CBRE inaugurates new and larger office in Riyadh

15 December 2023 Consultancy-me.com 2 min. read
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Global real estate advisor CBRE has inaugurated its new office in Riyadh, Saudi Arabia.

CBRE has been serving clients in Saudi Arabia for over 15 years and currently has over 300 real estate experts based on the ground in the Kingdom. To accommodate for the expansion of its headcount (and in anticipation of further growth), CBRE’s leadership team in the country decided the time was right for a transition to a new and larger office.

Based on the eighth floor of the landmark Al Faisaliah Tower in Riyadh, the new office caters to the needs of the “modern work environment” said CBRE leader Pedro Ribeiro, and has been designed to “encourage collaboration and flexibility” for team members.

CBRE inaugurates new and larger office in Riyadh

L-R: Pedro Ribeiro, Nicholas Maclean, Prince Naif bin Turki bin Abdullah Al Saud, Prince Mohammed bin Turki bin Abdullah Al Saud, Anshuman Magazine.

“This not only represents a significant business milestone but also our dedication to contributing to the development of the Kingdom and its Vision 2030,” Ribeiro continued.

Nicholas Maclean, Managing Director of CBRE in the Middle East, added: “We are proud to open our new Riyadh office, 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.”

Last month, CBRE was named the leading real estate consulting firm by Consultancy Middle East. Notable projects the firm has worked on in Saudi Arabia include the largest standalone hotel transaction in Jeddah and over 30 mega and giga projects as part of Vision 2030.

The US-headquartered company has also supported the valuation of over 700,000 real estate assets in Saudi Arabia since 2021 as part of the Kingdom's transformational change initiatives.

The official inauguration ceremony was attended by a cohort of senior figures from the firm and beyond, including 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).

Meanwhile in Jeddah, CBRE is based in the Al Murjana Tower. The firm has around 1,300 professionals in the Middle East.