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written by Netanya Net
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A delegation from the Israeli real estate group Itzik Tshuva, owned by Delek’s nephew, arrived in Dubai this week to examine cooperation with businessman Hussein Sajwani, who is close to outgoing US President Donald Trump
Victor Habib and Hussein Sajwani Photo: Chen Saadon
A delegation led by the group’s CEO, Victor Habib, left for Dubai this week to explore options for collaborations and joint projects between the Itzik Tshuva real estate group, led by Itzik Tshuva (Yitzhak Tshuva’s nephew from Delek), and businessmen from the UAE.
According to sources close to the delegation, Victor Habib and the Israeli delegation met with two eminent sheikhs and businessmen, including an associate of the outgoing US President, Donald Trump – the multi-billionaire, Hussein Sajwani – founder and chairman of one of the largest property development companies in the Emirates. , As well as the private investment company he owns – Dicko Group.
Damac Properties was rated in 2017 by Forbes International magazine as one of the 2,000 fastest growing companies in the world, and investment group Dicko Group is identified as the one who signed an agreement with Italian fashion giant Roberto Cavalli, according to which the super designer will design all the hotels in the Icon chain. , Owned by Sajuani, Dubai and other principalities. Sajoani is ranked by leading Gulf magazines as one of the 100 most influential Arab businessmen in the world and one of the 100 most powerful among them. According to Forbes, his personal fortune is estimated at over $ 2 billion.
If the contacts between the parties mature into a deal, the Itzik Group is expected to respond to significant economic strengthening, which will enable it to move faster, even overseas.