Hussain Sajwani, the owner and CEO of DAMAC is ready to expand the company’s luxury development, AYKON City. Located in Dubai, AYKON City will eventually be home to AYKON Plaza, an entertainment and lifestyle hub that will include swimming pools, restaurants, spas and clubs. Sajwani plans to add a second tower to the City complex. The new building will include three basements, a ground floor, three podium levels, an additional level dedicated to lifestyle and entertainment, 49 residential levels and a rooftop. The tower project has recently moved in to the tendering stage and it likely to see a construction partner appointed by May of 2018.
The owner and CEO of DAMAC, Hussain Sajwani is no stranger to ambitious products. Before founding DAMAC in 2002, Sajwani founded a catering business which had contracts with the United States military. It is Hussian Sajwani’s expertise in the field of property management which has led to the monstrous success of DAMAC. In 2017, Forbes ranked DAMAC as number one on its Global 2000 list. In 2017, Golf Business listed Sajwani among the 100 most globally influential Arabs. In addition to their AKYON City project, DAMAC has developed many other high profile properties included a golf course designed by Tiger Woods and managed by the Trump Organization. In addition to his business obligations, Sajwani also sits on several boards including the Majan University College in Muscat Oman, JUNO Online in New York and Emirates Takaful Company in Abu Dhabi.
Hussain Sajwani came from humble beginnings, his father owned a shop which sold pens, shirts and other items imported from China. Sajwani was given a government scholarship to college and was one of the first students from the United Arab Emirates to be sent to the United States to study. Before he was the CEO and founder of DAMAC, Sajwani attended The University of Washington where he studied Industrial Engineering and Economics. Sajwani currently resides in Dubai with his wife and four children.