Hussain Sajwani: A Billionaire Better Known for His Philanthropy

Hussain Sajwani, chairman, CEO and founder of the DAMAC Group is a whole lot more than the billionaire who made the #3. spot on the Forbes list for billionaires in the United Arab Emirates. He is also family man and a philanthropist who cares greatly about children and refugees around the world. His support for causes and organizations who help lift people up out of their suffering and hopelessness is great, and his hope for the future is infectious. Hussain believes that education is the hallmark of success, and that no child should miss out on the opportunity for education and basic human rights.

Hussain Sajwani has donated lots of his time and own money to causes that support children and one of these is the Emirates Red Crescent, which is a Ramadan initiative that was started up by Vice-President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. Hussain donated AED two million to the organization, which helped 1 million children receive clothing and the warmth they need to survive horrible weather conditions, such as, the brutal snow storm, Huda. Hussain stated that “The young are the future of society and it is crucially important to provide the right environment to give them the very best possible start in life.” Without the aid from Hussain, 50,000 children would of gone without proper clothing.

Hussain Sajwani helped countless refugees from suffering by donation $272,000 to the “Yemen We Care” campaign. This initiative of the United Arab Emirates provides education, relief, and basic healthcare to 10 million Yemenis. So many refugees receive no help and end up starving or dead. Because of people like Hussain, millions of refugees no longer have to worry about taking care of their basic needs.

As a family man, Hussain Sajwani is married to his loving wife who helps him to raise their 4 children. It is his hope that he can pass on his ethical values and moral standards to his children who in turn can continue to make our world a better place.

Read more: http://www.forbes.com/profile/hussain-sajwani

Hussain Sajwani: Serial Entrepreneur And Philanthropist

Hussain Sajwani is an Emirati national with roots in Dubai. He is the founder and chairman of global development conglomerate, DAMAC Group. The firm operates in over 20 countries and is headquartered in Dubai, UAE. It is primarily involved in construction and architecture, engineering, and real estate.

 

Background

He attained his B.A degree in Economics from the University of Washington. Hussain Sajwani began his career as Contracts Manager in GASCO- a branch of ADNOC – Abu Dhabi National Oil Company. A short time after this, he decided to start up his food service company, which enjoyed success working with construction giant, Bechtel, as well as the U.S Military.

 

In the mid-90s, Mr. Sajwani involved himself in the expansion of the hospitality industry by building several hotels to make room for the expatriates coming into the country to conduct business and trade.

 

DAMAC Properties

After a decree by the government that allowed foreigners to own property in the country, Mr. Sajwani founded DAMAC Properties, a real estate firm that deals with the development of commercial, leisure, and residential projects in Dubai and the Middle East. It is one of the largest luxury real estate developers in the region and focuses its efforts on providing unique living concepts and dream homes to clients globally.

 

DAMAC Properties develops projects in prime locations, provides a proper working environment for its talented employees, and selects the finest partners to offer the highest possible standards. One of the largest partners they have worked with is another real estate giant, the Trump Organization Inc.

 

In the first few years of after its inception, DAMAC Properties has grown by leaps and bounds. In 2008, they won five awards at the Arabian Property Awards. By this time, they had also become the first company to have projects in most of the planned master developments by the Dubai Government.

 

Within its impressive portfolio, it boasts of over 44,000 units. This includes major projects such as the DAMAC Tower by Versace Home in Beirut, Lebanon, Akoya, Akoya Oxygen, and others with partners such as Paramount Hotels and Resorts, Fendi and Bugatti

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DAMAC Properties partnered with Donald Trump in 2013 to assist in the development of two Trump-branded golf courses in Dubai. The relationship between the two is not just purely business as the families of the two individuals know each other personally.

 

Role In The Community

Hussain Sajwani is also a philanthropist and has been actively involved with the Emirates Red Crescent in a campaign to clothe a million deprived children around the world by offering a cheque for AED two million.