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Magnom Properties hires JLL for projects management across MENA

Magnom Properties hires JLL for projects management across MENA

Arab Finance: Magnom Properties, the real estate arm of Saudi conglomerate Rawabi Holding, has appointed the professional services firm JLL as project manager and retail advisor for the company’s upcoming projects in the region, according to an emailed statement on June 13th.

JLL will advise on Magnom’s commercial, residential, and lifestyle projects in Saudi Arabia, Egypt, and the entire Middle East and North Africa (MENA) region.

The global company will also provide Magnom with consultancy services to enhance projects’ strategy, budget, and timeline.

“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 while also being a strong partner in supporting decarbonization strategies,” CEO of Magnom Properties Maged Marie said.

“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, ensuring that they achieve their ambitions,” JLL’s Country Manager – Egypt Ayman Sami commented.

Magnom Properties is a joint venture between Magnom Holding and Rawabi Holding Group in Saudi Arabia.

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