani as a businessman and he uses his phone to stay on top of developing stories and events throughout each day.