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HUSSAIN ALI HABIB SAJWANI; THE BILLIONAIRE BEHIND DAMAC PROPERTIES

Hussain Ali Habib Sajwani is an international billionaire known for his business with very prominent and influential people. Sajwani started off by supplying food and providing catering services and is now affiliated with three major companies DAMAC Holding LLC, DAMAC Invest Co. LLC and Al Jazeira Services Co. Currently, DAMAC Properties firm is engaged in business with different firms such as Drake & Scull International LLC established in Dubai in 1966, LVMH Moet Hennessy Louis Vuitton SE in Paris established in 1987 and The Trump Organization in New York founded in 1980. The three companies are major supply companies; they deal in architecture and construction, supply of beverages and recreation & leisure development respectively.

 

 

He began the catering business in the 1980s and gained international recognition for the good work his company did in supplying food to the American soldiers in 1991 during the Iraq war. He has also served the Americans in Bosnia, Somalia and the Gulf. His construction company had built some mid-market hotels in Deira when the collapse of the Soviet Union led to massive numbers of people heading in that part of the world. This led to Sajwani’s decision in 2002 that real estate was the biggest goldmine. The increase in business led to the formation of the DAMAC Properties firm. His leadership was so good that he was able to see the coming cash fall in 2008 and manage to put up policies that made the survival of DAMAC Properties possible. In addition to its investment in real estate, the company is involved in development of commercial, leisure and residential properties.

 

 

Sajwani has a very close relationship with the president-elect Donald Trump. They are business partners through the collaboration of DAMAC Properties with The Trump Organization, a firm founded by Trump. Their most recent project was the construction of the Trump International Golf Club that has already made more than $2 Billion sales. As the conflict of interest rises for the President-elect; Sajwani says that they are more than business partners, their families are friends and they occasionally take dinners together. This is evidenced in Trump’s New Year celebratory party where he speaks highly of Sajwani’s family. In 2015, DAMAC Properties made a donation to UAECompassion campaign to support the refugees in Lebanon and Jordan.

Learn more:

http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566

https://www.bloomberg.com/profiles/people/15249401-hussain-ali-habib-sajwani