DAMAC owner Hussain Sajwani is a real estate powerhouse in Saudi Arabia. He is the founder of DAMAC Group which he started in 1976. Although he is mainly known for real estate, Hussain has also worked in the catering industry. His first business endeavor was actually a catering company which is operational to date. The Sajwani family is a billionaire family and Hussain Sajwani is widely known as the Trump of Dubai.
Hussain started his catering business in 1982 soon after leaving GASCO where he was working as contracts manager. Although many people do not know this, his catering business is still a strong segment of his investment portfolio.
DAMAC Group deals in real estate, construction, architecture and engineering.
However, real estate is the main business for DAMAC Group under the wise leadership of Hussain Sajwani. The group operates one of the biggest real estate portfolios in the Middle East in both the commercial and residential field. Its headquarters are aptly located in Dubai which is undoubtedly the real estate capital of the Arab world.
It was here that Hussain Sajwani started his real estate empire. In 2002 the Dubai government passed a law that saw foreigners own property in Dubai. This was when Hussain saw an opportunity for wealth and struck gold. He built the first residential building in a low key area of Dubai and even before he finished construction all the units had sold and he was well on his way to becoming a billionaire.
Hussain Sajwani and Donald Trump: Billionaire Friends
It is this quality that has given Hussain Sajwani and DAMAC group the opportunity to rub shoulders with the likes of Donald Trump.
In fact, the two are so close that even though they can no longer do business as long as Trump is president, they maintain a close friendship.
Some of the businesses they have done together include two golf courses and luxury villas. All of these have the Trump Brand name on them.
Hussain is a charitable person who gives both under DAMAC Group and under his own name.
He donated AED 2 million for a Ramadhan campaign in 2013. The campaign was aimed at providing clothes for over a million children all over the world.
Hussain Sajwani is a force to be reckoned with and an inspiration to many business people.
Visit http://www.damac.com to learn more.