Hussain Sajwani is a well-known real estate developer in the Gulf Region who is the founder and chief executive officer of DAMAC Properties. DAMAC Properties is part of the DAMAC Group which was first established in 1992. Hussain Sajwani founded DAMAC Properties in 2001 after being in the catering business from 1982. According to rankings on the Forbes list, DAMAC owner is the 5th richest Arab in Dubai. Hussain Sajwani is interested in expanding his real estate firm to China and has a good relationship with the US President Donald Trump. DAMAC Properties became the first company in the Gulf Region to be listed on the London Stock Exchange. The company is involved in a lot of residential, mixed projects and commercial properties.
During an interview with CNBC, DAMAC owner explained how Dubai benefits from regional turmoil in the Gulf Region. Many other people are deeply worried about the regional turmoil in neighboring states of Dubai, but Hussain Sajwani is not worried about any of this. According to Sajwani, regional turmoil helps Dubai in forming friendly relations with their neighbors and increasing trading activities in the country thus improving the economic conditions. DAMAC owner states that the country has always benefited from the turmoil. An exceptional example he gave was when Iraq and Iran were in the war, and the trade between Dubai and Iran increased. This happened eight years ago and only proves that the regional turmoil builds stronger relationships for Dubai.
Hussain Sajwani (@hussainsajwani) also cited the fall of Somalia that Dubai benefited from. When Somalia collapsed, most of the economic activity that happened in Somalia migrated to Dubai. This migration was prompted by the economic prowess of Dubai as well as its favorable location. Dubai is one of the safest countries in the world, and due to its safety and high security, the trade from Somalia moved to it as well.
Dubai is one of the most advanced cities in the world and is a great asset to the Middle East. Dubai is a great investment and financial hub and with time will be the world leading investment hub.
Jose Auriemo Neto CEO of JHSF
Jose Auriemo Neto chairs his father’s organization which deals with real estate business. He held the Chief Executive Officer position in JHST Company from 2003.He studied in Fundacao Armando Alvares Penteado (FAAP) University which is in Sao Paulo where he pursued a partial engineering course. He also pursued business administration in FASE. He was the administrator of retail portfolio and various shopping centers which include Cidade Jardim in sao Paulo, the Ponta Negra in Manaus, Metro Tucuruvi and the Bela Vista in Salvador.
In 1993, Auriemo Neto started working for JHSF and he led the organization in obtaining rights to open the Shopping Santa Cruz in 1998. Jose is also known to have opened B store between 2006 and 2007. In 1997, Neto developed the parking lot management company Parkbem. In March 26, 2009, he was given the role of Member of Board of Executive Officers. Auriemo Neto has held an executive officer position in YPO for two time periods; 2003 to 2004 and 2004 to 2005.
JHSF has been ranked among the top real estate firms in Brazil. It was developed as a construction firm in 1972 by Fabio and Jose Roberto. In 2001, the company was growing at a high rate and had been entrusted to handle huge projects. Jose Auriemo Neto began leading the firm when he was 27 years old. In 2007, JHSF Company started to publicize the sale of its shares on Novo Mercado of BMF & Bovespa. This move helped the company raise more funds enabling it to have a say in Fasano Group Hotels. Through diversified developmental projects, Horto Bela Vista Complex, fezanda Boa Vista and Catarina Fashion Outlet were established. To know more about the company click here.
Neto lead the firm into partnerships with Pucci, Hermes and Jimmy Choo in 2009. In 2012, JHSF entered into a partnership with Valentino where they opened Valentino and Red Valentino shops in Brazil. The first quarter net revenue of the firm shows an increase of 2.3 percent year after year and a 16.1 percent growth in gross profit. The main objective of JHST is to ensure growth in residential and commercial assets.