Hussain Sajwani is the chairman of DAMAC Properties. This is one of the largest luxury property developers in the Middle East. Damac studied at the University of Washington and graduated with a degree in Business. Sajwani joined GASCO as a contracts manager immediately after graduating from school. He worked at the company for one year before leaving to start his own business. Sajwani started a catering venture in 1982. It has grown into a successful business.
Hussain Sajwani ventured into the property development sector in the 90s. He was able to build several hotels. This was in anticipation of the influx of tourists and foreigners who were coming to the emirate to trade and to conduct business. The Dubai government allowed foreigners to buy and own property in Dubai in 2002. Sajwani capitalized on this opportunity and started DAMAC Properties. Hussain Sajwani and Donald Trump are business partners and good friends. Trump said that he would not be taking up any business deals after being elected President.
The Damac owner has stated that he is confident in the abilities of President Trump’s children. He said that they had been involved in the business for many years. Sajwani noted that the children were very protective of the brand. They were the right people to lead the company. Trump and Hussain Sajwani worked together to develop the Trump International Golf Club. Luxury villas at the golf club that was opened at the start of the year have already been sold. The Hussain Sajwani family and Trump’s family are very close. They spend time together. Sajwani and his wife were invited to President Trump’s celebration on New Year’s Eve.
DAMAC Properties has two thousand employees. It is a public company that is listed on the Dubai Financial Market. The company has developed close to 20,000 homes and thousands of units. DAMAC has developed projects in London, Riyadh, Abu Dhabi, and Dubai. The property development firm has worked with several other top brands and companies in the development of its properties. These brands include Versace, Fendi, Bugatti and Bentley, the car company.
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