Not many people can claim themselves to be one of the richest Arabs in the world but Hussain Sajwani, the DAMAC owner, is certainly one of them. However, he wasn’t always the successful businessman and entrepreneur he is today so just how did he become one of the most affluent and successful people in Saudi Arabia? He recently sat down with Bitsy Link to discuss how he got his start in his business career and where he plans on taking his company in the future. He was born in the early 1950’s to a father who was the owner of a haberdashery and this is what sparked his interest in entrepreneurship. From an early age, he proved to be a successful student, and this led to him receiving a scholarship to study abroad in the United States. After obtaining a degree from the University of Washington, he returned to the middle east to begin his career.
He started out working for one of the local gas companies and it wasn’t long before he had reached the top of the corporate ladder. Finally, in 2002, Hussain Sajwani became the DAMAC owner, founder, and CEO. One of the secrets to his company’s success is the fact that each of their employees pulls their own weight. He is also proud to have a culturally diverse staff with over 77 different races and ethnicity represented at his company. One of the things he enjoys most about working for his company is seeing one of their ideas reach its final completion.
This is due to the fact that he loves seeing their visions come to life. As he looks to the future, Hussain Sajwani, the DAMAC owner, would love to see his company be able to expand into the adjacent European nations as well as the rest of the world. He was then asked whether he values education or experience more and he responded by noting that the two are equal and, as such, he does not like one more than the other. So, we wish him the best of luck in his business endeavors.
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