Real estate adviser Savills Middle East has announced the opening of a new office in Jeddah to cater to rising demand in the country for professional property services. This is the second office for the firm in the Kingdom, with the first being located in Riyadh.
The Jeddah office will provide a suite of offerings such as commercial agency services including tenant and landlord representation, building and project consulting, property management, facilities management, strategic consultancy and international residential, serving as an extension to the Riyadh operations. Through both locations, Savills aims to cater to the needs of its varied audience base spread across the breadth of the Kingdom.
I am very excited to take on the new role at Savills in the dynamic market of Saudi Arabia, which is abound with growth opportunities.
Philip Paul, Head of Jeddah Office, Savills
The Jeddah office will be helmed by Philip Paul, a real estate industry veteran with more than 30 years of professional property and management experience in the public and private sectors in the UK and Middle East, largely in Oman. Paul earlier led the Oman operations for Savills Middle East when it was Cluttons, and was instrumental in shaping the business in the sultanate. Paul is a registered valuer and during his expansive career has undertaken valuations for a wide range of property types. He has also built consultancy experience through development appraisals, financial feasibilities, best use and research studies for a range of project types.
“I am very excited to take on the new role at Savills in the dynamic market of Saudi Arabia, which is abound with growth opportunities,” Paul said.
He added: “Increasingly more businesses are setting up here who wish to engage with professional property consultants with regional but also global expertise, and Savills is perfectly positioned to offer this combined advantage. The appetite for growth in Jeddah is evident and is only set to increase with the range of projects underway on the northwestern coast of the Kingdom, and we aim to capture this demand through our well-rounded solutions.”
