If you’ve been following business news, especially in the realm of philanthropy, you’ve probably heard that Middle Eastern businessman Hussain Sajwani recently donated $2 million (AED) to a campaign, aimed at clothing deprived children worldwide. Hussain Sajwani is best known for his role as Founder and Chairman of DAMAC, a property development company headquartered in Dubai; however, he has also gained global notoriety for his ties to U.S. President, Donald Trump. Although he is a UAE national, the DAMAC owner spent his college years in the United States, and in 1981, earned degrees in Industrial Engineering and Economics, before returning to the UAE to begin his career.
Before establishing DAMAC in 1992, Sajwani worked in the finance department for Abu Dhabi Gas, one of the United Arab Emirates’ major gas companies, and a division of Abu Dhabi National Oil. Soon after, he decided to pursue entrepreneurship, which ultimately led to him becoming the Founder of Global Logistic Services, in the early 1980s. If you’re unfamiliar with Global Logistic Services, it is a catering business with an impressive client base including Bechtel and the United States Military. In 1996, Sajwani decided to broaden his career horizon by trying his luck in the hotel industry. He acquired several parcels of land in the downtown areas of UAE and developed small hotels, which he would later sell for a significant profit.
In 2002, after finding considerable success as a hotelier, Hussain Sajwani launched DAMAC, which is reportedly one of the biggest property development companies in the Middle East region. In addition, DAMAC is considered a leading purveyor of luxury real estate property, with 19,000 properties and another 44,000 properties in various stages of development.
Sajawni’s success in the real estate sector has drawn many parallels to President Donald Trump who, before becoming the country’s 45th president, made a fortune in New York’s real estate market. In fact, Sajawni and Trump collaborated to form the Trump International Golf Club and Luxury Villas, which yielded $2 billion in revenue for the enterprising businessmen. So, it’s probably safe to say that the comparisons are, in fact, well deserved.
To learn more, visit www.damac.com.