RIYADH: Global real estate advisor CBRE has opened its second office in Saudi Arabia, situated in Riyadh, marking a significant move in its strategic growth within the Kingdom.
In an official statement, the firm that has been working in Saudi Arabia for over 15 years with a team of over 300 real estate experts across all its group divisions, revealed that the new office is located in Al-Faisaliah Tower.
The company had worked in advising on major real estate projects across the Kingdom, including noteworthy transactions such as Saudi Arabia’s largest standalone hotel deal in Jeddah and involvement in over 30 mega- and giga-projects aligned with Vision 2030.
Managing Director of CBRE Middle East Nicholas Maclean stated: “This strategic milestone is a testament to 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.”
General Manager and Advisory of CBRE Saudi Arabia Pedro Ribeiro added: “I am delighted to welcome our Saudi Arabia team into our new office, designed to encourage collaboration and flexibility. This not only represents a significant business milestone but also our dedication to contributing to the development of the Kingdom and its Vision 2030."
CBRE Group, the world’s largest commercial real estate services and investment firm, boasts a workforce of over 1,300 professionals in the Middle East, operating from nine offices across six countries in the region.
