The chairman, CEO, and founder of DAMAC Group Hussain Sajwani is a man who knows how to spot opportunities long before they occur and turn them to his advantages. Read more: Hussain Sajwani Family | Celeb Family
The organization he heads has global interests in engineering, architecture and construction businesses. Although he started out as an entrepreneur in an entirely different field, through skillful negotiations, and collaborations, he founded DAMAC Group, his present flagship company in 2002.
He came to the limelight during the U.S. led coalition war, Operation Desert Storm, against Iraq when he was contracted to supplier food to the American army. Before the supply venture, he had served Americans in far-flung places like Bosnia, Somali, and the Gulf.
Due to his association with big American companies like Bechtel, Hussain Sajwani, the Damac owner knows how to cultivate healthy friendships with prominent personalities. It is this wonderful ability that made him transform the food business he started in the 1980s with the large group in real estate he now heads.
Coming from the Hussain Sajwani family that had interests in the development of housing property in Dubai, he first started by developing middle-level hotels in Dubai. However, he soon ventured into the development of top-of-the-range luxury properties through DAMAC by using an off-plan business model as the key to sales.
Perhaps the most impressive achievement Hussain Sajwani, the billionaire investor in real estate has had so far is his business dealings with the Donald Trump, the U.S. president. In 2013, before Trump became President, DAMAC entered into a partnership to construct two golf courses that have the brand of Trump.
Tiger Woods designed the Trump World Golf Course which will open at the end of 2018 at a DAMAC property. The first property, the Trump International Golf Course was opened at a residential property known as Akoya owned by the same group. President Trump, with whom the tycoon seems to enjoy true friendship, once described him as an amazing personality.
Despite his substantial involvement in the housing business, the friendly businessman still owns the original company in food services which thrust him into prominence. Learn more about Hussain Sajwani Family: http://hussainsajwani.com/
He bases his enterprises on three principles which are not holding debts for land, making their escrow accounts independent and never transferring money from one account to the other so that every development is self-supporting.
He spreads the wealth he owns to many charities and nonprofits. Recently, he gave AED $2 million to help clothe and feed poor children in the campaign to dress one million needy children.