{"id":115073,"date":"2026-05-13T00:00:00","date_gmt":"2026-05-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/?p=115073"},"modified":"2026-05-13T06:52:49","modified_gmt":"2026-05-13T06:52:49","slug":"jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/","title":{"rendered":"JLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead"},"content":{"rendered":"

Two firms are deepening their Riyadh footprints \u2014 and tapping local leadership to run <\/strong>their <\/strong>new units.<\/strong> Real estate services firm JLL is setting up<\/a> a sports and entertainment hub in Riyadh, while London-based merchant bank Altea Partners is establishing a Saudi arm<\/a> in partnership with a local investment holding company. <\/p>\n

JLL\u2019s new base will serve clients across the region and globally<\/strong>, offering everything from leasing and operations to development advisory and investment support for stadiums, arenas, theme parks, cinemas, and other entertainment venues.<\/p>\n

Ahmed Abas (<\/strong>LinkedIn<\/a><\/strong>) has been appointed regional head of sports and entertainment <\/strong>for the Middle East and Africa.<\/strong> He\u2019s a PPP specialist with over 15 years in the region, and sits on the advisory boards of the Middle East Sports Investment Forum and the World Stadiums and Arenas Summit.<\/p>\n

Altea Partners, meanwhile, appointed Nawaf AlOtaibi (<\/strong>LinkedIn<\/a><\/strong>) of Altea Partners Saudi <\/strong>Arabia<\/strong>, which will operate onshore once regulatory approvals are secured. AlOtaibi joins from BSF Capital, where he most recently headed wealth management. <\/p>\n

Altea Partners\u2019 expansion is part of a broader trend of global financial institutions <\/strong>establishing a footprint in Saudi Arabia<\/strong>, although Altea has not declared Riyadh as its regional headquarters. JLL declared Riyadh its regional HQ back in 2023. HSBC secured<\/a> a regional headquarters license for its capital markets hub in December, joining Goldman Sachs<\/a> \u2014 the first major bank to do so \u2014 Citigroup<\/a>, Morgan Stanley<\/a>, and JPMorgan<\/a>. Barclays<\/a> is also pushing for a 2026 launch.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL is establishing a sports and entertainment hub in the capital<\/p>\n","protected":false},"author":1,"featured_media":115074,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2652],"tags":[2878,2538,2877,2651],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-115073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves-kudos","tag-altea-partners","tag-enterpriseam","tag-jll","tag-moves-kudos","wpautop","entry"],"acf":{"mongo_id":"e4a2f755-0c7a-4a2f-b403-4febc88570bc","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/723.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Big feet","related_issue":[115057],"teaser":"JLL is establishing a sports and entertainment hub in the capital"},"yoast_head":"\nJLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead - MENA+ Edition<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead\" \/>\n<meta property=\"og:description\" content=\"JLL is establishing a sports and entertainment hub in the capital\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/\" \/>\n<meta property=\"og:site_name\" content=\"MENA+ Edition\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-13T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-13T06:52:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"JLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead\",\"datePublished\":\"2026-05-13T00:00:00+00:00\",\"dateModified\":\"2026-05-13T06:52:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/\"},\"wordCount\":252,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Altea Partners\",\"EnterpriseAM\",\"JLL\",\"Moves + Kudos\"],\"articleSection\":[\"MOVES + KUDOS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/\",\"url\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/\",\"name\":\"JLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead - MENA+ Edition\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-05-13T00:00:00+00:00\",\"dateModified\":\"2026-05-13T06:52:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/menaplus\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/#website\",\"url\":\"https:\/\/enterpriseam.com\/menaplus\/\",\"name\":\"MENA+ Edition\",\"description\":\"MENA+ Edition\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/menaplus\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/#organization\",\"name\":\"MENA+ Edition\",\"url\":\"https:\/\/enterpriseam.com\/menaplus\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"MENA+ Edition\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/menaplus\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/menaplus\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead - MENA+ Edition","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/","og_locale":"en_US","og_type":"article","og_title":"JLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead","og_description":"JLL is establishing a sports and entertainment hub in the capital","og_url":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/","og_site_name":"MENA+ Edition","article_published_time":"2026-05-13T00:00:00+00:00","article_modified_time":"2026-05-13T06:52:49+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/menaplus\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"JLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead","datePublished":"2026-05-13T00:00:00+00:00","dateModified":"2026-05-13T06:52:49+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/"},"wordCount":252,"publisher":{"@id":"https:\/\/enterpriseam.com\/menaplus\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1","keywords":["Altea Partners","EnterpriseAM","JLL","Moves + Kudos"],"articleSection":["MOVES + KUDOS"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/","url":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/","name":"JLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead - MENA+ Edition","isPartOf":{"@id":"https:\/\/enterpriseam.com\/menaplus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1","datePublished":"2026-05-13T00:00:00+00:00","dateModified":"2026-05-13T06:52:49+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/13\/jll-altea-partners-set-up-new-hubs-in-riyadh-tapping-local-talent-to-lead\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/menaplus\/"},{"@type":"ListItem","position":2,"name":"JLL + Altea Partners set up new hubs in Riyadh, tapping local talent to lead"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/menaplus\/#website","url":"https:\/\/enterpriseam.com\/menaplus\/","name":"MENA+ Edition","description":"MENA+ Edition","publisher":{"@id":"https:\/\/enterpriseam.com\/menaplus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/menaplus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/menaplus\/#organization","name":"MENA+ Edition","url":"https:\/\/enterpriseam.com\/menaplus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/menaplus\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"MENA+ Edition"},"image":{"@id":"https:\/\/enterpriseam.com\/menaplus\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/menaplus\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/menaplus\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/menaplus\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/723.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/posts\/115073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/comments?post=115073"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/posts\/115073\/revisions"}],"predecessor-version":[{"id":115113,"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/posts\/115073\/revisions\/115113"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/issue\/115057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/media\/115074"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/media?parent=115073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/categories?post=115073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/tags?post=115073"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/brand?post=115073"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/menaplus\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=115073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}