DAMAC is a UAE entity associated with exquisite promotional stunts, trendy golf course projects, and flashy property growth. Hussain Sajwani is the chairman and founder of the company. He joined the food industry in the 1980s. Sajwani began as a supplier who used to deliver catering services to people working in Abu Dhabi energy plants and the United States Army.
Hussain Sajwani, the DAMAC owner, decided to move to the real estate sector in 2002 as the food industry was making low profits. He came from an entrepreneurial family in Dubai. Hussain Sajwani father was a reputable trader in the real estate trading. He had hotels in Deira after the collapse of Soviet Union.
DAMAC Group Operations
DAMAC Properties was established in 2002. It has worked on developing its models and bases them on specified principles. The entity has opened outlets in Saudi Arabia, Qatar, Jordan, and North Africa. It oversight architects and designs appointment, property acquisition, and construction projects. Its diverse proficiency enables the company to create good governance.
DAMAC Properties is based in the UAE. It has managed to complete 8,890 units since its establishment. It has over 19,136 structures at different construction stages in the region. The firm had planned to complete around 5,193 buildings by 2013. It introduced DAMAC Maison, the hospitality department, in 2011. The unit was established to deliver customized services to the apartment dwellers who were 7,957 by 2016 December.
Hussain Sajwani is also a renowned philanthropist. He gave out two million to fund a campaign for deprived children across the world as mentioned in a post from Analyst of Finance. The movement reaches out to more than 50,000 kids from less fortunate family. They have partnered with Emirates Red Crescent, a humanitarian association, to raise AED120 million for similar projects.
Ken Gross, a political law expert, stated that Donald Trump takes advantage of his position to create and strengthen business relationship with entrepreneurs from all over. The president-elect is yet to clarify his moves to end any conflict of interest likely to arise. His team confirmed that he did not have a formal meeting with Hussain Sajwani in Florida.
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