Hussain Sajwani is a United Arab Emirate-based entrepreneur. He was born in 1956 and is the executive chairman of DAMAC Group. He attended the University of Washington and graduated with a degree in economics. After completing his university studies, he got a job as a contracts manager with GASCO, a subsidiary company of Abu Dhabi National Oil Company. A few years later, he founded DAMAC LLC that eventually, became the DAMAC group of companies. A decade later, Hussain Sajwani established DICO, an investment company. Today, the company holds some investment portfolios in different businesses. The entrepreneur is also the founder of Co SAOG, a company with a capitalization of over 125 million dollars. The success of this enterprise was achieved after Hussain Sajwani invested in the insurance sector by buying 40 percent stake in Al Ahlia Insurance Company.
Hussain Sajwani has invested in Al Anwar Ceramic Tile Company. It is the first and the only manufacturer of tiles in Dubai. He has been instrumental in the prosperity of the enterprise. At the company, he is the Chairman of the board. Additionally, he holds shares in Taiba Kuwait Holding Company and Al Ahlia Insurance Company. Today, DAMAC industries are valued at a net worth of 4 billion dollars with 85 percent shares belonging to him.
In the recent events where Donald Trump has become the 45th president of the United States, Entrepreneur Hussain Sajwani has expressed the desire to enhance his relationship and work with Trumps administration. The agenda of increasing the relation is to ensure that they can combine efforts and put up more real estates. The two spent the New Year’s Eve together and have already partnered in bringing up luxury villas in the States. The sales from these villas racked up over 2 billion dollars. He said that the relations with the President extend beyond the professional boundaries. He added that his wife and the first lady, Ivanka are friends. Additionally, his children have a very close relationship with the president’s children.
Besides being a businessman, he is known for his philanthropic deeds. Recently, he donated two million AED through DAMAC industries in a campaign that sought to clothe a million deprived children. The amount was enough to cloth more than 50,000 children across the globe.