Hussain Sajwani is a self-made billionaire with a net worth of $3.7b. He is the DAMAC owner, as well as its founder and CEO, which he founded in 2002. The company is The Middle East’s largest private real estate developer of luxury properties. Its headquarters are in Dubai.
Mr. Sajwani plunged into real estate business in 2002 when Dubai was experiencing a six-year boom in real estate business. The Hussain Sajwani family had ventured partially into real estate in Deira during the 1990s to take advantage of the influx of visitors due to the disintegration of Soviet Union.
Damac Properties has strategic partnerships with the world’s largest companies. Such companies include the Trump International Organization, Noor Bank, LVMH among others. Mr.Sajwani also has developed special individual relationships with the world’s prominent people such as US President, Donald Trump, and Tiger Woods. Read more: DAMAC Chairman Relishes His Roots
Sajwani’s Career Life and History
Mr. Hussain was born in 1956 in Dubai, United Arab Emirates. He holds a Bachelor of Arts/ Science Degree from the University of Washington. He started off in the food service industry where he got contracts with the US government during the First Iraq War.
After completing his degree program, Mr. Hussain joined GASCO where he served as the contracts manager. He left shortly after and joined Abu Dhabi National Oil. Due to his aggressiveness in business, he started his company, DAMAC LLC in 1982 which later became DAMAC Group in 2002.
DAMAC Group has strategic partnerships with the world’s largest companies. Such companies include the Trump International Organization, Noor Bank, LVMH among others. Mr.Sajwani also has developed special individual relationships with the world’s prominent people such as US president, Donald Trump. Learn more about Hussain Sajwani Family: http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566
Relationship with Trump
Mr. Hussain Sajwani has a unique business and personal relationship with the Trump family. President Trump’s owned, The Trump International, a real estate supplier has been chosen by DAMAC Properties to supply it with real estate services. DAMAC Properties was also given the contract to build the Trump Golf Course in Dubai. In his new year’s speech, the then president-elect, Trump heaped praises on Mr. Sajwani who was in attendance.
Sajwani is a very generous person who likes giving back to society. He is always involved in many philanthropic activities. On Ramadhan, he handed a cheque of AED two million to UAE Red Crescent, an initiative created to help improve the livelihoods of needy children by providing good clothing and other basic needs.