Arabian Centers Company Announces New CEO
- Bringing over two decades of shopping center experience in some of the world’s fastest growing emerging markets, with industry leading commercial real estate organizations
- Will spearhead ambitious plans for business growth and expansion across the Kingdom
Riyadh, Saudi Arabia: Arabian Centers Company (ACC), the largest owner, developer and operator of contemporary lifestyle centers in Saudi Arabia, has announced the appointment of its new Chief Executive Officer (CEO), Alison Rehill-Erguven, who will will join her in August 2022.
Rehill-Erguven brings over two decades of deep shopping center and real estate experience, having been based and/or managed in joint ventures, assets and teams in some of the world’s largest emerging markets in Asia, in Europe and Latin America. In addition, she has over 10 years of experience in the US market, working with leading commercial real estate companies and shopping center operators around the world, General Growth Properties and Simon Property Group.
She joins Arabian Centers from her position as Head of Commercial Real Estate at Brookfield Properties based in Shanghai, China, where she was responsible for all retail assets including shopping malls, offices and residential developments. mixed. Brookfield Properties is part of Brookfield Asset Management, one of the world’s largest alternative asset managers. Brookfield acquired Pradera Retail Asia (PRA), of which Rehill-Erguven was officially CEO since 2016.
In addition, she has served as Chair of the Board of PRA China, Director of the Board of PRA Hong Kong, and National Chairperson for Turkey. His previous experience also includes that of Managing Director of Pradera Limited, a London-based private equity firm specializing in commercial property, with assets and employees in the UK, Europe and Turkey.
Rehill-Erguven brings a diverse and deep knowledge of the industry, having started her career in fashion marketing and merchandising before moving into senior roles in international marketing, partnerships, business development and asset management. .
Mohamad Mourad, General Manager of Arab Centers, said, “Alison offers an impressive caliber of expertise working in some of the largest and fastest growing markets in the world with expertise in the holistic purchase lifecycle. She inherently understands the importance of bringing together the human and technological aspects of retail for a complete and immersive lifestyle experience.
“She will apply her in-depth knowledge of retail and real estate, working with some of the world’s largest owners and operators of retail assets, to lead Arabian Centers’ ambitious growth plans here in Saudi Arabia. saudi. I look forward to working closely with Alison as she leads plans that will dramatically improve the retail sector across the Kingdom and beyond.
Alison Rehill-Erguven, CEO, Arabian Centers Company, said: “I am delighted to join Arabian Centers in Saudi Arabia. I am driven by the challenge of quickly understanding and adapting to new and emerging markets and the burgeoning opportunity in the Kingdom is the talk of our industry around the world.
“Arabian Centers is on an exciting path, with a strong growth trajectory. Its unique lifestyle offering, in one of the world’s most exciting markets, means it is uniquely positioned to support the nation’s forward-thinking plans and deliver superior experiences to its savvy, savvy consumers.
Rehill-Erguven holds a BSc in International Business with Honors from the Fashion Institute of Technology at the State University of New York, and currently holds a Masters in Organizational Leadership with a focus on strategic innovation and change management from Colorado State University, graduating August 2022. She holds several board and non-executive director positions, including non-executive director of ESAS Properties, Turkey, and is a member of the International Council of Shopping Centers and the Council of Middle East Shopping Centers.
Arabian Centers is the leading owner, operator and developer of contemporary lifestyle centers in Saudi Arabia. Founded in 2002, the company offers its customers a full range of high quality living centers with international standards, located in the most attractive areas of the country to meet all shopping needs and market requirements.
The company currently owns, operates and manages 21 shopping centers and complexes, with over 4,300 stores, strategically located in 10 cities across the Kingdom. With a total GLA of nearly 1.2 million square meters, the company’s malls provide Saudi shoppers with their preferred access point to the full range of international, regional and local retail brands.