Hussain Sajwani Continues To Persevere

International free trade may be on the decline this year but that hasn’t stopped Hussain Sajwani, the DAMAC owner, from moving forward with his business plans and ideas. The 66-year-old DAMAC owner and entrepreneurial businessman recently sat down for a chat with the Gazette to discuss his future business plans and his relationship with the United States. In a recent statement, he noted that he has been in the business industry for over 38 years and has learned to focus his attention on the positive aspects rather than the negative. Hussain Sajwani continued by mentioning that the company is planning to move forward with its goal of building luxurious residences and office buildings in various cities across Europe.

This comes on the heels of the DAMAC owner recently signing a business deal with the Trump organization but, despite these business ties, Hussain Sajwani does not view it as a conflict of interest, insisting that he stays out of politics and is only interested in establishing new high-rise properties and golf courses. Currently, the goal of DAMAC is to expand into London despite the economic uncertainty regarding the Brexit controversy. In a recent statement, he noted that they are very much interested in expanding their business in London so long as it’s a worthwhile endeavor and he mentioned that they are in it for the long haul.

This year, DAMAC properties reported a substantial drop in their quarterly revenues with an estimated 33% decrease from last year but he nevertheless remains optimistic about the future of the company. In a recent statement, he noted his belief that the economy is cyclical and will recover much like what we saw in the aftermath of the 2008 recession. On his personal blog, he was quick to point out the fact that the economics market has been consistently expanding since 2002 and he believes it will continue to do so in the coming years. Currently, DAMAC has plans to develop a golf course in Dubai which will be built in partnership with the Trump organization and is intended to be one of the best.

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