Executive Director – Commercial

Location : Riyadh, Saudi Arabia

Introduction

MRG Global is delighted to be mandated by one of our entrusted PIF Giga Project clients to appoint a Senior Commercial Leader in Riyadh, Saudi Arabia.

This visionary project is reshaping the Kingdom’s future, aiming to set new global benchmarks across tourism, sustainability, and cultural development.

The Executive Director – Commercial will oversee a commercial portfolio valued at over SAR 16 billion, playing a pivotal role in the strategic delivery of one of the most ambitious developments globally. This is a fantastic senior leadership-level opportunity for a highly experienced, seasoned commercial executive who has worked and led senior-level commercial functions across large-scale, complex, and fast-moving developments and programs.

Key Responsibilities

Leadership & Strategic Oversight

• Lead and manage a commercial team, including Senior Commercial Directors and Commercial Directors.
• Drive commercial strategy, governance, and best practice across all workstreams.
• Ensure consistent delivery and control across cost, contracts, and commercial risk.

Cost Planning & Budgeting

• Develop robust cost plans based on benchmarks, market data, and historical insights.
• Establish comprehensive project budgets and coding structures aligned with project scope.

Cost Control & Financial Manageme nt

• Monitor project costs against approved budgets and track cost variances.
• Forecast project spend based on real-time performance data and progress metrics.
• Produce and manage project cash flows and updates to financial forecasts.
• Deliver high-quality cost reports for executive and stakeholder review.

Contract Administration & Claims

• Oversee contract execution, administration, and close-out procedures.
• Ensure timely and compliant payment processing, including final accounts and retentions.
• Manage contractual performance and ensure adherence to terms and KPIs.

Claims & Change Management

• Oversee and manage claims processes for time and cost under contractual obligations.
• Administer and evaluate all changes to contracts, ensuring alignment with scope, budget, and risk thresholds.
• Advise on all matters of commercial compliance, financial exposure, and risk.

Candidate Profile

• Minimum 20+ years’ experience in commercial leadership roles, with substantial exposure to high-value, complex capital programs (ideally >USD 2 billion).
• Proven ability to lead senior teams within a developer, PMC, or consultancy environment.
• Expertise in cost management, contract administration, claims, change control, and commercial reporting.
• Strong leadership, stakeholder engagement, and strategic planning capabilities.
• Experience in the Middle East and/or large-scale master planning or infrastructure developments preferred.
• Bachelor's degree in quantity surveying, or similar. A master's degree is advantageous.

This is a rare opportunity to shape and deliver a legacy project of global significance, working at the forefront of Saudi Arabia’s transformation agenda. The successful candidate will join a high-calibre senior leadership team and contribute directly to the project’s long-term success and commercial viability.