The Making Of Dubai Real Estate Mogul: Hussain Sajwani

Hussain Sajwani is a 62-year-old business mogul who started his business career as a contracts manager at GASCO, a branch of the Abu Dhabi National Oil company. Later on, in 1982 he started his own catering business which has grown over time to serve over 200 projects in the MiddleEast, CIS, and Africa. He provided catering services to clients in the energy sector in Abu Dhabi and had contracts with the US army in Afghanistan where he supplied food products.

Later on, in 2002, Mr. Sajwani, the DAMAC owner, started his property development company in Dubai, DAMAC properties, where he serves as the CEO and Chairman of the board. Hussain put his entrepreneurial skills to use to ensure that DAMAC Properties benefits from the recovery of the UAE property prices while at the same time considering the initial public offering of shares with one of the IPO venues in the LSE (London Stock Exchange). In 2013 it was listed as the first real estate company from the Middle East in the LSE through a worldwide depository receipt program that contributed US$379 million in form of IPO.

DAMAC properties have done numerous commercial, residential and mixed-use projects around the world including Qatar, Abu Dhabi, and the Kingdom of Saudi Arabia as well as Jordan and UK. He also owns the DAMAC hills golf community in Dubailand that is a 42 million square foot development.

Mr.Sajwani hopes to enhance his business relationship with US president’s real estate firm, Trump organization. They are real estate titans who celebrated the New Year eve together and he has already joined hands and supported the Trump International Golf Club, where they have luxury villas raking up to $2 Billion in sales. Despite Trump stopping any business deals while in office, Mr. Sajwani says his ties go beyond the president and up to sons Donald Jr. Eric and daughter Ivanka through whom their business relationships can grow. Mr.Sajwani is also an active philanthropist who has helped many organizations. Among them is the initiative launched by the Dubai ruler that helps the disadvantaged children globally by providing them with clothes. He wrote an AED 2 million cheque to support the same course. (Reference: Twitter)

Read full article from Forbes: https://www.forbes.com/profile/hussain-sajwani/

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