Hussain Sajwani is an Arabian real estate investor and hedge fund manager who has had some of the world’s most exotic hotels and resort homes built. He’s the founder and Chairman of DAMAC Properties based in Dubai, UAE and he’s formed some major partnerships throughout his career including with current US President Donald Trump. But what he still values highly is how his business roots got started in catering food across the world. While his catering business was just a step towards what he’s doing now, Sajwani has considered it an honor to serve some of clients he has in that business including the US Military during Desert Storm in the Gulf War. He even has a commemorative plaque that he keeps in his headquarters and even still has catering services among his other property functions that he says are highly important to delivering first class experience.
Before becoming the DAMAC owner, Hussain Sajwani worked for a major oil drilling and refinery company in Abu Dhabi known as ADNOC where he served as their contracts manager. He completed his bachelor’s degree at the University of Washington and setup his catering business during this time. Sajwani became interested in real estate because both residential and commercial properties in the UAE were booming in the early 1990s, and he saw an opportunity to expand on the success of his catering services. He formally established DAMAC in 2002 though he had acquired Anwar Ceramic Tiles and started DICO Investments several years earlier. The first world class hotel property completion was Marina Terrace, and this was later followed by Versace-designed DAMAC Tower.
Hussain Sajwani first met Donald Trump around the time he broke into real estate, but the first big joint investment between the two men was the resort at the Tiger Woods golf course in 2011. Five years later not long after Trump had announced his bid for the US presidency, Sajwani helped complete the Trump World Golf Club. Sajwani considers himself to be a real close friend of the president and his family, and he’s visited him both at Trump Tower and Mar a Lago. He hopes that even though Trump is now focused in being America’s Commander-in-Chief, that his sons Eric and Donald Jr. will continue working on new deals between their organization and DAMAC.
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Even though he runs one of the biggest companies in the American oil and gas industry most people don’t have any idea who Tony Petrello is. This is because he’s humble and doesn’t seek the limelight like some of his contemporaries do. He is the chief executive officer of Nabors Industries, Ltd, a firm operationally based in Houston, Texas. His company is part of the S&P 500 and earned $2.564 billion in 2017 with $503 million of that as profit.
Tony Petrello is also a big philanthropist. A recent example of this took place after Hurricane Harvey went through the Houston area, flooding and damaging many homes. Many people lost everything and had no access to basics like clean water, food, and clothing. After the coast was clear Tony Petrello let everyone at Nabors Industries know they could help out their fellow citizens instead of going in to work and they would be paid for it. As a consequence employees of the company fanned out across the greater Houston area getting basics to people in need.
The employees of Nabor Industries also raised almost $175,000 to help those in need, named the Nabors Disaster Relief Fund. Out of his own pocket Tony Petrello matched the funds and the money was used to help people recover. He also had the kitchen facilities in his company’s headquarters open up for area residents so that they could get hot food three times a day.
In 1997, Tony’s and his wife, Cynthia, had a baby daughter. She was very premature and as a result she wasn’t able to get enough oxygen to her brain. She had a series of operations but ended up with cerebral palsy. Due to this everyday things like eating are a challenge for her to master. By going through this experience they realized that little was being done in the way of research to help children like their daughter, Carena.
Tony and Cynthia decided to agents of change in regards to childhood neurological conditions. They gave $7 million to Texas Children’s Hospitals research team. He also went out on lunches with business associates on a regular basis to get more money raised to support this type of research. As a consequence Texas Children’s Hospital has become a focal point of childhood neurological diseases research into both the causes of these as well as how to help those who live with it.
Tony is graduate of Yale University with degree in Mathematics and Harvard University with degree in Law. He worked for so many years as attorney and managing partner in a firm in US. He is the current CEO of Nabors Industries.
Visit nabors.com for more details about Tony Petrello.