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Director Development - Commercial Office - SPA155

Qiddiya | القديةRiyadh, Riyadh Region, Saudi Arabia

30+ days ago

Job description

Director Development - Commercial Office - SPA 229

Qiddiya Investment Company is looking for a highly skilled and strategic Director of Development - Commercial Office to lead the development of modern and innovative commercial office spaces within our transformative urban landscape. This role is pivotal in our vision to create a vibrant business ecosystem that attracts local and international businesses, contributing to Qiddiya's status as a premier destination in Saudi Arabia.

Key Responsibilities

Responsible for overseeing the development and execution of assigned commercial office assets within allocated districts / precincts at Qiddiya
Lead commercial office assets through their development gateways and ensure the competed asset represents regional and global best practice
Ensure each assigned office asset has an identified tenant customer(s) and a value which is aligned with the Qiddiya Purpose
Responsible for protecting the value of Qiddiya's Office investment for assigned assets, maximizing returns (financial and non-financial), and managing relationships with key internal and external stakeholders
Create value and alignment with the Qiddiya Purpose / DNA and the respective asset demand drivers / associated IP's
Assist to assemble, lead, and manage a team of professionals involved in the development lifecycle including delivery partners, architects, engineers, project managers, and other specialist consultants
In conjunction with the DFA team, manage the preparation of financial feasibility studies underpinned by qualitative market research and benchmarking
Develop comprehensive strategies for office development, considering factors such as market demands, market competition, regulatory frameworks, the financial feasibility and overall business plans of Qiddiya
Oversee the entire development process within approved KPIs from initial concept and architectural planning to construction, FF&E procurement and pre-opening preparations until handover to the appointed Asset Management and Property Management teams
Oversee the close out of all defects
Develop and manage project budgets, ensuring cost-effective development and adherence to financial targets
Ensure compliance with City frameworks, local regulations, building codes, and industry standards
Familiarity with building codes, permits, and other regulatory requirements is essential
Identify and manage project development risks and challenges through robust mitigation strategies
Analyse and interpret data from third party consultants to ensure alignment with industry standards and identify discrepancies
Prepare regular reports and presentations for key stakeholders, senior management, and the Board, providing updates on project progress, financial performance, and market trends
Work closely with Qiddiya's delivery teams for the development and construction of the assigned office assets

Requirements

Bachelor's degree in construction or project management, Business Administration, Real Estate Development, or a related field. Advanced degree (MBA, Master's) preferred

10 years+ proven experience in end-to-end office development, with a track record of successful project delivery

Strong understanding of the commercial office sector, including market trends, customer preferences, and operational requirements

Excellent analytical, financial, and negotiation skills, with the ability to assess opportunities and make data-driven decisions

A deep understanding of financial modelling, budgeting, forecasting, and securing financing

Familiarity with building codes, permits, and other regulatory requirements

Familiar with value engineering techniques to help optimize costs without compromising on quality, efficiency, or functionality in design and construction phases

Strong leadership and team management skills, with the ability to motivate and inspire a diverse team of professionals

Excellent communication and interpersonal skills, with the ability to build relationships and negotiate effectively with internal and external stakeholders

Fluency in English is required, proficiency in Arabic is a plus

Willingness and ability to travel is required

Benefits

The opportunity to be part of one of Saudi Arabia's most ambitious city developments

A role dedicated to a specific residential asset type, allowing you to build deep expertise in your area

A fast-paced, high-impact environment where strategic thinking and execution excellence are highly valued

Collaboration with global industry leaders in real estate development, architecture, and planning

Seniority level

Director

Employment type

Full-time

Job function

Management

Industries

IT Services and IT Consulting

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