In 1953 he founded Constructora Sambil, and became a real estate businessman. His first major project was the Lido shopping mall located in
El Rosal, Caracas; with a mix of offices and hotel rooms, it gave birth to the
Lidotel chain. In 1998 it expanded into a growing developing business, the building and administration of shopping malls, opening the
Centro Sambil located in
Chacao. Later on more Shopping malls openings followed in other cities in
Venezuela,
Curaçao and the
Dominican Republic. In 2012, his company purchased the Spanish shopping mall
Avenida M-40, which closed in 2010 due to the
2008 financial crisis. Sambil was renovating it and planned to re-open it as an
outlet center in the summer of 2015. It will be renamed Sambil Outlet Madrid. After his death on June 24, 2018, all Sambil shopping malls in the country closed their doors for three days as a sign of mourning. == See also ==