Property Giant Hines to Expand into Booming Saudi Arabian Market

Real estate giant Hines plans to expand into Saudi Arabia next year, aiming to tap one of the Middle East’s busiest development and construction markets.

The Houston-based developer and investment manager, which oversees about $92 billion in assets, is recruiting staff for a new Riyadh office and relocating executives to the kingdom, the company said in a statement to Bloomberg News. Hines will focus on industrial, office and mixed-use projects.