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News Release


JLL MENA Appoints New Co-Head of Saudi Arabia Business

JLL MENA has made a series of announcements today related to the growth, importance and management of its business in the Kingdom of Saudi Arabia (KSA)

JLL MENA has made a series of announcements today related to the growth, importance and management of its business in the Kingdom of Saudi Arabia (KSA), its largest business in the MENA region. Soraka Al Khatib has been appointed Co-Head of the JLL MENA business in Saudi Arabia, joining from the National Commercial Bank, KSA. In addition JLL MENA confirms it has doubled the number of staff in the KSA since the start of 2010 and has expanded its offices in Riyadh at Abraj Attawyniya Tower and in Jeddah at Jameel Square.

Thierry Loué, Chief Executive Officer of JLL MENA said: “Saudi Arabia is our most important core market in the region and the largest in our MENA business  It is poised for another decade of growth as it capitalises on its significant domestic demand and leverages its important resources.”
He continued: “We are delighted to have many prominent Saudi nationals on our team working alongside our international real estate professionals based in the Kingdom.  We are very pleased to announce the appointment of Soraka Al Khatib as Co-Head of our business in Saudi Arabia; he brings with him a wealth of real estate experience within the Kingdom and will be a great asset as we continue to grow our business.”
Soraka Al Khatib, Co-Head of JLL MENA Saudi Arabia added: “I am pleased to be part of JLL MENA’s professional team along side John and fully dedicated to the Saudi market. The firm has a market leading position in the region and this is a great opportunity for me. The Saudi Real Estate industry is growing exponentially with ‘mega projects’ that require research-driven solutions combined with real estate expertise, which is exactly what JLL MENA offers to its clients.”
Saudi Arabia is entering a decade of sustained real estate growth and has become the most significant real estate market in the MENA region; building on an impressive record of domestic economic growth, diversified demand and strategic planning, the Kingdom is poised to become a dominant real estate market. Over the past five years JLL MENA has established itself as the leading international real estate investment and advisory organisation working in the Kingdom and over the past two years has been involved in real estate projects worth more than US$ 100 billion in the Kingdom.
John Harris, Co-Head of JLL MENA KSA added: “Our new offices in Riyadh and Jeddah will give our teams the right platform to be close to our clients and to increase our engagement in the primary property markets across Saudi Arabia.”
Loué concluded: “Our strategy is to contribute to the ongoing growth of the real estate industry in Saudi Arabia. Just as leading Saudi investors, developers, and occupiers have placed their trust in us to work with them to build the professionalism of real estate in the Kingdom, we are also looking to continue to invest in our business here.”
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Notes to Editors:
Biography of Sorak Al Khatib:

Soraka has over 17 years of experience in Saudi Arabia’s market with emphasis in real estate business development and investment. He has held senior executive positions with SEDCO looking after business development, sales and marketing, property & facility management as well as real estate finance. Some of the projects that Soraka has worked on include: the Red Sea Mall, Ewaan Residential Development Company, & Massara subdivision. Soraka has also worked on setting up retail and development companies. Recently Soraka was instrumental in the setup of the Mortgage finance business for the National Commercial Bank leveraging on his real estate background and Procter and Gamble professional management experience.

A Saudi national, Soraka holds a bachelor of electronics engineering and an MBA from London Business School, along with advanced real estate diploma from the Urban Land Institute

Projects Delivered in KSA by JLL MENA:

• Knowledge Economic City, Madinah
• Um Al Qura, Makkah ​
• Jabal Omar Development, Makkah
• Jabal Khandama Development, Makkah
• King Abdullah Economic City
• Dana Bay, Al Khobar
• Jeddah Central District
• Jubail Industrial City
• Dar Al Arkan Al Qasr project, Riyadh