DAMAC Properties is a firm that deals with developing private and commercial properties in Dubai. This enterprise was established by Hussain Sajwani. DAMAC’s properties are not limited to Dubai. The firm also has properties in Lebanon, Saudi Arabia, Qatar, and Jordan.
Sajwani’s Career History
Hussain Sajwani studied at the University of Washington. Soon after graduation, he was hired by GASCO as a contracts manager. The ambitious Sajwani left GASCO and established his own catering business. The catering section of his company grew enormously and is now a force to reckon with in the catering industry. The establishment has more than 200 projects and supplies over 150,000 meals every day in different markets including the Middle East and Africa. The business also serves campsites, army camps, educational institutions, and 5-star hotels. The company also offers ancillary services like maintenance, camp managements, and manpower supply.
By the mid-90s, according to Albayan, Hussain Sajwani had established several hotels for accommodating a huge population of merchants and businessmen that were visiting the emirates for business. Sajwani had also made a name for himself in global equity and capital markets. His initial investment was DICO Investments CO LLC, a firm that was established in 1992. The other businesses by DICO Investments include AL Aman Building Materials, Al Anwar Ceramic Tiles Co, and Al Jazeira Services.
In 2002, Sajwani realized the profitability of the property market and established DAMAC. Currently, DAMAC is one of Middle East’s biggest property development firms. DAMAC is invested in a variety of projects across the globe. DAMAC conducts business in cities like Doha, Abu Dhabi, Dubai, Riyadh, Beirut, London, and Amman.
The Hussain Sajwani family is known for its generosity and philanthropic activities. Sajwani’s most notable donation was the two million dollars given to meet the clothing needs of destitute children worldwide. In conjunction with Red Crescent and Emirates, this clothing campaign has generated AED 120 million. Sajwani’s efforts are meant to help cloth the more than 50,000 children from poor backgrounds.
Hassan Sajwani’s Relationship With the U.S. President
The DAMAC owner exploited the opportunity to establish his enterprise in Dubai following the government’s decree that allowed foreigners to own property in the Middle East nation. Sajwani’s business acumen and ethic has helped him conduct business with the big wig entrepreneurs from different parts of the world including the U.S. president, Donald Trump.
Hussain Sajwani and Trump have a rich history of doing business. The two tycoons have been focused on expanding their real estate business to greater lengths. Currently, Sajwani and Trump are working on the “Trump Organization”. The duo worked together on the “Trump International Golf Club”. This deal led to sales amounting to $2 billion.
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