After winning the presidential elections, Donald Trump announced that he would not engage in business to avoid any possible conflicts of interest. However, Hussain Sajwani, Trump’s real estate business partner, indicated that he was ready to do more business deals with the new President’s real estate firm, the Trump Organization. Read more: Hussain Sajwani | Newksira
The two real estate moguls celebrated the New Year’s Eve together. Hussain Sajwani’s DAMAC Properties partnered with Donald Trump in the development of Trump International Golf Club in Dubai, where luxury villas have generated close to $2 billion in sales. Talking to NBC News, Hussain Sajwani said that his relationship with the Trumps goes beyond business.
In his New Year’s Eve speech, Trump praised Hussain Sajwani family. The DAMAC owner explained to NBC News that he has interacted with the three children of Donald Trump. He added that his wife has a close relationship with Ivanka, Trump’s eldest daughter. He is hopeful that with the leadership of the three children, they will be able to expand and grow their business ties.
Ethics experts have raised concerns about intersecting interests in sensitive regions like the Middle East. Hussain Sajwani brushed off these concerns saying that he does not have political ties with President Trump. He posited that Trump’s victory in the election was an added advantage since it would strengthen their brand. Trump’s spokeswoman, Hope Hicks asserted that Trump was working on the immediate transfer of management of the Trump Organization.
Hussain Sajwani is a veteran investor and entrepreneur, who is the founder and chairman of a renowned real estate development company, DAMAC Properties. His real estate journey began in the mid-90s, during the introduction of property market expansion in Dubai.
He used this opportunity to establish hotels that hosted the increasing population as many people were moving to Dubai to trade. Riding on the success of this project, Hussain Sajwani managed to develop other properties in the UAE. Learn more about Hussain Sajwani: http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566
Over the years, he has provided visionary leadership that has helped DAMAC Properties to become one of the largest real estate development companies in the Middle East. Presently, DAMAC Properties has over 2000 employees and its shares are traded on the revered Dubai Financial Market.