Panattoni, a global leader in logistics and real estate, has announced its expansion into the Middle East, specifically targeting Saudi Arabia. This strategic move focuses on establishing operations in three major Saudi cities: Riyadh, Jeddah, and Dammam. The company aims to capitalize on emerging opportunities in these key markets within the region.
The new operational hub will be situated in Riyadh, where Panattoni is actively pursuing office space. The leadership for this venture includes Daniele Sotti, appointed as Managing Director for Saudi Arabia, along with Ali Chamoun, who takes on the role of Development Director.
This expansion aligns with Panattoni’s growth strategy and comes at a significant juncture amidst rapid transformations in the Middle East. Saudi Arabia’s Vision 2030 plan emphasizes leveraging its strategic geographical location to become a central logistics hub, connecting trade routes across Asia, Europe, and Africa efficiently.
Robert Dobrzycki, CEO & co-owner of Panattoni Europe, UK, Middle East, and India, expresses enthusiasm about this venture, stating, “Entering the Saudi Arabian market represents an exciting opportunity for Panattoni to contribute to the country’s thriving economy and support its vision for sustainable development.”
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By Proptechbuzz
By Ravi Kumar
