VP of Development Hospitality & Mixed-Use Projects (VPD001)

Foreground LLC; Jeddah; On-site; SAR 400,000 - 600,000; Full time

Job summary

A prominent real estate investment firm in Jeddah seeks a Vice President of Development to spearhead ambitious hospitality and mixed-use projects aligned with Vision 2030. The role involves overseeing all development phases, from market analysis to execution, requiring a candidate with extensive industry experience and strong strategic vision.

Qualifications

• 15+ years of real estate development experience focused on hospitality or retail.
• Successful project delivery from land strategy to execution.
• Strong knowledge of Saudi building codes and zoning frameworks.

Responsibilities

• Lead development lifecycle of real estate assets from feasibility to execution.
• Manage teams of planners, architects, and project managers.
• Oversee pre-development approvals and regulatory coordination.

Skills

Financial acumen

Stakeholder negotiation

Investment structuring

Project management

Strategic mindset

Education

Bachelor's degree in Real Estate

Master's degree or MBA

Job description

Foreground is partnering with a leading Saudi real estate investment firm to appoint a commercially astute and development-seasoned Vice President of Development, based in Jeddah. The firm is expanding its asset portfolio with a strategic focus on branded hospitality, experiential retail, and lifestyle-driven mixed-use developments aligned with Vision 2030 tourism and urban activation goals.

Role Purpose

To lead the end-to-end development lifecycle of high-impact real estate assets, from market feasibility and land acquisition to concept definition, partner selection, and execution oversight ensuring each asset meets financial targets, market demand, and urban relevance.

Key Responsibilities

• Develop and execute the company's hospitality and mixed-use development strategy, including master planning, project feasibility, and investment structuring for new assets in the Western Region.
• Lead internal and external teams across master planners, architects, hotel operators, legal advisors, and project managers, ensuring alignment with development objectives and timelines.
• Manage land acquisition analysis, joint venture structuring, and off-plan product strategies for hospitality-integrated real estate.
• Build investment memoranda and project business cases, presenting to the Board and Investment Committee for funding and go-to-market approval.
• Oversee pre-development approvals, licensing, and coordination with Jeddah Municipality, Ministry of Tourism, and regulatory authorities.
• Monitor development KPIs including cost per key/unit, IRR, project milestone adherence, and value engineering outcomes.
• Serve as a thought partner to C-level leadership, advising on asset positioning, risk mitigation, and exit scenarios in alignment with broader portfolio strategy.

Ideal Candidate Profile

• 15+ years of real estate development experience with a focus on hospitality, retail, or large-scale mixed-use projects in the GCC.
• Proven success leading projects from early-stage land strategy through delivery, including stakeholder negotiation and investor engagement.
• Strong financial acumen in underwriting, development modeling, and JV structuring.
• Bachelor's degree in Real Estate, Engineering, or Architecture; Master's degree or MBA strongly preferred.
• Familiarity with Saudi building codes, zoning frameworks, and public-private development programs.
• Strategic mindset with operational discipline, high cultural awareness, and strong negotiation capabilities.