The DAMAC owner just happens to be the world’s tenth richest Arab. Hussain Sajwani is a real estate tycoon who has worked with many different people and many big brands. As the DAMAC owner he has pushed his company to new heights. His company has worked to create commercial and residential estates across the Middle East. One thing Hussain Sajwani has always done well is having an eye for the future. Today, the real estate mogul is looking on how he can expand into new territory. He wants DAMAC to expand its presence into a new market.
The economy in Asia continues to boom. Hussain Sajwani does not want to miss out on this explosive growth for DAMAC. China has particularly caught the interest of the businessman. His company has been developing properties in China for a long time. But he wants DAMAC to reach more people and expand its brand name amongst the Chinese people. China’s emerging middle class poses as a big opportunity for DAMAC. Development foe retail and residencies will be needed as this class grows and their spending power increases. Relationship between UAE and China offer many investors for Hussain Sajwani to work with.
Hussain Sajwani has always looked to place diversity into his business dealings. Although DAMAC is mainly known in Dubai, the company has began to build relationships with many different type of investors and developers. By doing this, the company has been able to expand its reach and presence. Currently, the company has worked to include over seventy different nationalities into their company. They are online looking to add more with their move into the Asian market.
The billionaire real estate tycoon has always been a hard worker. Entrepreneurship has always been very innate of the businessman. He got his start in business early in his life and it has paid off well. Before founding and becoming the DAMAC owner, he opened a food service company. This company gave him the experience and knowledge to launch DAMAC owner. It laid the groundwork to him building one of the most wealthiest real estate development companies in Dubai.