Roberto Santiago is a Brazillian businessman who has thrived as an entrepreneur focusing on the mall industry. Mr, Santiago was born in 1959 and attended Pio X-Marist College, and later went on to study at the University Center of Joao Pessoa. While at the University Center of Joao Pessoa, he earned his degree in the Business Administration field. He began his career writing and started a blog. Mr. Santiago wrote about his home country and he also owns another shopping mall called the Mangabeira Shopping Mall. Read more on Mundo Do Marketing
Robert Santiago founded and owns one of the biggest malls in the country, the Roberto Santiago Manaira Shopping Mall. This mall attracts people from all over the country and is located in the State of Paraiba. Roberto Santiago Manaira Shopping Mall opened its doors to the public for the first time in 1989. The mall is so large it is said to be a small city with everything you could possibly need. It boasts 11 state-of-the-art movie cinemas, a concert hall that can seat 4,000 people and handle 10,000 people when they’re standing, bowling alleys, gardens, gourmet food courts, and it also home to a college and banks. There is also an air-conditioned hall on the roof of the mall. It is mostly used for concerts and can hold 8,000 people comfortably. Since it has opened, it has undergone five renovations to expand. It also boasts a 1,800-meter section that is exclusively for the Amusement Park, a space with over 200 different game consoles and a fully digital bowling alley.
Roberto Santiago is a well-known philanthropist who is known for giving back to the community. He was aiming to provide cultural experiences and he delivered in a big way with his Mall. It is focused on giving the customer the best experience of their lives and revolves around making the customer feel comfortable and happy to keep them coming back time and again. Roberto Santiago has proven he is a force to be reckoned with in the real estate world and will continue to be for many years to come. He found his niche in the world and is very successful in his endeavors. It will be exciting to see what is to come in the future for Mr. Santiago.
Hussain Sajwani is well known for his glitzy apartment properties where everything is high end and highly promoted. The UAE real estate mogul is at the top of his game and gradually expanding his empire.
Sajwani began his business career as a food vendor and caterer for the US Army during the first Iraq war and then successively during the conflicts that followed.
As the DAMAC owner, the company that he started in the beginning, Sajwani started in the food service business. Damac catered and provided food for the US Army during the Desert Storm wars as well, as well as in Somalia, Bosnia, and other Gulf areas. Learn more about Hussain Sajwani Family: http://www.forbes.com/sites/kerryadolan/2016/03/01/the-donald-of-dubai-hussain-sajwani-interview/#1b049a722f15
As Sajwani puts it, with the food business a person can make millions, but with real estate in the Middle East you can make billions. And billions he has made as his real estate empire continues to grow. Amazed by some competitors who have leveraged properties in the 80 percent range he doesn’t see how many will be able to survive at those levels if the economy should sink into a slowdown.
Hussein Sajwani operates his business along the lines of three major principles. First of all, he carries no debt on land. He pays for 100 percent of the land in cash up front. That way there is never a question as to the validity of his properties. Secondly, all of the escrow accounts are independent Thirdly, cash reserves are maintained in fixed accounts or government bonds so they are safe, and so that there is a lot of liquidity.
Sajwani has a bad taste in his mouth by all of the speculation that has taken place in the region. When prices are going up it is the thing to do for many to borrow and get properties easily, but when prices plummet there is suddenly a lack of income to pay the leverage, and it can happen very fast.
With the cash reserves that Sajwani keeps, he will not be hurt in either type of situation, whether the market goes up or down. These lessons are shared with the entire Hussain Sajwani family as he prepares them all for future management positions.