Billionaire Hussain Sajwani is confident of that his business relationship with Trump Organization, Donald Trump’s real estate firm, will continue to thrive. DAMAC Properties, which was founded by Hussain Sajwani, partnered with President Trump’s company to develop the Trump International Golf Club. So far, the property’s luxury villas have generated over $2 billion in sales. After he assumed power, most people feared that the president would engage in business, thus creating a potential conflict of interest. To this end, President Trump promised that he would not engage in any new business deals during his tenure. Hussain Sajwani told NBC News that his relationship with the Trumps extends to Ivanka, Donald Jr. and Eric, Trump’s children.
The DAMAC Owner contends that his company started operations by working for the United States Army during the renowned Desert Storm operation as a catering service. Owing to their outstanding performance, the company was contracted to work for the Americans in the Gulf, Bosnia and Somalia. Hussain Sajwani says that DAMAC Group went on to work for large American corporations such as Bechtel. The food service company is part of DAMAC Group, as it serves as a reminder of Sajwani’s first business and his ability to network with his friends, who work for international corporations.
With the recovery of property prices in the UAE and acceptance of foreigners to own properties in the country, Hussain Sajwani re-engineered DAMAC Properties to focus on the real estate business. He went ahead to undertake the company’s initial public offering (IPO) by listing the corporation’s shares in the London Stock Exchange. After he purchased land, Hussain Sajwani managed to sell many units of the 38-story residential building six months before commencing construction. Through DAMAC Properties, the shrewd entrepreneur has been able to enhance the image of Dubai as a glitzy destination.
On New Year’s Eve, President Trump delivered a speech at his Mar-a-Lago resort, which is based in Florida, before 800 paying guests. He praised his business partners around the globe, including Dubai. In particular, the president thanked Hussain Sajwani family for attending the event. He went on to say that they were the most beautiful people and were enjoying every moment of the celebrations. The president’s transition team contended that Trump and Hussain Sajwani did not engage in any discussion about their business partnership. Notably, Hussain has supported various charitable initiatives, including donating AED two million towards a Ramadan project seeking to cloth a million children around the world.
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