Knight Frank, UK-based international property consultancy, has revealed its plans to expand its impressive real estate consultancy expertise in the Kingdom of Saudi Arabia with the addition of its new premium retail advisory client offering.
Saudi Arabia-based retail consultancy team of Knight Frank will consult and guide both landlords and organizations on the full scope of their retail projects, from conception and leasing strategy to rent the retail development, pre-opening services, management and refurbishment.
Further, the team will advise global and regional brands who are setting up retail operations in the Middle East region for the first time, by providing needed guidance on key aspects like location selection and contract negotiation.
The retail advisory team will be spearheaded by Mr. Pedro Ribeiro, who will implement and lead the retail consultancy services client offering in Saudi Arabia. Mr. Pedro has 27 years of extensive experience working in retail, real estate and asset management multinational institutions across the Middle East, Europe and North Africa delivering world-class Mall & Mixed-Use Developments worth billions of dollars.
Commenting on the new role, Mr. Pedro Ribeiro, Partner, Head of Retail Advisory KSA at Knight Frank said, “Our retail advisory expertise bridges a consultancy gap in the market at present and I believe my KSA market knowledge will greatly assist new global brands looking to set up their retail operations in the region.”
The expansion of Knight Frank in Saudi Arabia comes amid the gradual recovery of the country’s economy from the impact of the COVID-19 pandemic which is accelerated by the efforts of the government under the ambitious Vision 2030.
Mr. James Lewis, Managing Director of Knight Frank Middle East & Africa said, “The retail sector is undergoing considerable structural change which requires insightful navigation. Pedro’s experience in Europe and the Middle East will be invaluable to occupiers, developers and investors in the Kingdom as they capitalize on the market opportunity.”
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