Real estate
25. April 2024

Panattoni expands into Middle East with launch of operation in Saudi Arabia


Panattoni, the largest logistics real estate developer in Europe, announces its expansion into the Middle East with the launch of an operation in Saudi Arabia.

The move marks a milestone for Panattoni in its ambition to capitalise on emerging opportunities in key global markets in the Middle East and Asia. Panattoni aims to play a pivotal role in driving economic growth and development in Saudi Arabia, by serving global clients through its property platform. Panattoni’s initial focus is on three of the largest Saudi Arabian cities: Riyadh, Jeddah and Dammam.

The new operation will be based in Riyadh, where Panattoni is in the process of seeking office space. It will be headed by Daniele Sotti, Managing Director, Saudi Arabia, and Ali Chamoun, Development Director.

Daniele Sotti has more than 25 years’ experience in the large logistic and real estate sectors.  He joined Panattoni in March 2022 as Managing Director Business Development Western Europe, having previously worked in France and Italy for companies such as  Amazon, TNT, DHL and Prologis.

Daniele will be joined by Ali Chamoun, Development Director, Saudi Arabia, an experienced local business strategist and real estate expert, who previously spearheaded Amazon’s real estate strategy and led IWG’s expansion in the country.

Panattoni’s entry into Saudi Arabia comes at a time of rapid transformation in the region. A pillar of the Vision 2030 plan is to maximize the benefit that comes with the Kingdom’s strategic geographical location, by transforming it into the go-to logistics hub for the region, capable of efficiently linking trade across the continents of Asia, Europe and Africa.

Robert Dobrzycki, CEO & co-owner of Panattoni Europe, UK, Middle East and India, said: ” 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.The Kingdom’s logistics sector is experiencing a supply-demand imbalance, as evidenced by the strong levels of occupancy and rental growth. The strong demand for space is being driven by the government’s Vision 2030 plan and its initiatives to diversify away from an oil-reliant economy and to become the main logistics hub of the Middle East and North Africa region”.