Hussain Sajwani is a successful businessperson and the renowned Chairman of Damac Properties, a leading global development company. Before founding Damac properties, he began his career at Gasco where he served as a Contracts Manager. After a while, Hussain established his business in catering venture in 1982.
In the mid-90’s, he pioneered in the property market expansion in Dubai. Hussain developed numerous hotels to accommodate the growing number of visitors who were coming to the Emirates for trade and business purposes. Moreover, he established Damac Properties in 2002.
Damac Properties is a leading property development company in Dubai and the Middle East. The company engages in the development of leisure, commercial, and residential properties. Hussain Sajwani, the Chairman of the company, who has a broad experience and expertise in property development from sales, marketing, legal, administration, and finance.
Therefore, he has played a vital role in Damac’s success and several projects in cities such as London, Dubai, Abu Dhabi, and Jeddah. Damac Properties currently employs around 2,000 employees and has the best track records in the field of property development market. Learn more about DAMAC owner: http://www.hoteliermiddleeast.com/23813-the-rise-and-rise-of-damac/http://www.hoteliermiddleeast.com/23813-the-rise-and-rise-of-damac/
Damac has three important principles that explain its business model. The company does not hold debt for land, and it does not transfer money from one account to another hence escrow accounts are independent. Additionally, Damac retains cash reserves, government bonds, and fixed accounts.
How Does Donald Trump Relate with Hussain Sajwani
Hussain Sajwani and Donald Trump, America’s President-elect, are close business associates because Damac Properties built the real estate firm of Donald Trump called the Trump Organization. Hussain and Donald also collaborated to build the Trump International Golf Club. During the New Year’s Eve, Donald acknowledged the presence of Hussain Sajwani family. He also praised them for being the most beautiful people from Dubai.
The Generosity of Hussain Sajwani
Hussain Sajwani, the Damac owner, gave a check of AED two million to a Ramadan initiative. His Highness Sheikh Mohammed bin Rashid Al Marktoum the Ruler of Dubai and Vice-President and Prime Minister of UAE inaugurated the initiative.
The Ramadan initiative was a global campaign for clothing a million deprived children. Hussain’s contribution was part of Damac’s continued support of the government effort of Dubai to improve people’s living standards worldwide. Moreover, the company’s contribution would clothe over 50,000 destitute children.
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