Hussain Sajwani is a popular Dubai-born executive and investor, with an interest real estate and capital markets. He is the founder, chairman, and owner of DAMAC Group, a multinational company headquartered in Dubai, UAE. Hussain pursued his studies at the University of Washington and graduated with a bachelor’s degree in economics. Hussain once served as a board member of various organizations including the Al Ahlia Insurance, Majan University College, and Emirates Takaful Company.
About Damac Group
The DAMAC Group was established in 1992 as a catering company in Dubai, UAE. Around that time, the company built and managed hotels that offered accommodation to foreign entrepreneurs in Dubai. According to the company’s founder, Hussain Sajwani, the catering business was not paying like he would have wished. Being an ambitious businessman, Hussain established the DAMAC Properties in 2002. DAMAC Properties was a subsidiary company of DAMAC Group that developed residential and commercial properties in the Middle East. Since its launch, Damac Properties has expanded its operations, employing close to 2,000 people.
Under the able leadership of Hussain, DAMAC Properties has launched numerous multi-million dollar projects in major cities like London, Beirut, Riyadh, Dubai, Abu Dhabi, and Doha. The company is publicly listed, and its shares are traded on the Dubai financial market. The DAMAC Group is currently involved in several industries, including industrial catering, property development, and insurance.
Hussain Sajwani, through the DAMAC properties, has significantly contributed to the philanthropy world. In 2013, he donated 2 million AED to the Ramadan initiative, a campaign aimed at providing clothes to more than one million needy children world over.
Hussain and Trump Business Ties
Before his election as the president of the U.S., Donald Trump had enjoyed a fruitful business partnership with Hussain Sajwani. The two real estate bigwigs teamed up to develop luxury villas under the Trump International Golf Club, and they have since made over $2 billion from the venture. According to Hussain, the election of Trump as the POTUS is good news to him and their business relationship. Besides business, the two billionaires are good family friends.