New York City, NY, Kingdom of Saudi Arabia & United Arab Emirates – April 2019: Jay Olshonsky, FRICS, SIOR, and President & CEO of NAI Global, a leading global commercial real estate brokerage firm, today announced the opening of operations in the Middle East. NAI Saudi Arabia and NAI UAE provide strategic advisory and property-related consulting services to private and institutional investors, developers, financiers, owners and occupiers throughout the Middle East from its offices in the United Arab Emirates (Dubai) and the Kingdom of Saudi Arabia (Jeddah and Riyadh). The services include brokerage, valuation and mixed-use advisory, research, property management and corporate services solutions.
The new Middle East offices are led by CEO – M.E., Waleed Murrawat, who has over 14 years of experience in the regional property market – 10 of which were with major international real estate agencies in the Middle East and Asia Pacific, and President & Managing Director Khalid Alsalloom, a 20-year veteran of Saudi Arabia’s commercial real estate market.
Prior to NAI, Mr. Murrawat headed Colliers International operations in Pakistan. He has been involved in land acquisitions in Saudi Arabia for mixed-use developments in Makkah, was the lead advisor and manager of a resort development in Jeddah, managed dispositions of luxury palaces in Riyadh, Jeddah and Dubai, and administered various asset management projects in the various part of Europe, South Asia, Middle East & North Africa. He has been an advisor to major corporate clients including Microsoft, Coca Cola, Teradata, Sanofi, Pfizer, Asian Development Bank, Grand Hyatt, Etisalat, Emaar, Nestle, Saudi Bin Laden Group and many local & international groups.
NAI Global’s presence in the Middle East adds a strategic consulting group to the region where the property markets have performed well in recent years and there is plenty of room for growth.
“The Middle East economies are expected to grow as a result of the Saudi Arabian transformation plan under Vision 2030, among other initiatives like Rea Sea Development & NEOM. Plus the market is opening up for international players like NAI Global and other investors in the development of the region,” said Waleed Murrawat.
In addition, Expo 2020 Dubai, the first World Expo to be held in the Middle East, Africa and South Asia (MEASA) region, will run Oct. 20, 2020, to April 10, 2021, which is expected to attract 25 million visitors, mostly from outside the UAE.
“The exposure the region will receive from Expo and related activities should generate opportunities for our group to leverage its expertise in strategic advisory, research, valuation, investment services and property/project management for corporate occupiers as well as investors,” added Mr. Murrawat.
NAI UAE is located at Office 7, Level 7, Building 11, Bay Square Business Bay, in Dubai.
NAI Saudi Arabia is located at 328, SABA Building Prince Sultan St, Zahra District in Jeddah and Office 5, Level 5, Alnakheel Tower, King Fahd Road, Nakheel District in Riyadh.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.