Savills, the leading global real estate advisors, today announced the appointment of Ramzi Darwish as Head of Savills Saudi Arabia. Ramzi will lead the Saudi team whilst driving the expansion of all service lines with a strong focus on Property Management, Facilities Management, Consultancy and Valuation, leveraging his extensive knowledge of both the KSA market and Savills global network capabilities. His promotion from within the Savills team comes in recognition of his successful tenure to date, both growing headcount and revenue and establishing the Savills brand as best in class among international real estate firms.
Steven Morgan, CEO of Savills Middle East, said: “Our recent research indicates strong recovery for Saudi Arabia’s real estate market, specifically within the office, logistics and retail sectors. Due to the high vaccination rate, the relaxation of restrictions, the opening of borders, and the significant support provided by the local government to businesses, the outlook for the remainder of the year remains optimistic.”
“In light of these positive developments, we are pleased to announce Ramzi’s promotion as part of our strategy for dynamic growth in the Kingdom. His extensive experience in the Saudi market and knowledge of the Savills global network qualify him as the ideal candidate for this position. In his new role, Ramzi will have the full support of the Savills global teams, along with a well-established regional team and key experts to continue to deliver service excellence to our clients.”
Ramzi’s previous position as Director of Commercial Agency included developing portfolio strategies for international corporate clients and leasing strategies for office and retail project developers. He has been instrumental in establishing Savills as the leading commercial agency in the Kingdom and has successfully advised on and managed large scale projects in primary and secondary cities.
Commenting on his appointment, Darwish said: “Having been with Savills since 2014, it has been an invaluable experience to be a part of such an internationally respected firm. I look forward to collaborating even more closely with Savills well-established global network to drive growth to our KSA business and retain the Savills position as market leaders in Commercial Agency, Property Management, Facilities Management, and Strategic Consultancy in addition to our Valuation business that is scheduled to start trading in Q4 this year. These are exciting times for Savills in KSA, and I am very confident that this new chapter will be full of success.”
“The announcement of Saudi Arabia’s 2030 vision, as well as recent strategic financial market developments aimed at attracting foreign investment, have boosted the country’s economy outlook. With the government’s continued support, Saudi Arabia will remain a major economic hub for the region and the preferred global destination for real estate development.” Ramzi added.