**Hines to Open Riyadh Office in 2026 as Part of Middle East Expansion**
Houston-based global real estate investment manager Hines has announced plans to open a new office in Riyadh, Saudi Arabia, in 2026. This strategic move marks the firm’s deeper expansion into the Gulf region amid an unprecedented wave of urban development and infrastructure investment.
Steve Luthman, Global Head of Real Estate at Hines, will lead the firm’s operating platform in the Gulf, while David Steinbach, Global Chief Investment Officer, will continue to oversee investment activities across the region.
Co-CEO Laura Hines-Pierce commented on the expansion: “The Gulf is redefining the future of real estate, and we see tremendous opportunity to work with visionary investors and partners to bring that vision to life. Establishing a stronger presence in the region allows us to bring our global expertise in placemaking, sustainable value creation, and innovation to projects that will deliver lasting impact.”
Hines aims to strengthen its relationships with local investors and develop new partnerships aligned with the region’s broader goals for sustainable growth and economic diversification. The firm plans to leverage its global platform and development expertise to deliver projects across various real estate asset classes, including industrial, office, and mixed-use developments.
“This commitment to establishing a presence in Riyadh reflects our confidence in the region’s long-term trajectory,” said Jeffrey C. Hines, Chairman and Co-CEO of Hines. “As an investor with a legacy of development expertise, we believe our firm is uniquely well-placed to support the region in its exciting and ambitious plans for growth.”
The Riyadh office is expected to serve as a hub for Hines’ operations in the Gulf, signaling its long-term dedication to the region’s transformative real estate landscape.
