When Hussain Sajwani teamed up with Donald Trump in 2013 for a real estate development job, he didn’t think that one day he will be doing business with the U.S President Donald Trump.However, the two golf courses which have a Trump branding got to be opened in February 2017 at a residential area developed by Hussain Sajwani’s Damac Properties. Read more here: DAMAC Chairman Relishes His Roots | The National
The business mogul was praised by the U.S president in his 2016 New Year acceptance speech. The Hussain Sajwani family also got to attend the invite only dinner event at Donald Trump’s Mar-a-Lago property in Florida. The Damac owner started his journey in real estate when he purchased land in an underdeveloped part of Dubai. He then built a 38-story building which he managed to sell.
Prior to this Hussain Sajwani worked in the food service industry where he also thrived, and some of his clients included the U.S Army and Bechtel. This was the genesis of him rubbing shoulders with big shots that later proved valuable as he formed Damac construction. Learn more about Hussain Sajwani: http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566
Although the food department is still part of Damac Group operations, much of its stake lies in construction. The company is even considering an IPO at the London Stock Exchange and its already at the infant stages. However, the entrepreneur says they are still waiting to be advised by the bank on further steps regarding the IPO.
About Damac properties
Damac properties were started in 2002 by Hussain Ali Habib Sajwani. The global property development company deals with Real Estate, Engineering and Construction and Architecture. It has been successful to the extent that it now offers new Bentleys with the purchase of some properties. Some of its luxury apartments have interior furnishings by Bugatti, Fendi, and Versace.
The real estate company stands on the principles of; No holding debts for land, independent developments and retaining cash reserves. According to Hussain Sajwani, these principles have helped the construction company to stay afloat despite the numerous world economic crises.
About Husain Sajwani
Hussain Sajwani is the founder, CEO, and chairman of Damac Properties. The billionaire graduated from the University of Washington, and his first job was a Contracts Manager in GASCO. In 1982 he started his catering business.The entrepreneur also owns DICO Investments Co LLC which is an investment company that deals with equities, mergers, and acquisitions. Hussain Sajwani is listed among the 100 most influential Arabs globally.