Hussein Sajwani, billionaire real estate developer and owner of DAMAC Properties, amid heading a thriving business in Dubai, has his eyes on taking his company to the next level by creating powerful partnerships throughout the world, and has recently been in the news for his business dealings with one powerful leader in particular; Donald Trump.
Sajwani and his company DAMAC Properties just wrapped up the construction and opening of a luxury golf course called Trump International Golf Club and he spoke publicly about his budding relationship with the Trumps and his hopes of engineering future endeavors between the two sides. Today, the Trump International Golf Club has garnered sales of over $2 billion due to the popularity of their villas.
While this lucrative business venture seems to be one that Sajwani and Trump are eager to continue, due Trump’s status as the President of the United States, a possible conflict of interest may have been created.
In response to the possible conflict of interest controversy, Donald Trump reassured the public that while his partnership with Hussein Sajwani began prior to his presidency and Presidents aren’t subject to conflict of interest regulations, the operations of his business with the DAMAC owner will be passed down to his children.
It has been noted that the Hussain Sajwani family has also been an integral part in the blossoming business dealings between both parties. According to Sajwani, his wife has a personal relationship with Ivanka Trump and both families have visited each other’s homes and have had dinner together.
Although today Hussein Sajwani is a titan in the luxury real estate development industry, he began his career in a much different industry. Currently the Chairman of DAMAC Properties, Sajwani got his initial start when he developed a food company that specialized in catering.
The immense success that Sajwani saw in the catering business ballooned tremendously when he developed a relationship with the United States military in the 90’s. Sajwani realized the limited growth potential of the catering business and later began his foray into the world of real estate.