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JLL Establishes Regional Headquarters at KAFD Riyadh to Advise on Saudi Giga Projects

The international Real Estate Consultancy Firm JLL has established its regional headquarters in Riyadh’s King Abdullah Financial District (KAFD). JLL aims to elevate the standards of real estate in the kingdom, focusing on technology and sustainability.

JLL has 450 employees in Saudi and has already advised on several large Giga projects, including KAFD, Prince Mohammed Bin Salman Non-Profit City, and Diriyah.

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Transforming Urban Living

Image Credit KAFD

In the heart of Riyadh’s Saudi capital, KAFD is a sprawling urban landscape spanning 1.6 million square meters. 

The district is home to 95 edifices, each designed by 25 leading architectural firms from around the globe. KAFD boasts state-of-the-art office spaces, world-class facilities, and iconic luxury residences, transforming urban communities’ lives, work, and play.

Just a brisk 22-kilometer drive from King Khalid Airport, KAFD is owned and managed by the King Abdullah Financial District Development and Management Company (KAFD DMC).

The Announcement

The announcement of JLL’s regional headquarters’ establishment at KAFD was made on the second day of the Future Investment Initiative. 

Several dignitaries, including Gautam Shashittal, CEO of King Abdullah Financial District (KAFD), graced the event. James Allan, CEO of JLL Middle East and Africa; Saud Al Sulaimani, Country Head, KSA at JLL; and Christian Ulbrich, JLL’s President and Global CEO.

The global move to KAFD, the largest LEED for Neighbourhood Development (LEED-ND) Stage 2 platinum-certified project, brings JLL closer to fulfilling its sustainability objectives. It also aligns with the Kingdom’s vision to decarbonize its built environment.

A Benchmark in Sustainability

Image Credit KAFD

Scheduled for completion in early 2025, KAFD is setting a new industry benchmark as the world’s largest certified and sustainable urban quarter.

In his address, Christian Ulbrich, JLL’s President and Global CEO, stated: “Saudi Arabia plays a vital role in accelerating JLL’s long-term and continued growth in the region. In close collaboration with stakeholders in the Kingdom, we aim to elevate the standards of real estate services here and beyond.”

Welcoming Remarks

Image Credit KAFD

Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), expressed his excitement about welcoming JLL to KAFD’s vibrant community. 

According to him, JLL’s role in revitalizing this iconic project has been instrumental in attracting leading industry titans to expand their regional operations in KAFD.

A Significant Milestone for JLL

As one of the earliest real estate consultancies to establish itself in Saudi Arabia, launching a regional HQ marks an important milestone in JLL’s expansion and growth strategy. It also solidifies its position as a market leader in real estate, emphasizing technology and sustainability.

Having offices in Riyadh, Jeddah, and Al Khobar, this move will enable JLL to leverage opportunities from multi-billion-dollar Giga projects, contributing to the Kingdom’s strategic goals and delivering sustained outcomes for all stakeholders.

JLL’s Commitment to Local Talent

Image Credit KAFD

Currently, JLL has more than 450 employees in the Kingdom and plans to continue investing in developing local talent. 

JLL has effectively guided major real estate initiatives and Giga projects in alignment with the Saudi vision. These include notable developments such as the King Abdullah Financial District (KAFD), Prince Mohammed Bin Salman Non-Profit City, and other significant projects in Diriyah.

Setting the Tone

JLL’s establishment of its regional headquarters in KAFD exemplifies the company’s commitment to the Saudi Arabian market, its sustainability goals, and its role in driving economic growth in the region. 

This move enhances JLL’s presence in Saudi Arabia and sets the tone for future developments in the Kingdom’s real estate sector.

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