Hussain Sajwani’s career background
Hussain Sajwani was born around 1952. The Damac owner got a government scholarship to study in the U.S where he studied Industrial Engineering and Economics at the University of Washington and obtained a bachelor’s degree. In 1981, the Damac owner began his career in Abu Dhabi Industries in the finance department. After two years, he commenced a catering business whose customers included the U.S military. This catering Venture still operates today as Global Logistics Services.
In 2002, Hussain founded Damac Properties which has now become among the largest property developers in the Middle East. Since being established, the business has developed about 19,000 apartments, and over 44,000 units are in various construction stages. In 2015, Damac Properties was publicly listed to have its shares trade on the Dubai Financial Market. It has developed luxury apartments whose interiors are done by Versace and Fendi, Bugatti Luxury villas, and in partnership with paramount pictures, it has developed Paramount Hotels and Resorts. Hussain has received several awards including Arabian Business Real Estate Award.
The Damac owner’s Philanthropic efforts
In 2013, the Damac owner, contributed AED 2 million to a campaign aimed at clothing a million children across the world. Sheikh Mohammed bin Rashid Al Maktoum launched the Ramadan Initiative according to Forbes. Damac Properties showed its support of the government’s efforts to raise living standards all over the world. With its donation, Damac Properties will offer Warmth and clothing to over 50,000 deprived children. The Hussain Sajwani-DAMAC Foundation, in 2017, sponsored One Million Arab Coders Initiative of Dubai Future Foundation, also launched by His Highness to give free training on software development to a million Arab youths.
Hussain Sajwani and Donald Trump
When celebrating his win in December 2016 as President-elect at his Mar-a-Lago Resort, Donald Trump heaped praise on the Damac owner who is his Dubai business partner. Damac Properties built The Trump International Course Dubai and the second course is under constructions at Damac’s Akoya Oxygen scheme. According to Hussain Sajwani, Trump election enhances his organization’s brand profile and being his partner afforded them a benefit.