Hussain Sajwani DAMAC Owner Focuses on AYKON

The article, “DAMAC to tender construction of a second tower at its AYKON City master development”, is about how DAMAC is now ready to start the tendering process for the second tower at AYKON. The editorial also discusses how the new construction will increase residential housing to the city. DAMAC discusses that the fast growth has enabled them the capability to commence receiving bids for the construction undertaking. The second tower is enhancing the infrastructure of AYKON and developing it into a metropolis district. The area will consist of many facets including residences, workplaces, shopping, entertainment and restaurants. The second tower of a six-tower project the area is sure to see numerous more enriching additions.

 

Hussain Sajwani was born in 1954, his father was a shop owner which is where Sajwani learned hard work and fortitude. Through his childhood he wanted to enrich his life and earned gained a government scholarship which brought him to the United States for his college education. He attended the University of Washington and attained a Bachelor’s in Industrial Engineering and Economics. A Contract Manager for GASCO started Sajwani’s career. In 1982 he created his own catering business Global Logistics Services which has grown and currently produces and serves over 150,000 meals daily. In 2002 he founded and became CEO of DAMAC Properties which specializes in real estate for housing, relaxation and business usage. The 2017 Forbes Global 2000 lists ranks DAMAC as number 1. A property developer he is worth in excess of 4 billion dollars. Besides being owner and CEO of DAMAC he also owns the investment company DICO Investments Co. LLC. The Forbes list of World’s Richest Arabs for 2017 shows his listed within the top 10. In 2013 DAMAC was the first real estate company from the middle east to be listed on the London stock exchange. He is not only the owner of DAMAC he is a husband and father of four children residing in Dubai.

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