Director Development - Commercial Office - SPA 229

Qiddiya Investment Company; Riyadh; On-site; SAR 300,000 - 500,000; Full time

Job summary

Qiddiya Investment Company seeks a strategic Director of Development - Commercial Office to spearhead the creation of innovative commercial spaces. This pivotal role is central to realizing Qiddiya's vision of developing an attractive business ecosystem, requiring extensive experience in project delivery and leadership skills.

Benefits

Opportunity to be part of a major city development

Dedicated role to specific residential asset type

Collaboration with global industry leaders

Qualifications

• 10+ years of proven experience in end-to-end office development.
• Strong understanding of the commercial office sector and market trends.
• Experience in financial modeling and budgeting.

Responsibilities

• Oversee development and execution of commercial office spaces.
• Manage project budgets and ensure compliance with standards.
• Lead and mentor a diverse team of professionals.

Skills

Analytical skills

Negotiation skills

Leadership

Communication

Project Management

Education

Bachelor’s degree in construction or project management

MBA or Master's degree

Job description

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.

• 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.

• 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