Over the years property development has become a lucrative industry, and one of the individuals who has cemented their names in this industry is Emirati billionaire Hussain Sajwani. The property development mogul is the fourth richest man in the world and owner of DAMAC Properties. His career started out in the Abu Dhabi gas industry. He worked in the finance sector for almost two years before he decided to quit and start his ventures. Hussain Sajwani invested in a catering service business which is called Global Logistics Services and currently provides meals in the international market with reputable clients like the United States Army.
In 1995, he realized the potential of the real estate market in Dubai and decided to venture into the industry by building small hotels, and in 2002 he founded DAMAC. DAMAC Properties is one of the leading global real estate companies. Today, DAMAC has developed more than 20,000 houses and still has almost 44,000 under development. It has been able to expand its presence in major cities like Doha, Dubai, and London. The company has worked with designers like Versace and Fendi to provide great finishing and décor in several of their projects. They have also developed a golf course which was designed by Tiger Woods and is operated by the Trump Foundation.
Saudi Projects said that Hussain Sajwani has been able to cultivate and maintain a healthy personal and business relationship with president Donald Trump. They have been spotted on different occasions attending each other’s social events like Trump’s New Year party which Hussain Sajwani and his family traveled from Dubai to attend. In addition to the golf course, the DAMAC owner and POTUS intend to do more business deals in the future.
When it comes to supporting the community, Hussain Sajwani leads by example. During Ramadhan, he donated AED 2 million towards Sheikh Mohammed bin Rashid’s campaign to clothe one million children around the world. While making this generous donation, he pointed out that children were the future and it was essential to improve their living conditions. The DAMAC owner pledged to continue supporting Sheikh Mohammed’s initiatives to assist the less privileged.