Saudi office supply pipeline seen robust for 2023, says expert

Saudi office supply pipeline seen robust for 2023, says expert

With Saudi Arabia continuing to establish itself as a hub for startups and multinational corporations, the future supply pipeline for 2023 is expected to be relatively healthy if built as planned, with 629,000 sq m of floor space set for completion in the capital and 78,000 sq m in Jeddah, according to leading real estate expert JLL.

With the future of work embedded in hybrid models, sustainability outcomes, and technology enforcement, offices are finding a new purpose, further necessitating a long-term transformation of the real estate portfolio of companies to succeed in a post-pandemic world.

Speaking at JLL's ‘Future of Work’ event held today in Riyadh, Saud Alsulaimani, KSA Country Head, said: "Saudi Arabia is transforming at a rapid pace with the real estate sector playing a key role in driving Vision 2030. In the last decade, we have seen a significant shift in the demand in the kingdom, where traditional developments are losing their appeal and people now want smarter, more sustainable and greener workplaces."

"Trends such as the widespread adoption of dynamic and flexible working, the growth of workplace technologies to support corporate real estate functions in managing these new workstyles, and increased investment to bolster environmental sustainability goals identified in