Development Director

OVERVIEW

Position

Development Director

Job Code

Reports to

Executive Director and Team Lead

Direct Reports

Development Managers, Marketing & Sales Team.

Division

"The Line" Proponent

Department

The Line Proponent

Role Purpose

The Development Director is responsible for leading and providing general management oversight for the development of a mixed-use portfolio in an assigned module on the Mirror Line from inception to delivery and handover/occupation. The assets will include residential, retail, hospitality and commercial offices.

This will require working closely with Urban Planning, designers, Neom Sectors, Departments and NEOM Finance to create development strategies that meet The LINE’s commercial and financial objectives to maximise return on invested capital and operating profitability and management of cashflow. This will involve preparing development programs and business cases that optimis asset mixes (quantum, type, quality, price points, etc) for each asset considering phasing, marketing strategies and investor attraction to achieve optimized outcomes.

The Development Director shall also collaborate with colleagues and stakeholders across the Proponent, Sectors and NEOM Department teams to enhance a culture of collaboration, development excellence, leading design and delivery methodologies, and quality of built assets, to deliver the NEOM vision on time, on budget and to the highest and best international standards.

KEY ACCOUNTABILITIES & ACTIVITIES

Key Responsibilities

• Report to the Executive Director and manage, co-ordinate and direct all aspects of asset development across relating to NIA and the Aerotropolis.
• Lead, coordinate and oversee Real Estate development, planning, and finance, including any proposed Public/Private Partnerships (PPP's).
• Capitalize on extensive knowledge and experience of concept strategies, development programs and business cases to review and recommend endorsement of all stages of project proposal before proceeding to master planning phases.
• Ensure business cases are executed and delivered to the best interests, and financial benefit, of NEOM and manage stakeholder relationships at all levels, particularly any joint venture stakeholders.
• Identify regulatory requirements and ensure corporate governance required to operate in the identified framework.
• Oversee, lead and manage the completion of all aspects of the development process including overseeing legal frameworks, contract negotiations, procurement, consultant appointment and project execution.
• Lead and manage project teams including managing resources and processes to achieve high performance
• Ensure all technical procedures adapted meet with approved NEOM corporate operational objectives and Plans of Works.
• Oversee direct reports to actively implement risk mitigation measures to ensure business cases are secured to meet profit and turnover targets.
• Manage direct reports to ensure that feasibility, program, design, technical, quality and leasing specifications of projects are achieved through to completion and handover.
• Provide regular reports to executive covering compliance with project vision and business plan, project status, deliverables status, risk.
• Oversee preparation of RFP and other procurement plans for the delivery of the assets, as required.
• Manage interfaces between various NEOM entities to ensure strict adherence to the agreed delivery schedules and develop contingency recovery schedule, as and when required.

BACKGROUND, SKILLS & QUALIFICATIONS

Knowledge, Skills and Experience

• Experience in very large developments, preferably over $1.0 billion end value or 500,000sqm floor area
• Extensive experience in high density, high-rise mixed-use urban developments
• Detailed knowledge of, and fully conversant with, development of concept strategies, development programs and business cases for regional and urban developments.
• Proven track record in relevant real estate development, with demonstratable technical competence across all property development disciplines and P&L accountability.
• In-depth understanding of economic and business/venture strategies with ability to problem-solve and make effective decisions in a fast-paced environment, with good knowledge of technology to support business management.
• Proven ability to manage and prioritize multiple, design related tasks simultaneously.
• Experience in leading and managing high performance teams
• Excellent communicator (verbal and written) and a good command of English and ability to present confidently to small and large audiences
• Proven ability to build professional relationships and trust, with colleagues and internal and external stakeholders alike, with interpersonal skills to build effective relationships across all levels of the organization.
• Fully computer literate, proficient in Microsoft Office applications, document management systems and Microsoft Project, good knowledge of Power BI and Primavera P6 is desirable
• The Director position requires total commitment and flexibility to achieve key, strategic targets that may require working additional hours.
• Strong leadership ability and rational judgement and reasoning skills, with proven ability to communicate effectively at design office, site, management, and client levels.

Qualifications

• Bachelor's Degree in Business Admin., Economics, Real Estate, Architecture, Master Planning or Engineering from an accredited university – MBA or a masters degree in a relevant discipline is desirable.
• Professional registration and accreditation with Economics, Real Estate, Engineer or Urban Design Institute i.e. MACCE, MIED, CARB, PE, MICE, PMP etc.
• Minimum 25 years' experience and proven track record in leading and delivering multi-asset, complex developments, with 10 years in a senior management role, preferably in the Middle East.
• History of presentation and participation in Senior Executive and Board Meetings.
• Demonstrate a consistent and acceptable employment history and duration in previous roles held.
• Excellent communication skills, with high standard of English (oral and written).

MAIN CONTACTS

Internal

External

• Proponent and / or Development Executive Director
• CDO and ExCom (as required)
• NEOM Sector/Department Heads & Management
• NEOM Contractors (Design & Construction)

• Industry associations and Standards bodies
• 3rd Party Consultants & Professional Advisors
• 3rd Party Investors, JV Partners and Funders
• Related Government agencies