President Donald J. Trump has come under great criticism for his perceived bias against Muslims. However, one of the President’s best friends is a Muslim and fellow billionaire: Hussain Sajwani. Here is a brief overview of Hussain Sajwani’s rise to success and his relationship with President Donald Trump.
Hussain Sajwani made a living out of the hotel and catering industry before he identified the opportunities in real estate. His main occupation was supplying foods and drinks to U.S. military forces deployed in the Middle East to keep the peace. He also supplied construction sites and other business sites that had large labor forces. Sajwani now concentrates his efforts on his real estate business, but he still retains his catering company likely for sentimental reasons.
Sajwani shifted from catering to real estate in 2002 when he identified the numerous construction opportunities in the UAE. He ventured into the industry with one piece of property that he sold and invested into constructing more property. The undeveloped nature of most regions of the UAE worked to his favor as he could buy large swathes of land at cheap prices.
The UAE has enjoyed incredibly quick growth since 2002 thanks to its decree allowing foreign investors to invest into real estate. This has worked to Hussain Sajwani’s advantage, and the investments that he made in the early 2000s have earned him billions of dollars.
Today, Hussain Sajwani has expanded his real estate investments to other countries in the Middle East as well as Europe and the U.S. through his company DAMAC Properties. His company is especially popular for giving away luxury cars to high-end clients who buy its multi-million dollar residential houses.
A Good Friend of President Donald J. Trump
Hussain Sajwani has come under the spotlight for his friendly relationship with President Donald J. Trump. The two billionaires enjoyed the New Year ceremonies in each other companies, and they identify as close family friends. They have both made their fortune from the real estate industry, and they are currently co-joined in multi-billion dollar investments in the U.S. and Europe. Hussain Sajwani maintains that he will continue doing business with the Trump Organization in spite of the unpopularity of the controversial president.