Global real estate advisor CBRE has inaugurated its new office in Riyadh, as part of its continued strategic development in the Kingdom of Saudi Arabia.
The new office opening follows a year of continued growth in Saudi Arabia. CBRE has been serving clients in Saudi Arabia for over 15 years and has now over 300 real estate experts based on the ground across all its group divisions.
According to the statement, CBRE has 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 has also worked on CBRE’s 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.
Mr. Nicholas Maclean, Managing Director of CBRE Middle East, said that, “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.”
“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,” commented Mr. Pedro Ribeiro, General Manager – Advisory of CBRE Saudi Arabia.
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