Houston-based global real estate investment manager Hines plans to establish an office in Riyadh, the Kingdom of Saudi Arabia in 2026. Steve Luthman, Global Head of Real Estate, will lead the firm’s operating platform across the Gulf region, while David Steinbach, Global Chief Investment Officer, will continue to lead investment activity.
Laura Hines-Pierce, co-CEO at Hines said, “The Gulf is redefining the future of real estate, and we see tremendous opportunity to work with visionary investors and partners to bring that vision to life. Establishing a stronger presence in the region allows us to bring our global expertise in placemaking, sustainable value creation, and innovation to projects that will deliver lasting impact.”
Houston-based Hines’ planned expansion into the Middle East comes at a time when the region is undergoing one of the largest waves of urban and infrastructure investment in modern history. In opening a local office Hines intends to deepen relationships with investors; create new partnerships in support of the region’s long-term vision for sustainable growth and economic diversification; and leverage its global platform to deliver high-quality, sustainable, and innovative real estate projects across asset classes, including industrial, office and mixed-use.
“This commitment to establishing a presence in Riyadh reflects our confidence in the region’s long-term trajectory,” said Jeffrey C. Hines, chairman and co-CEO at Hines. “As an investor with a legacy of development expertise, we believe our firm is uniquely well-placed to support the region in its exciting and ambitious plans for growth.”
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