Hussain Sajwani is the Chairman of DAMAC Properties. He is a United Arab Emirates-based entrepreneur and has majored on the real estate development. Hussain Sajwani is also known for his philanthropic activities.
He has a successful track record in the global equity markets. After graduation, he began his career at GASCO as a contracts manager. Through this organization, he acquired the necessary skill and started his business in 1982. He started a catering Venture that has grown to serve over 150,000 meals daily. Today, the catering venture provides services to army camps and institutions among many others.
In the year 2002, Hussain Sajwani Family took advantage of a new law that allowed foreigners to own property in the Emirates to purchase land. At that particular time, the land was in an undeveloped part of town. However, he was able to sell all units in a 38- story building before he began construction. Read more: Meet Our board | DAMAC
The purchase and construction of the building marked the inception of DAMAC Properties. At the beginning of 2013, DAMAC teamed up with Donald Trump and developed two Trump- branded golf courses. The development of these two facilities brought an income estimated to be over $ 2 billion.
In the wake of Donald Trump’s election as the president of the United States of America, Hussain Sajwani said that he sought to enhance DAMACs business ties with Donald Trump’s real estate firm. The two titans spent the New Year’s Eve together.
However, the President promised not to make any new business deals while in office. The statement was as a result of rising concerns about the potential conflict of interest.
According to Hussain Sajwani, the relationship between him and the president went beyond the business affiliations. The three children share a deep friendship. As a result, maintaining and growing their personal and trade relations is expected.
His Wife and Ivanka, the first lady, are excellent friends. Sajwani says that the trumps have been at his home and that they have also traveled to the States. Besides his entrepreneurial inclination, he has participated in philanthropic activities. Learn more about DAMAC owner: http://www.celebfamily.com/entrepreneur/hussain-sajwani-family.html
Just a while back, together with DAMAC Properties, he donated 2 million AED with the aim of clothing one million children.