Company: Emirates REIT
Country of residence: France
Living in Dubai for the past 12 years, Sylvain Vieujot has used his business acumen to stay ahead of all economic eventualities. After arriving in the emirate in 2006, Vieujot quickly recognised that real estate was one of the main drivers of Dubai’s economic growth. So when the 2009 financial crisis hit, the 40-something Frenchman - just like some of the smartest businessmen around the world - saw the potential in a bad situation. It was the ideal time to start Emirates Real Estate Investment Trust. It was one of the first such trusts in the region but now with a total portfolio of $742m, Vieujot is well ahead of his competition.