For decades, JHSF had been a giant in the residential real estate world in Brazil. However, this has changed in the last decade as it became increasingly focused on the luxury retail real estate market. The man behind much of this has been José Auriemo Neto, who now serves as Chief Executive Officer and Chairman of the company. That doesn’t mean that Neto’s plans were first met with fanfare within the company, however; in the early stages, it was met with a significant amount of skepticism. This changed in 2009 when the company built the Cidade Jardim shopping complex in the heart of São Paulo.
The center quickly became a hotbed of retail activity, thanks in large part to some partnerships that José Auriemo Neto was able to strike. Prominent among these were the likes of Jimmy Choo, Pucci and Hermès, who each launched their first stores in the country because of the relationships. Because of this, JHSF began to put an increasing amount of resources into the luxury retail side of their business. As such, it soon began to generate the majority of JHSF’s revenues. Since the initial development in 2009, the company has developed a considerable amount of shopping complexes across the country. The most notable of these include two in Salvador, the Bela Vista and the Metrô Tucuruvi, and the Ponta Negra in Manaus.
Throughout this time, JHSF has been involved in quite a considerable amount of areas across the country. Within the fashion world in Brazil, though, it’s not just known for the physical complexes that it’s built. It’s also been one of the key drivers in bringing a variety of international fashion brands to Brazil. On top of the likes of Pucci, there are a few other notable partnerships that José Auriemo Neto helped forge. One of the most prominent of these has been with luxury retailer Valentino. Since the partnership began in 2012, the retailer has established stores in a number of locations across Brazil, with the majority of these being in JSHF-owned complexes. Throughout this time, JHSF has been increasingly seen as one of the more innovative leaders in the niche.
Hussain Sajwani serves at the DAMAC Properties where he is the founder and chairman of the company. He is an alumnus of the University of Washington where he graduated with a degree in Industrial Engineering and Economics during the early 1980s. Mr. Sajwani started his career in 1981 where he worked at the Abu Dhabi Gas Industries in the finance department. He was the company’s contracts manager and worked for two years before starting his own business in the catering venture. After working in the catering industry for a while, Mr. Sajwani saw an opportunity in the property sector where he decided to expand his cope and ventured into the business.
Mr. Sajwani’s venture into the properties sector was during the period that was marked by rapid developments of the Dubai market in the 90’s. For this reason, Hussain Sajwani worked towards developing several hotels as business was booming due to the people who were coming to do business in the city. He would later in 2002, find the DAMAC Properties that has now grown to be among the largest real estate firm in the Middle East. Also, one of the factors that led to the company’s success was Mr. Sajwani’s commitment to the business by using key elements of growth such as marketing, finance, and sales among others.
About Hussain Sajwani’s Business Operations at DAMAC
The Damac properties has been at the forefront of developing luxurious buildings in key cities such as Doha, Dubai, Beirut, Abu Dhabi, and London among many others. The company has delivered many properties including the commercial and residential buildings besides developing the high-end golf course project for Donald Trump. DAMAC Properties was responsible for creating “The Trump International Course Dubai” as Mr. Sajwani is one of Donald Trump’s business partners in Dubai. Again, this was made known during president trump’s swearing-in speech as obtained from one the world known media stations “CNN”.
Moreover, the DAMAC Properties is based in Dubai and has around 2000 employees where the company trades stocks in the Dubai Financial Market. In its portfolio, the real estate firm has already completed over 44,000 units including more than 21,700 houses. Equally important, Hussain Sajwani is a philanthropic individual and recently showed compassion through his company after donating a cheque of AED two million to buy clothes for children from needy families. Besides, Hussain Sajwani’s company participated in this course dubbed as the “Ramadan Initiative” to support UAE’S prime minister and vice president project in helping over 50,000 children from poor backgrounds.
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