JLL, the world's leading real estate investment and advisory firm, has announced the appointment of Eng. Ibrahim Albuloushi as its new National Director and Country Head for Saudi Arabia.

Albuloushi is an international executive with 20 years’ experience in creating vision and strategic direction with primary skills in Islamic banking, real estate development and property management.

He replaced Jamil Ghaznawi, who has overseen JLL’s operations in the Kingdom for the past three years and is moving into a senior role with an important client of the firm.

“Ibrahim joins us with an impressive and results-driven background that will help us negotiate the fast changing landscape in Saudi Arabia,” said Alan Robertson, CEO, JLL MENA.

“We have deep, long-standing and trusted relationships in Saudi Arabia, and Ibrahim will be critical to enhancing our presence even further as we develop and grow our business in strategic areas across the Kingdom.”

Albuloushi joins JLL from Kingdom Holding Company where he has served as Chief Real Estate Development Officer for the past two years. Before joining Kingdom Holding, he was CEO of Knowledge Economic City, which serves Saudi Arabia’s economic diversification strategy and is reviving Madinah’s role as a center for Islamic knowledge.

Previously, he worked as Western Regional Director and was a member of the Investment Committee for Dar Al Arkan, during which time he participated in the valuation of companies and conducted feasibility studies, whilst fundraising with different structures for real estate development projects.

“This is an exciting opportunity to step into a key position where I feel I can drive impactful results for JLL’s business in the region,” said Albuloushi.

“I’m joining JLL at an exciting time where my skills, marketplace knowledge and strategic thinking will be key to continuing the success that has already been achieved.”

In his most recent roles, he has overseen overall operations and real estate development and asset management activities to ensure production efficiency, quality, service and cost-effective management of resources for major projects. His roles have also commercial and P&L responsibilities with special emphasis on business development through Joint Ventures (JVs) and Public Private Partnerships (PPP) in addition to mergers and acquisitions (M&A).

Albuloushi holds a BSc in Electrical Engineering from King Fahd University of Petroleum and Minerals. In addition, he has attended training programs, workshops and seminars locally and internationally in banking, finance, projects management and real estate development in addition to leadership and strategy sessions. — SG