DAMAC owner Hussain Sajwani, has gone into business with the now President of the United States, Donald J Trump. They have a partnership that is around a lavish golf course and has made the Damac owner extremely wealthy. Hussain Sajwani is a billionaire for sure with his fortune growing at every stage of his company building new properties in Dubai and surrounding areas. Sajwani has stated he is very good friends with Donald J Trump and finds him to be a great developer. Though they cannot do business with the Trump organization, he did mention that Trump turned down a $2 billion-dollar deal. He says their relationship is great and Trump has done a fantastic job with his organization. The big developments they have partnered in will be two golf courses. He will be working with Donald Trump Jr and Eric on the second course.
As of this year, Damac has given projects to Riyadh and Amman. This is DAMAC Esclusiva and The Heights. They hired a new vice president for London in the business development department. Richard Choi will continue work on the 50-story town nestled in the city of Aykon London One. Hussain Sajwani attributes a lot of his company’s success to the changes with government regulations and brings up the issue of payment plans. Sajwani hopes they will address the growing problem and make it reasonable for all of the developers involved. He further states the market can go soft and this will bring about speculation, which can surely have developers suffering from the changes. They may find that they can’t deliver on their products.
Hussain Sajwani, Damac owner and billionaire has a new focus that includes the Damac Foundation. The goal is to have a philanthropic venture sponsoring the One Million Arab Coders initiative. It was started by UAE Vice President and Prime minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum. They will target training in the form of free programming. They believe that all companies in the Middle East and UAE should engage in contributing to this part of society and the partnering businesses.
From this source: https://www.elmawkefalarabi.com/life-style/news-20180417505