Hussain Sajwani is the founder and current Chairman of DAMAC Properties. Sajwani was born in Dubai in 1956. His interest in business began when he tended to the watch shop that his father owned. He schooled at the University of Washington and graduated with a Bachelor of Science degree in Industrial Engineering and Economics. He started his career at GASCO as a contracts manager in 1981.
He left the company after a year to venture into entrepreneurship by opening a catering business. The firm manages hundreds of projects today. It serves more than a hundred thousand meals daily. The company services campsites, hotels, army camps, construction sites, and other institutions. It has also diversified the number of services that it offers to include camp maintenance and staffing. Learn more about DAMAC owner: http://www.damac.com/terms-of-use/
Hussain Sajwani first ventured into the real estate business in the nineties when he developed a couple of hotels to accommodate the increasing number of people moving to Dubai. He established DICO Investments in 1992. The company has billions of assets under management. It invests in debt instruments, strategic holdings, and long-term investments. Sajwani has also invested in various other enterprises such as Al Anwar Ceramic Tiles, Al Jazeira Services, and Al Amana Building Materials.
Hussain Sajwani started DAMAC Properties after the Dubai government granted foreigners permission to own property in the country. DAMAC Properties has grown to become a major player in the property development sector in the Middle East. It has developed projects in several locations including Abu Dhabi, Jeddah, Doha, and London. Read more: Hussain Sajwani | Forbes
The company has a workforce of close to two thousand. It is publicly-listed on the Dubai Financial Market. DAMAC has collaborated with other top brands to deliver projects including luxury villas that were styled by Bugatti and apartment interiors that were designed by Versace.
Sajwani’s relationship with Trump started in 2013 when they teamed up to develop two golf courses. Tiger Woods designed one of the courses known as The Trump World Golf Course. It will be launched towards the end of next year.
The other one was opened two months ago and is located at the Akoya residential development which is owned by DAMAC. Trump recently praised Sajwani when he offered him a $2 Billion deal. He had to turn it down because he is president.