JLL names new country head for Saudi Arabia

Ibrahim Albuloushi
Updated 17 July 2017
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JLL names new country head for Saudi Arabia

JLL, a global real estate investment and advisory firm, has announced the appointment of Ibrahim Albuloushi as its new national director and country head for Saudi Arabia.
Albuloushi is an international executive with 20 years’ experience in creating vision and strategic direction with primary skills in Islamic banking, real estate development and property management.
He replaces Jamil Ghaznawi, who has overseen JLL’s operations in the Kingdom for the past three years and is moving into a senior role with an important client of the firm.
“Ibrahim joins us with an impressive and results-driven background that will help us negotiate the fast changing landscape in Saudi Arabia,” said Alan Robertson, CEO, JLL MENA.
“We have deep, long-standing and trusted relationships in Saudi Arabia, and Ibrahim will be critical to enhancing our presence even further as we develop and grow our business in strategic areas across the Kingdom.” Albuloushi served as the chief real estate development officer at Kingdom Holding Company for the past two years. Before joining Kingdom Holding, he was CEO of Knowledge Economic City, which serves Saudi Arabia’s economic diversification strategy and is reviving Madinah’s role as a center for Islamic knowledge.
Albuloushi said: “This is an exciting opportunity to step into a key position where I feel I can drive impactful results for JLL’s business in the region.”
“I’m joining JLL at an exciting time where my skills, marketplace knowledge and strategic thinking will be key to continuing the success that has already been achieved,” he added.
In his most recent roles, he has overseen overall operations and real estate development and asset management activities to ensure production efficiency, quality, service and cost-effective management of resources for major projects. His roles have also commercial and P&L responsibilities with special emphasis on business development through joint ventures (JVs) and public private partnerships (PPP) in addition to mergers and acquisitions (M&A).
Albuloushi holds a bachelor’s degree in electrical engineering from King Fahd University of Petroleum and Minerals. In addition, he has attended training programs, workshops and seminars locally and internationally in banking, finance, projects management and real estate development.


Genesis G70 arrives in the Middle East

Updated 19 April 2018
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Genesis G70 arrives in the Middle East

Genesis has officially launched its compact G70 luxury sedan in Middle East markets, completing the brand’s core sedan lineup. Engineered as a dynamic car with strong appeal to younger customers and more enthusiastic drivers, the G70 joins the flagship G90 large sedan and mid-sized G80 and G80 Sport.

“Genesis has been very well received in the Middle East, and the Genesis G70 will be an exciting new chapter in our story,” said Altar Yilmaz, Genesis general manager for the Africa and Middle East region. “For many of our potential customers, this is the Genesis they have been waiting for.”

The arrival of the Genesis G70 in showrooms follows a previous display presentation at the Dubai International Motor Show in November 2017, where Genesis fielded a large number of inquiries about the car. With larger G80 and G90 models already growing a strong base of loyal customers, it is expected the compact model will add significantly to the brand’s appeal in the competitive Middle East luxury car market.

The G70 showcases the future direction of the Genesis brand’s “Athletic Elegance” design identity. 

“The G70’s interior is configured to prioritize an excellent user experience, with superb fit and finish throughout. The interior packaging reflects simplicity, with an emphasis on genuine functionality instead of gimmickry. A horizontal layout brings a sense of stability, with an intuitively laid-out switchgear and a comfortable, assertive sport steering wheel,” the carmaker said.

The G70 offers two powertrains in the Middle East region — a 3.3-liter V6 petrol turbo and 2.0-liter I4 petrol turbo.  The Lambda II 3.3-liter V6 turbo GDI engine is the heart of the enthusiast-focused G70 Sport, with 370 ps and maximum torque of 52.0 kg.m (510 N.m) 0 to 100 km/h acceleration in 4.7 seconds, and a top speed of 270 km/h.