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After the introduction of Vision2030, a series of mega and giga real estate projects as well as numerous large-scale community development initiatives were announced in the Kingdom of Saudi Arabia as part of the ongoing transformation efforts.
The main reason for this endeavour was to enhance and simplify the real estate offerings throughout the entire Kingdom, rather than just in the commercial centres of Jeddah and Riyadh. This meant developing across brownfield and greenfield areas through both regenerative methods and ground-breaking initiatives, not just with regards to civil infrastructure but creating communities, tourism, and entertainment hubs with residential, commercial, hospitality and retails assets to elevate the region's economic and historic importance.
Being a fairly recent initiative and considering the ambitious vision of the Kingdom, the scale, value and dynamics of these projects are unmatched and unprecedented by any other projects globally and require subject matter experts that have led large new developments or regenerative schemes from inception through to completion. The task of master planning in either a completely new or an established urban setting may seem intimidating, but it is, nonetheless, an opportunity to incorporate best practices right from the start. Identifying true real estate development leaders with a proven track record in skilfully determining the feasibility and constructability of mixed-use schemes, orchestrating the concept and detailed designs for an all-encompassing masterplan is crucial in ensuring the long-term viability of such projects.
As seen in the market, after proving themselves in successfully running the most important aspect in a real estate business across P&L, budget, forecasting, programme management and delivery of a concrete masterplan, a CDO / Head of Development can look at moving into a Chief Strategy Officer or Chief Operations Officer or ultimately the CEO of the business in the long run.
Competitive tax-free salary packages with attractive benefits such as bonus, schooling, medical insurance, and annual tickets. Some clients also provide vacation allowances, lifestyle allowances and per diems for business travel.
Are you looking for a new professional opportunity in Real Estate Development? Look at our current vacancies in Saudi Arabia.
Our specialized Property and Construction consultants advise and support you in your job search. Submit your CV today or get in touch with us here.
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Michael Page International (UAE) Limited, Registration No. 0207 a DIFC registered company. Al Fattan Currency House Tower -1. Dubai International Financial Centre (DIFC)., Office No. 202, Dubai,