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United Arab Emirates businessman Hussain Sajwani, CEO of DAMAC Properties, announced a $20 billion investment in U.S. data centers, citing President-elect Donald Trump’s leadership as a key motivator.

Known as the founder and chairman of DAMAC Properties, Sajwani has played a pivotal role in shaping Dubai's luxury real estate sector. His visionary leadership and business acumen have made him one of the most influential figures in the Middle East's business landscape.

United Arab Emirates businessman Hussain Sajwani, CEO of DAMAC Properties, announced a $20 billion investment in U.S. data centers, citing President-elect Donald Trump’s leadership as a key motivator. The project, set to begin construction in 2025 across eight states, aims to boost U.S. technological infrastructure and align with the growing demand for data centers. Trump praised Sajwani as a "visionary businessman."

Overview

• Name: Hussain Sajwani
• Date of Birth: 1953
• Place of Birth: Dubai, United Arab Emirates (UAE)
• Nationality: Emirati
• Education: Bachelor’s Degree in Industrial Engineering and Economics, University of Washington (USA)
• Occupation: Founder and Chairman of DAMAC Properties
• Net Worth: Estimated at $4.5 billion USD (2025)

Hussain Sajwani rose from humble beginnings in Dubai to become one of the wealthiest individuals in the UAE. He is widely recognized for his contributions to the real estate sector and his partnerships with global luxury brands like Versace, Bugatti, and Trump Organization.

Biography

Early Life and Education

Hussain Sajwani was born in Dubai in 1953 to a conservative and entrepreneurial family. His father owned a small trading shop selling watches, pens, and other goods. From an early age, Sajwani demonstrated a knack for business, often helping his father with the family business.

His academic journey took him to the University of Washington, where he earned a degree in Industrial Engineering and Economics. His time in the United States exposed him to global business practices and fueled his ambition to create something transformative back in the UAE.

Trump praised Sajwani as a "visionary businessman."

Career Beginnings

After graduating, Sajwani started his career in Abu Dhabi Gas Industries in the finance department. However, his entrepreneurial spirit led him to establish a food catering business in 1983. The catering company, which served clients such as the U.S. military and major corporations like Bechtel, was a resounding success and still operates today under the name Global Logistics Services.

Real Estate Career

Founding of DAMAC Properties (2002)

In 2002, following a change in UAE property laws allowing foreigners to own real estate, Hussain Sajwani founded DAMAC Properties. The company quickly rose to prominence, becoming one of the leading developers in the luxury real estate market.

DAMAC has delivered tens of thousands of units across the Middle East, including high-end residential, commercial, and leisure properties. The company is renowned for its collaborations with global brands, such as:

• Versace Home (interior design partnerships)
• Bugatti (luxury villas)
• Trump Organization (golf course developments in Dubai)

Signature Projects

• DAMAC Hills: A master-planned luxury community featuring villas, apartments, and the Trump International Golf Club.
• AYKON City: A mixed-use development on Sheikh Zayed Road, offering a blend of residential, retail, and hotel space.
• Paramount Hotels and Resorts: A series of hospitality projects in partnership with the iconic film studio.

Sajwani’s focus on luxury and exclusivity has made DAMAC synonymous with opulence and innovation in the real estate sector.

Global Expansion

Under Sajwani's leadership, DAMAC has expanded beyond the UAE to countries like Saudi Arabia, Qatar, Jordan, the United Kingdom, and even Canada. His aim is to position DAMAC as a global luxury real estate brand.

Other Business Ventures

1. Catering and Logistics: Sajwani's first business venture in catering continues to operate, serving clients across the Middle East and Africa.
2. Investments: Sajwani has diversified his portfolio through DICO Investments, which focuses on equity markets, hospitality, and manufacturing.
3. Hospitality: DAMAC has ventured into the hospitality sector with luxury hotel and serviced apartment brands.

Net Worth

As of 2025, Hussain Sajwani’s net worth is estimated to be $4.5 billion USD, making him one of the richest individuals in the Middle East.

Sources of Wealth

1. DAMAC Properties: The majority of his wealth comes from his real estate empire. DAMAC is a publicly listed company, further boosting Sajwani's net worth.
2. Catering Business: His Global Logistics Services company generates consistent revenue.
3. Investments: Through DICO Investments, Sajwani holds stakes in financial markets, hotels, and other sectors.
4. Luxury Partnerships: Collaborations with brands like Versace, Bugatti, and Trump have significantly elevated the value of DAMAC’s projects.

Lifestyle

• Residence: Sajwani resides in Dubai and owns several luxury properties globally.
• Philanthropy: He is actively involved in charitable initiatives, including significant contributions to education and housing programs in the UAE and abroad.
• Hobbies: Sajwani enjoys golf and is known for his connections with prominent global figures like former U.S. President Donald Trump.

President-elect Donald Trump announced a $20 billion investment in U.S. data centers by United Arab Emirates businessman Hussain Sajwani, CEO of DAMAC Properties.

FAQs About Hussain Sajwani

1. Who is Hussain Sajwani?

Hussain Sajwani is an Emirati billionaire and the founder of DAMAC Properties, one of the largest luxury real estate developers in the Middle East.

2. How did Hussain Sajwani start his career?

Sajwani began his career in the finance department of Abu Dhabi Gas Industries before venturing into the catering business in 1983.

3. What is Hussain Sajwani’s net worth?

As of 2025, his estimated net worth is $4.5 billion USD.

4. What are DAMAC Properties' notable projects?

DAMAC is known for luxury developments like DAMAC Hills, AYKON City, and partnerships with global brands such as Trump Organization and Versace.

5. Where did Hussain Sajwani study?

He earned a Bachelor’s degree in Industrial Engineering and Economics from the University of Washington in the United States.

6. Is Hussain Sajwani involved in philanthropy?

Yes, Sajwani is involved in charitable efforts, including education and housing programs for underprivileged communities.

7. What is his connection to Donald Trump?

Hussain Sajwani partnered with the Trump Organization to develop luxury golf courses in Dubai, including the Trump International Golf Club.

8. What other businesses does Hussain Sajwani own?

Apart from DAMAC Properties, Sajwani owns a catering business, Global Logistics Services, and has investments through DICO Investments.

9. How has DAMAC expanded globally?

DAMAC has expanded to countries like Saudi Arabia, the UK, and Canada, with a focus on luxury real estate.

10. What makes DAMAC Properties unique?

DAMAC is known for its focus on high-end luxury developments, unique branding partnerships, and innovative architectural designs.

Hussain Sajwani’s story is one of ambition, vision, and entrepreneurial success. From humble beginnings in Dubai to creating a billion-dollar real estate empire, his journey exemplifies the transformative power of dedication and innovation. As the driving force behind DAMAC Properties, Sajwani continues to redefine luxury living in the Middle East and beyond.