Director Development - Commercial Office - SPA 229

Qiddiya | القدية


Date: 1 day ago
City: Riyadh
Contract type: Full time
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

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