Magnom Properties, the real estate arm of Rawabi Holding, appoints JLL, a leading professional services firm that specializes in real estate, investment management and development consultancy services, to act as project managers, office and retail advisors for the developer’s upcoming projects in the region, Invest-Gate reports.
Under the deal, JLL will advise on Magnom Properties’ high-value commercial, residential, and lifestyle projects in Saudi Arabia, Egypt, the Middle East, and the North Africa region. Besides, providing consultancy services to develop the strategy, budget, and timeline of the project.
In this regard, CEO of Magnom Properties Maged Marie says, “Through our partnership with JLL, we aim to ensure our projects adhere to the highest standards of sustainability. Our goal is to support the economic growth of the region and be a strong partner in supporting decarbonization strategies.”
Ayman Sami, country head of Egypt at JLL, says that the focus of Magnom Properties to develop and manage sustainable projects with the lowest carbon footprint is a model for the region as it focuses on transitioning to net-zero emissions.
“We have a strong track record in delivering large-scale projects globally and we will bring our expertise in Project Management, Retail, Offices and Property Management to support Magnom Properties in order to achieve their ambitions,” Sami adds.
Sami concludes, “We are happy to be part of this relationship working closely with world-renowned architects and contractors on a very unique project in the NAC that is anticipated to be a leader in driving change.”