Hussain Sajwani is the founder of DAMAC Properties. The shrewd entrepreneur posits that after completing his degree at the esteemed University of Washington, he secured a job as the contracts manager at Gasco, one of the subsidiaries of the Abu Dhabi National Oil Company (ADNOC). After rendering his services to the company for a while, he left to establish his own company. Hussain settled for the lucrative catering business considering that he had identified his niche. The company served the United States Army in Somalia, the Gulf and Bosnia. Moreover, Sajwani says that he was able to partner with internationally-renowned corporations such as Bechtel. This opportunity provided Hussain Sajwani with the much needed exposure and leadership experience.
When the government of Dubai allowed locals and foreigners to invest in the lucrative real estate industry, Sajwani was ready to establish his company that would offer innovative services. To this end, Hussain Sajwani incorporated DAMAC Company in 2002. He remembers that he located an undeveloped space and bought it. Six months to commencing the actual construction, Hussain had sold many units of the planned 38-story building. This move fuelled the executive’s interest in the industry. He went on to develop many other properties in the Middle East. Hussain Sajwani says that he decided to incorporate his catering business with DAMAC Properties because it reminds him of his entrepreneurial roots.
DAMAC Properties is one of the successful real estate developers in the UAE. The company has developed and sold over 18,500 homes. Presently, they are developing more than 44,000 units in different locations. The DAMAC owner says that the company has managed to run as a going concern because of having a talented workforce. In addition, the company has been partnering with the right development companies. By virtue of working with award-winning architects, contractors and designers, DAMAC Properties has been able to maintain its leadership position in the competitive real estate industry.
President Trump has known Hussain Sajwani family for long. This is because Trump and Hussain have partnered on different businesses. Together, they developed the Trump International Golf Course. Notably, President Trump talked fondly of Hussain and his family when they attended the New Year’s Eve event in Florida. Lastly, Hussain Sajwani is a philanthropist. During Ramadan, he supported an initiative seeking to cloth many children by donating AED two million.
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