The success of any entrepreneur over the years has been derived from a number of factors. While most can be acquired by apprenticeship, education, talent, and need, to establish a long lasting career as an entrepreneur, one needs to be a calculative risk taker and the have an unending passion for boundless growth. With these two rare qualities, Hussein Sajwani has been able to build a successful career in real estate and hospitality. Hussein Sajwani is the son of a small entrepreneur who pursued his academic dream in the United States and came back to the United Arab Emirates to start a catering business. As the risk taker that he is, Hussein Sajwani took a leap of faith that would later become the real estate giant named the DAMAC group. Hussein Sajwani was born in 1959 in Dubai. In his early years, Swajani was a star amongst his peers in term of academics and extra-curricular activities. Standing out from the rest was the key factor that got him the scholarship to study in the United States. There he pursued a bachelor’s degree at the University of Washington in industrial engineering and economics.
Hussein Sajwani started his catering business just a few years after working with Abu Dhabi Gas industries. Like many entrepreneurs, Swajani started his first business from a small catering venture located downtown Dubai. From a small unit, the catering business began attracting major clients like the United States army and Bechtel, a United States construction company. This was achieved through capital, sweat, persistence and the keen eye in management from Hussein Swajani. Even after Hussein Swajani set out on his second biggest venture, the Global Logistics Industries continue to be contracted by food industries and other global institutions like the US Army.
The Damac group was established by proceeds from Global Logistics and risk by Hussein Sajwani when the Emirati government opened up the real estate market. He started by investing and buying land in underdeveloped neighborhoods. This was a huge business risk since these areas did not attract real estate investors at the time. Over time the areas that were previously attractive, started gaining momentum in the real estate industry.