Hussein Sajwani: Excellent Businessman and Investor
Hussein Sajwani is the founder and CEO of the DAMAC Group. Sajwani attended the University of Washington where he graduated with a Bachelor’s degree in Economics. He started his career at GASCO as a contracts manager. GASCO is a subsidiary of the Abu Dhabi National Oil Company after a short while. Sajwani decided to venture into entrepreneurship and started Draieh Management Services Company (DAMAC).
The DAMAC Group is the largest luxury private real estate developer in the Middle East. The company is headquartered in Dubai and is valued at more than four billion dollars. Sajwani is the Chairman of the enterprise and is the biggest shareholder with a stake of 85%. The DAMAC group is an international company and has offices in several locations worldwide including Europe, North Africa, and the Far East.
Sajwani has had a very successful investment career. Most of his investments have made significant returns for him. He established an investment company known as DICO Invest in 1992. Sajwani has been involved with Al Anwar Ceramic Tiles which he invested in 1998. Sajwani is credited for the success of the firm which is the only tile manufacturer in Oman today.
Sajwani is the chairman of the boards of several businesses that he is involved with including Al Anwar Ceramics Co, Al Jazeira Services, and DAMAC. Sajwani has served on the boards of JUNO Online, Majan University College in Oman, and the Emirates Takaful Company which is based in Abu Dhabi. Sajwani is an avid philanthropist. He has supported a few charities over the course of his career. He donated 2 million UAE Dirham to provide clothes to deprived children around the world in 2013.
Sajwani and Donald Trump have been business partners and friends for a long time. The two collaborated on the Trump International Golf Club which has been a major success. Sajwani and his wife were also invited to Trump’s New Year’s Eve celebration at the Mar-a-Lago. Sajwani congratulated Trump on his win and said that he is confident that he will continue to do business with the family.