Everyone has been wondering about the connection that exists between Donald Trump and Hussain Sajwani, the current president and CEO of the DAMAC group. Well, the first connection that exists between the two is the fact that they have both invested in the world of hospitality. The DAMAC group is a company that has been inexistence for the past 25 years. It has been able to expand its influence in the Middle East to Africa and other CIS states. Up until 2013, Hussain was the sole owner of the group, and then he decided to sell a part of the company in terms of global depository receipts at the London Stock Exchange. Currently, he owns about 85 percent of the business, which puts his net worth at about $3.5million.
Hussain has had ties with the US for a long time. First off, he is an alma mater of the Washington State University where he studies economics. After he graduated with honors from the University, he got his first job at GASCO. This is a small branch of ADNOC. When he decided to start his own company he named it Draieh Management Services, Co. What people do not know about Hussain is the fact that this is not the only company that he started in the 90’s. Some of the other companies that he started include the Al Jazeira investment company and DICO investments. Al jazeira is currently worth more than $100 million. He has also invested in the ceramics industry in the UAE.
The many investments that he has made have earned him a position of respect in the UAE business circles. As a result, he is a board member at various prestigious institutions. These include the Majan University College, which is located in Oman. As stated, the fact that he has invested in the same industry as the business man turned politician and now president of the United States, Donald Trump created a close friendship and business relationship between the two men. When he is not working, Hussain spends time with his family or playing a round of golf with his friends.