VP of Development Hospitality & Mixed-Use Projects
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Salary Not Disclosed
1 Vacancy
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 companys 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.
- Bachelors degree in Real Estate Engineering or Architecture; Masters 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.
Employment Type
Full Time
