Hussain Sajwani, the famous UAE business tycoon, has recently attracted global media attention. The close ties he holds with the U.S. President, Donald Trump, have put his name on numerous news headlines. Sajwani is the founder and current CEO of DAMAC Properties, a publicly trading Dubai-based company.
Damac properties, which is linked to the Hussain Sajwani family, is the largest real estate company in the Middle East. It owns vast luxury real estate establishments in the Middle East and the United Kingdom. The company is currently estimated to be worth more than $ 300.5 Billion.
DAMAC Properties focuses on the development of luxury homes and hotel apartments in strategic global cities. To date, DAMAC Properties has completed more than 8,890 luxury hotel units and 17,000 luxury homes.
The company has successfully carried out real estate development projects in the main global cities, including Dubai, Abu Dhabi, Jeddah, London, Riyadh, Doha, and Beirut. Hussain Sajwani is also associated with investments in securities and equity. Through their company DICO investments Co LLC, they have invested heavily in various global financial and securities markets.
Hussain Sajwani, DAMAC Owner, and Founder is an astute businessman. After graduating from the University of Washington with a business related degree, he landed a job at GASCO Inc. as a contracts manager. This lucrative job was the starting point for a fulfilling career for Hussain. In the year 1982, he founded his catering company at Abu Dhabi. Learn more about Hussein Sajwani: http://www.emirates247.com/news/richest-arabs-youngest-billionaire-wealthiest-family-2016-04-17-1.627434
He later identified opportunities in the blossoming UAE real estate industry and decided to give it a shot. Sajwani established DAMAC in the year 2002 as a move to venture into real estate. DAMAC Properties gives back to the community by supporting various humanitarian projects. In the year 2013, it donated AED 2 million to the UAE Red Cross to fund the clothing of 1 million needy children across the globe.
Hussain’s ties between U.S President Trump and the DAMAC owner date back to the year 2013. Sajwani and Trump worked together in the development of two state- of- the-art golf courses by the Trump Foundation in the UAE.
The development of the Trump International Golf Course that was opened earlier on this year and the Trump Golf course to be opened early 2018 in Dubai is DAMAC properties craftsmanship. Read more:Hussain Sajwani Family | Celeb Family
DAMAC has also had close ties with past American administrations. He is believed to be one of the financial forces behind trump’s election. Trump’s children maintain very close links with the Hussain Sajwani.