Damac's Sajwani wants to 'deepen business ties' with Trump Organisation

Damac Properties chairman said in November that he was expecting President-elect’s “strong brand” value to have a positive impact on his property developments
Hussain Sajwanis Damac Properties has commercial ties with the US firm since 2013 when it launched the Trump International Golf Club as part of its $6 billion (AED22 billion) Akoya development in Dubai.
By Staff writer
Mon 02 Jan 2017 09:57 AM

Damac Properties chairman Hussain Sajwani is hoping to “strengthen” his business ties with the Trump Organisation.

Dubai-bourse listed developer has commercial ties with the US firm since 2013 when it launched the Trump International Golf Club as part of its $6 billion (AED22 billion) Akoya development in Dubai.

In a series of tweets in December 2016, President-elect Donald Trump announced he “will make no new business deals during his time in the White House”, but the business interests will be managed by Trump's children, daughter Ivanka and sons Eric and Donald Jr.

While the Trumps and Sajwani “haven’t discussed anything,” NBC News reported Sajwani is open to deepening his relationship with the Trump brand.

“I would love to enhance the relation with the Trump Organisation," Sajwani told the media outlet.

“All his three children are very much involved, and I think under their leadership we will have no issue in expanding and growing and maintaining our business relation. They are very much involved with the details. They're very protective of their brand,” he added.

In November 2016, Sajwani told CNNMoney he was expecting President-elect’s “strong brand” value to have a positive impact on his property developments.

The developer said third quarter net profit declined 11.7 percent to $245.6 million (AED902 million) from $278 million (AED1.02) billion a year earlier.

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