Donald Trump announced that he would not engage in businesses when in office due to concerns of conflict of interests. This move was seen as a blow to many of his international business partners, including Dubai’s DAMAC owner, Hussain Sajwani. However, this announcement has not dispelled Hussain’s dreams. He is looking forward to continue with his business relations with the Trumps.
Hussain’s DAMAC properties partnered with Donald Trump in the development of the Trump International Golf Club in Dubai where their luxury villas have generated $2 billion in sales. While speaking to NBC News, the billionaire said that his relationship with the first family is beyond Donald Trump.
Hussain Sajwani explained that he has interacted with Trump’s three children while on both business and social trips. He expressed his hope of working with them to enhance their real estate businesses.
However, ethics experts have raised red flags concerning the intersecting interests in sensitive areas like the Middle East. Notably, Hussain Sajwani Family was recognized by President Trump during New Year’s Eve celebrations, ignored the concerns explaining that his connection with President Trump is not political.
Danielle Brian, the executive director of the Project for Government Oversight, insisted that Trump’s loyalties will be divided between the country and his business interests if his family continues to engage in business activities with his partners. Hussain has given a casual shrug to these claims and looks forward to grow his real estate business.
Hussain Sajwani is the founder of DAMAC Properties, a residential real estate development company. The shrewd entrepreneur has generated a huge wealth through his corporation. According to Forbes, DAMAC owner’s net worth stands at $3.7 billion.
Hussain ventured into Dubai’s real estate industry after the government allowed foreigners to own property in the Emirate. Targeting non-emirates, Hussain Sajwani started buying land where he developed apartments whose units sold in less than half a year.
Since establishing DAMAC properties in 2002, Hussain has been credited for developing the most outstanding properties, which have played a pivotal role in promoting the image of Dubai. Notably, Hussain Sajwani started his career in the food business where he served a diverse base of clients, including the U.S. Military.