Money talks: Dubai's Damac welcomes closer ties with Trump Organization

Published January 3rd, 2017 - 08:00 GMT
Sajwani had previously indicated he was glad he stuck with the company’s partnership with Trump despite the businessman’s anti-Muslim comments during the presidential campaign. (Twitter)
Sajwani had previously indicated he was glad he stuck with the company’s partnership with Trump despite the businessman’s anti-Muslim comments during the presidential campaign. (Twitter)

Dubai real estate developer Damac is eyeing closer ties with the Trump Organization following Donald Trump’s successful presidential campaign.

In an interview with NBC News, Damac chairman Hussain Sajwani said he was interested in expanding business ties between the two firms, which include a partnership for an 18-hole championship golf course at the $6bn Akoya development.

“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,” Sajwani was quoted as saying.

The billionaire also highlighted close ties between his wife and Trump’s daughter Ivanka suggesting the two were “good friends”.

“They send emails. She’s been here to my house. We’ve been in New York having lunch and dinners with them regularly. And, you know, you enjoy working with somebody — it’s not only cold business relation.”

Sajwani had previously indicated he was glad he stuck with the company’s partnership with Trump despite the businessman’s anti-Muslim comments during the presidential campaign.

In November he said the relationship could even have a positive impact on sales.

Trump has been seeking to distance himself from his business interests in the build-up to his January 20 inauguration, with reports last month suggesting he had shut down four Saudi-linked companies.

The management of the business that bears his name is now expected to fall to his children.


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