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News Release

KSA

JLL Signs MOU with The Jeddah Chamber of Commerce To Launch New Quarterly JLL – JCCI Jeddah Retail Index


​​JLL, the world's leading real estate investment and advisory firm, and Jeddah Chamber of Commerce ("JCCI") yesterday signed the Memorandum of Understanding (MOU) to collect and share data on the retail sector in Jeddah.

JLL will act as an independent third party to assist JCCI Jeddah Retail in the data collection process for the newly established JLL – JCCI Jeddah Retail Index. This index will improve transparency in the retail sector in Jeddah by collecting data from the members of Retail Committee of JCCI, which are major retailers and shopping centres, on a regular basis.The data will be included exclusively as part of JLL's quarterly report to improve the quality of available data on the retail sector in Jeddah.   

Commenting on the new MOU with JCCI, Mr Jamil Ghaznawi, National Director and Country Head of JLL's KSA, said: "This Memorandum of Understanding (MOU) marks an important initiative to support greater transparency in the retail sector of Jeddah. We are pleased to partner with The Jeddah Chamber of Commerce and Industry and work with them to support this significant initiative in the market. The data provided by the chamber will contribute substantially to our quarterly reports and will encourage the use of more data in similar market reporting processes."

Mr Adnan Mandoura, Secretary-General at JCCI said: With the new JLL – JCCI Jeddah Retail Index, we will be collecting data from major retailers in order to improve transparency and availability of data on shopping malls. We are pleased to work closely together with JLL to share our respective expertise as we increase the information available about the retail sector in Jeddah."

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