Hussain Sajwani, a UAE national, graduated from the University of Washington and began working in GASCO as a Contracts Manager. He later set up a private food services business and a catering venture in 1982 where he catered to the U.S. military and established Bechtel. He built several hotels in the mid1990s to accommodate businesspersons coming to the UAE. He founded DAMAC properties in 2002, and it has grown to become one of the Middle East’s largest property development companies.
The DAMAC owner is an outstanding expert in the real estate world specializing in administration, finance, legal, sales, and marketing. Hussain Sajwani’s experience as a real estate developer is behind the quick growth of DAMAC Properties, and today it has set up prestigious projects in large cities such as London, Dubai, Riyadh, Jeddah, Beirut, Amman, Doha, and Abu Dhabi. DAMAC Properties is a publicly-listed company, which has nearly 2000 employees and it trades its shares on the Dubai Financial Market trades. DAMAC Properties has a development portfolio of more than 44,000 units and has developed more than 20,230 state-of-the-art homes to date.
Besides his role as the Chairman of DAMAC Properties, Hussain Sajwani has gained a competitive streak in both the global equity and capital markets. Mr. Sajwani also owns a flagship investment company, DICO Investments, which specializes in private equities, mergers, and acquisitions. His family has close a relationship with influential politicians and prominent businessmen such as Donald Trump. In his speech on the New Year’s Eve, Trump described his relationship with Hussain Sajwani as a solid one. Mr. Sajwani hopes to enhance business with the Trump Organization, which is a real estate firm owned by President Donald Trump. In fact, DAMAC Properties joined forces with the Trump Organization to set up the renowned Trump International Golf Club.
On behalf of DAMAC Properties, Hussain Sajwani gave out 2 million to charity in 2013 to help less privileged children around the world buy clothes. This donation was towards supporting Ramadan Initiative, a campaign aimed at buying clothes for a million children around the globe. According to Hussain Sajwani, the contribution was part of the DAMAC Properties’ support to help the Dubai government end poverty.
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