CBRE opens new office in Riyadh
The group has over 1,300 professionals operating across the Middle East
As part of its continued development in Saudi Arabia, real estate advisor CBRE has announced that it has opened a new office in Riyadh. The offer is in the Al Faisaliah Tower and is said to follow a year of continued growth in the Kingdom.
Earlier in the year, the firm also made a number of senior appointments, including Elias Bou Habib as Head of Consulting – Saudi Arabia, Jena Ladhani as Country Managing Director – Saudi Arabia for CBRE Global Workplace Solutions and Pedro Ribeiro as General Manager – Saudi Arabia for CBRE Advisory.
The firm is said to have been serving clients in Saudi Arabia for over 15 years, and now has over 300 real estate experts based on the ground across all its group divisions. The firm said it had recently advised on some of the biggest real estate projects across the Kingdom, including Saudi Arabia’s largest standalone hotel transaction in Jeddah, and over 30 mega and giga projects as part of Vision 2030. It also worked on its largest ever valuation project, valuing over 700,000 real estate assets in Saudi Arabia since 2021, as part of the Kingdom’s transformational change initiatives.
“I am proud to open our new Riyadh office today, at a time of unprecedented development in Saudi Arabia. This strategic milestone is a testament of our ongoing growth in the Kingdom and underscores our commitment to foster local partnerships, drive innovation and help our clients realize their potential in Saudi Arabia’s dynamic business landscape,” said Nicholas Maclean, Managing Director of CBRE Middle East.
The opening ceremony for the new office was attended by Prince Mohammed bin Turki bin Abdullah Al Saud, CBRE Saudi Arabia & Dar Al Riyadh Board Member, Prince Naif bin Turki bin Abdullah Al Saud, CBRE Saudi Arabia & Dar Al Riyadh Board Member, and Anshuman Magazine, Chairman and CEO of CBRE in India, Southeast Asia, Middle East & Africa among other senior guests.
Pedro Ribeiro, General Manager – Advisory of CBRE Saudi Arabia added, “I am delighted to welcome our Saudi Arabia team into our new office, designed to encourage collaboration and flexibility. It is a great example of the modern work environment that supports how people work today. This not only represents a significant business milestone but also our dedication to contributing to the development of the Kingdom and its Vision 2030.”
