DAMAC Owner Hussain Sajwani: Fortune and Friends

With an estimated net worth of $3.8 billion, it is clear that DAMAC owner Hussain Sajwani is a very successful businessman. His work has netted him both fortune and friendships with some notable names.

Hussain Sajwani started out in a middle class household in Dubai, went to college in the U.S., and returned to work in the finance department of a gas company for a couple of years. In 1983, his entrepreneurial drive pushed him to start his own business–a food services company. This turned out well for him.

In 2002, Hussain Sajwani decided to expand his business success. He expanded into the world of property development with DAMAC Properties. The founding of DAMAC came in the wake of a significant change to Dubai property laws; this change enabled non-emirates to purchase property within the emirate.

The establishment of DAMAC moved Hussain Sajwani in a new direction. He still owned the food services company that he had done so well with, but his focus turned more to property development. Read more: Hussain Ali Habib Sajwani | Bloomberg and Hussain Sajwani | Crunchbase

As DAMAC owner, Hussain Sajwani has played a significant role in shaping the built landscape of Dubai–perhaps more so than any other person. From his first high-rise apartment building set in a then fairly undeveloped area of Dubai, Hussain Sajwani has shaped the look of Dubai.

In the role of DAMAC owner, Hussain Sajwani has bolstered his fortune. The company has done extremely well in Dubai and throughout the Middle East; in 2016, DAMAC generated revenues of nearly $2 billion.

Among the projects that DAMAC has undertaken were two Trump-branded golf courses; this business partnership that Hussain Sajwani established with Donald Trump has turned into a friendship. Learn more about Hussain Sajwani: https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board and http://www.gulfconstructiononline.com/news/story/4267

The Sajwani and Trump families have grown close, and several members of the Trump family were in attendance at the wedding of Hussain Sajwani’s daughter Amira recently.

Donald Trump has described Sajwani as a friend. Hussain Sajwani, for his part, has expressed a desire for DAMAC to be able to do more business deals with the Trump organization.

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