JLL announces non-executive board in Saudi Arabia

JLL, a leading professional services firm that specializes in real estate, investment management and development consultancy services, has announced it has appointed a non-executive board of leading business figures in Saudi Arabia.

The newly created board will assist JLL in driving its medium and long-term strategic direction in Saudi, whilst also advising on key business developments for the firm in the Kingdom.

Joining JLL will be Jehad Alkadi, Chief Executive Officer of Arriyadh Development Company in the capacity of a board chairman; Hawazen Nazieh Nassief, Vice President ESG and External Affairs, National Energy Services Reunited Corporation (NESR); Mohammed Al Khars, Chairman of Innovest Properties; and Musaab Al-Muhaidib, Chief Executive Officer of Al Muhaidib Entertainment Ventures.

The new board team members come with diverse experiences and capabilities that will bring strategic benefits to JLL. Prior to his current role, Jehad was a Senior Director at the Public Investment Fund (PIF) where he oversaw the Local Real Estate Asset Management Department. Hawazen has worked in a range of roles with local and international companies, including the likes of Christie’s, Olayan and the Kingdom Holding Company. Mohammed, meanwhile, is a real estate industry leader with experience in management, sales, investments, customer service and banking while Musaab had a long career with Masdar working as the CEO and General Manager for Masdar Technical Supplies and Masdar Building Materials respectively.

“This is an exciting next step for JLL in Saudi Arabia and we are delighted to have the highest caliber of industry-leading professionals join us on our new advisory board,” said Thierry Delvaux, CEO of JLL Middle East and Africa and Turkey. We established our business in Saudi over a decade ago and we have since grown to become one of the Kingdom’s leading consulting firms. Announcing these appointments is a key milestone for JLL in this important market and not only does it add vast knowledge and expertise to our business, it’s a major step in strengthening our Saudi national leadership alongside a well-balanced team of international experts.”

JLL, which has had a presence in Saudi Arabia for the past 12 years through its offices in Riyadh, Jeddah and Al Khobar, has more than 300 employees in the Kingdom. JLL are market leaders in providing development consultancy services in the Kingdom including project management, program management/construction management (PMCM), cost management, strategic consulting for development projects, as well as transaction and valuation advisory.

 JLL was one of the first real estate consultancies to establish itself in Saudi Arabia. It has since supported the Saudi vision and has successfully advised some of the Kingdom’s biggest real estate developments and giga projects such as the King Abdullah Financial District, Prince Mohammed Bin Salman Non Profit City, and other landmark projects by the Diriyah Gate Development Authority.