Dubai billionaire, Hussain Sajwani enjoys a healthy business relationship with President Trump. The two billionaires have partnered in multiple real estate deals that have seen them enhance their wealth. Despite the election of Donald Trump as the 45th president of the United States, Hussein believes that the two families will continue to do business together. As a show of their promising future in real estate, the proprietor of DAMAC Group and the Trumps celebrated the New Year together.
One of the key properties developed because of their collaboration is the Trump International Golf Club. According to reports, the luxury villas developed near the golf club have created a huge public demand. In total, the two have been able to earn almost $2 billion from the sales. This figure is expected to go up as more investors purchase the properties.
The relationship between the two has raised concern over potential conflicts of interest, particularly for the president. However, Trump has said that there is no need for worry, as he will be focusing on serving Americans. The president promises to make no new business deals while in office. Hussein Sajwani has close ties with Trump’s children. It is anticipated that the future deals between the Trump Organization and DAMAC Group will be made through Ivanka, Eric, and Donald Trump Jr. This information was originally published on NBC News as provided in the link below http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566
Hussein Sajwani is the leader of the Hussain Sajwani Family as well as the founder and chairman of DAMAC Group. DAMAC was founded in 2002. The company focuses on developing leisure facilities besides private residential and commercial properties. The entity started operations in Dubai before spreading its services to neighboring countries such as Jordan, Saudi Arabia, Qatar, Lebanon, and North Africa.
Hussein uses DAMAC to construct buildings that are in line with the clients dream homes. The properties are uniquely designed. These buildings are constructed in prime locations using the world’s most sophisticated building materials. Moreover, the company partners with other organizations to provide the clients with a range of houses. Such partnership has seen the development of high-end projects such as the Trump International Golf Club. In addition, Hussein Sajwani has invested in global equities and capital markets. These investments are spread across different markets.