President Donald Trump has business interests in various areas. During his presidential campaigns, there were concerns about his objectivity in making economic reforms. He celebrated his victory in one of his resorts where various dignitaries were present. He recognized his business associates from various parts of the world. He mentioned Hussain Sajwani in his speech. Hussain Sajwani is the pioneer of DAMAC Properties. The firm was contracted by President Trump to build a modern golf course. It is a market leader in property developments in Dubai. Other than the construction industry, DAMAC Properties has also invested in the food business. He has focused on expanding the organization. As a result, he has plans to make the firm public. He has held deliberations with relevant players in the financial markets to ensure that the Initial Public Offering becomes successful.
Damac Properties was founded in 2002 as per Arabi21.com. The firm engaged in vigorous marketing practices during its first years of business, and this enabled it to create a competitive advantage over the competitors in the industry. In 2008, there was an economic change where organizations lost a lot of their investments. Hussain Sajwani responded by cutting costs and preserving cash. Such business practices have enabled DAMAC Properties to be profitable and competitive even during unfavorable economic conditions. He believes that some companies have failed due to their greed and urges them to be cautious in their decision making. He acknowledges that making speculations is unavoidable in business. One of the most transformative strategies that DAMAC Properties has employed is full payment of land that it acquires for use.
Hussain Sajwani believes in diversifying investments. DAMAC invests in government securities and maintains good levels of cash reserves to enable it to meet its obligations when they fall due. He has plans to expand his construction business to other parts of the world. He is concerned about investing in some countries such as Syria due to the unstable economic and political climate. Hussain Sajwani’s son studies in the United States. He hopes that when he grows up, he will take control of the business. He has plans to transform DAMAC Properties to have a modern corporate structure. Hussain Sajwani on Instagram.
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