Hussain Sajwani is an Emirati billionaire and the founder of DAMAC Properties a company that majors in property development and real estate. Hussain benefited from a government scholarship and studied in the U.S at the University of Washington where he achieved his degree in economics.
Abu Dhabi Gas Industries hired him in 1981, and that was the start of his career path. He later established his organization that dealt with catering services. Then the company was rebranded to Global Logistics Services. The company mostly served the U.S military across the world.
Hussain Sajwani founded DAMAC Properties which is now one of the fastest growing global companies as it was ranked by Forbes. The organization is associated with the eye-catching and spectacular properties in UAE.
In 2002, Hussain had a vision, and he knew that property investment was the future growth of Dubai. In 2008, Dubai experienced what looked like property bubble, the property regulator also introduced strict laws and rising prices in land sales, however, under the leadership and watch of Hussain Sajwani his company was able to manure through the crisis and emerged strong.
The company continues to thrive developing the most beautiful and breathtaking properties. The billionaire also has a close business relationship with the U.S president Trump and hopes to enhance and boost his investments mainly in the U.S. DAMAC Properties has also worked by famous investors such as Versace and Fendi.
The two prominent figures celebrated the New Year’s Eve together, and that is an indicator that both have a close relationship away from the business. DAMAC Properties and Trump’s organization that also deals with real estate development worked hand in hand to develop Trumps International Golf Club which contains a number of luxury villas. However, Trump said he won’t take any business deals as he is still in office to avoid being accused of conflict of interest.
Hussain Sajwani is known to be a kind man and a philanthropist. He has supported various charitable events and projects across Asia. He donated AED 2 million to an initiative that is meant to support the disadvantaged children. The project was initiated and launched by the Dubai Ruler.
Sajwani and how he started DAMAC Properties: http://www.thenational.ae/business/industry-insights/property/damac-chairman-relishes-his-roots