Hussain Ali Sajwani is the chairman and founder of the international property development company commonly known as DAMAC Properties. Hussain Sajwani is among the pioneers of the Dubai property market expansion industry.
Sajwani’s Business Profile
DAMAC came after Hussain Sajwani established his name in the hotel industry. During the mid 90s, Sajwani built a series of hotels meant to accommodate the huge population streaming into the emirates to conduct trade and business. Hussain Sajwani has an impressive track record of doing business in the capital markets and global equity. Read more:DAMAC Chairman Relishes His Roots and Meet Our Board | DAMAC Properties
Currently, he has investments in numerous global and regional markets.Sajwani’s initial investment was DICO Investments Co LLC which begun in 1992. Other businesses by DICO Investments include “Al Anwar Ceramic Tiles Co”, “Al Amana Building Materials”, and “Al Jazeira Services”.
Sajwani graduated from the “University of Washington” and immediately began his career at GASCO. He was a contracts manager in the company. Shortly afterwards, he founded his own enterprise and later ventured into the business of catering.
From this humble beginning, the catering section grew tremendously and today it is an authority in the market with over 200 projects and dishing out more than 150,000 meals per day in numerous markets including Africa, CIS, and the Middle East.
The business provides services to army camps, campsites, 5 star hotels, and educational institutions. The institution is also involved in offering ancillary services such as manpower supply, maintenance, and camp managements.
In 2002, Hussain Sajwani spotted a lucrative market opportunity and founded DAMAC properties. This firm is currently one of the biggest development organizations in the Middle East. DAMAC is involved in numerous projects around the world including in cities such as Abu Dhabi, Dubai, Doha, Jedda, Beirut, Riyadh, Amman, and London.
Sajwani’s Relationship With Donald Trump
The success story of the DAMAC owner is not complete without mentioning his involvement with the current U.S. president, Donald Trump. Hussain Sajwani and Trump have been in business for a while and have collaborated on many issues involved in expanding their real estate enterprises.
Currently, the two tycoons are caught up in a deal involving the “Trump Organization”. The two have already partnered on the “Trump International Golf Club”, a deal that has seen the luxury villas garner up to $2 billion worth of sales.
According to business guru, the Hussain Sajwani family ties with the Trumps go beyond the U.S. president and also involve his daughter Ivanka, and sons Donald Jr and Eric. All the three children are involved and this is one of the reasons their relationship is more than a business affair.