VP of Development Hospitality & Mixed-Use Projects (VPD001)

Overview

Foreground is partnering with a leading Saudi real estate investment firm to appoint a commercially astute and development-seasoned Vice President of Development, based in Jeddah. The firm is expanding its asset portfolio with a strategic focus on branded hospitality, experiential retail, and lifestyle-driven mixed-use developments aligned with Vision 2030 tourism and urban activation goals.

Role Purpose

To lead the end-to-end development lifecycle of high-impact real estate assets, from market feasibility and land acquisition to concept definition, partner selection, and execution oversight ensuring each asset meets financial targets, market demand, and urban relevance.

Responsibilities

• Develop and execute the company's hospitality and mixed-use development strategy, including master planning, project feasibility, and investment structuring for new assets in the Western Region.
• Lead internal and external teams across master planners, architects, hotel operators, legal advisors, and project managers, ensuring alignment with development objectives and timelines.
• Manage land acquisition analysis, joint venture structuring, and off-plan product strategies for hospitality-integrated real estate.
• Build investment memoranda and project business cases, presenting to the Board and Investment Committee for funding and go-to-market approval.
• Oversee pre-development approvals, licensing, and coordination with Jeddah Municipality, Ministry of Tourism, and regulatory authorities.
• Monitor development KPIs including cost per key / unit, IRR, project milestone adherence, and value engineering outcomes.
• Serve as a thought partner to C-level leadership, advising on asset positioning, risk mitigation, and exit scenarios in alignment with broader portfolio strategy.

Ideal Candidate Profile

• 15+ years of real estate development experience with a focus on hospitality, retail, or large-scale mixed-use projects in the GCC.
• Proven success leading projects from early-stage land strategy through delivery, including stakeholder negotiation and investor engagement.
• Strong financial acumen in underwriting, development modeling, and JV structuring.
• Bachelors degree in Real Estate, Engineering, or Architecture; Masters degree or MBA strongly preferred.
• Familiarity with Saudi building codes, zoning frameworks, and public-private development programs.
• Strategic mindset with operational discipline, high cultural awareness, and strong negotiation capabilities.