In 2002, Hussain Sajwani founded his own company and named it DAMAC Properties. He remains the majority shareholder and Chairman of the company. The focus of the company is real estate development and they specialize in luxury properties. Through Sajwani’s leadership, the company has grown into a world-renowned development giant, as they pursue design, engineering and construction quality. DAMAC Properties continues to create some of the world’s most remarkable properties.
The DAMAC owner has ventured along a development path that has included a partnership between DAMAC Properties and DAMAC International Company International. The result was Nine Elms Property Limited and developed AYKON London One. It is a development of the mixed-use nature and is one of the tallest buildings in London. It provides residents with one of the most prestigious addresses in the city. The DAMAC owner embarked upon another partnership between the Oman Government Tourism Bureau and DAMAC International to form Mina Al Sultan Qaboos. The partnership created a lifestyle destination along with a tourist port. The development includes residences, hotels and luxury dining, shopping and entertainment.
Another development success story for the DAMAC owner is the 1992 created DICO Investment Co, LL, which is the investment entity for Hussain Sajwani. The assets are divided into four areas including debt instruments, long term investments, subsidiary ownership and strategic holdings. The company manages billion’s in assets throughout the Middle East.
An additional development owned by DAMAC International is AYKON Maldives Resort. The resort, located on a reclaimed island includes a five-star, luxury hotel that offers villas, bungalows and luxury suites. The development also includes a variety of entertainment venues, spa and fitness and luxury dining.
Hussain Sajwani has also branched out into building and construction materials. The company is the largest ceramic tile manufacturer and was established in 1998 in Oman. The array of ceramic tiles is marketed under the name of Al Anwar Ceramic Tiles, Co., SAOGG. The company utilizes raw materials form the area and imports the necessary counterparts from leading producers of ceramic products in Spain and Italy. Hussain Sajwani is also the primary shareholder in Al Amana Building Materials Company, LLC. The company provides a wide variety of bathroom utilities and accessories, surface finishes and flooring materials.
Additional info: elmawkefalarabi.com/life-style/news-20180417505