Orth, 52, brings 27 years real estate experience gained in the US, Europe and the Middle East, and joins The Land from Al Qudra Real Estate (UAE), where he managed a $40bn in real estate development projects as CEO and General Manager.
Previously, Orth served as a Senior Director for Sama Dubai, a division of Dubai Holdings, following Regional Managing Partner positions for Real Estate services throughout Europe with Ernst & Young, Arthur Andersen and PricewaterhouseCoopers.
"It is a great honor to join The Land's leadership team and have the opportunity to build on its success. I am excited by the challenge of helping The Land achieve its goal of becoming one of the world's largest real estate developers," commented Victor Orth.
"From the first moment I met with The Land's management & owners, the Top 5 Middle East contracting company Al Rajhi Investment Group, I was immediately impressed with their ambitious regional and international development plans with an emphasis on geographic and market segment diversity with quality," added Orth.
A respected lecturer, published author, speaker of 4 languages and Keynote Speaker at countless real estate conferences including United Nations and World Bank events, Orth is well qualified to comment on Qatar's economic success.
"The Land is one of the Middle East's fastest growing companies, and its rapid growth mirrors the achievements of Qatar under the wise leadership of His Highness the Emir and the government of Qatar. Today, I consider Qatar a serious financial investment alternative to Abu Dhabi and Dubai," added Orth.
Mr. Said Said, President of The Land Holding, explained that company's board of directors unanimously selected Orth based on his track record of leading complex real estate organizations, in addition to his strong executive and personal qualities.
"Our search for a new leader to help The Land Qatar sustain its growth has been focused and thorough," commented Said. "A screening team of board members short listed a number of top notch candidates and we are delighted that our first choice, Victor Orth, has agreed to join The Land and help take the company to the next level."
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The Land Qatar names Victor E. J. Orth as Managing Director
- Qatar: Tuesday, July 08 - 2008 at 15:17
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The Land Real Estate Investment and Development Company (The Land) announced today that its board of directors has named Victor E.J. Orth Jr., MRICS, ASA as the company's new Managing Director to head up the premier developers operations in Qatar.
Victor E.J. Orth Jr, new Managing Director of The Land Qatar.
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Posted by Medilyn Manibo, Assistant News EditorTuesday, July 08 - 2008 at 15:17 UAE local time (GMT+4)
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For further information please contact:
Soraya Baroudi
Account Executive
GCI Public Relations Qatar
Tel: +974 428 3147
Victor E.J. Orth Jr. Biography
Victor Orth was named Managing Director of The Land Qatar and member of the board of directors of The Land Holding on 1 June 2008.
Victor Orth was previously CEO and General Manager of Al Qudra Real Estate and a Senior Director with Sama Dubai in UAE. Earlier Orth spent 15 years in Europe as Partner in Charge of Real Estate Advisory Services for Ernst & Young (Greece), Arthur Andersen (Hungary) and PricewaterhouseCoopers (Hungary).
Mr. Orth is a member of the UK Royal Institute of Chartered Surveyors (RICS) and a senior member of real estate Appraisal institutions in the USA, Romania and Hungary. Orth has also been a quoted and published author and lecturer in Europe, USA and the GCC, working with organizations such as the United Nations, World Bank and the Financial Times amongst many others.
He earned a bachelor's degree in Architecture, Planning and Design in 1982 from Illinois Institute of Technology and Masters Degree in Real Estate Science from Nottingham-Trent University, United Kingdom in 1996.
About The Land:
The Land Real Estate Investment and Development (The Land) was founded in 2004 as a major international real estate developer with the objective of bringing in-depth experience and a commitment to professionalism and integrity to the Middle East real estate and construction industry.
Established by Saudi businessmen, principally the Al Rajhi Investment Group and Mr. Said Said, The Land is investing $6.15bn in major developments in Saudi Arabia ($3bn), Jordan ($250m), Bahrain ($500m), Palestine ($200m) and Qatar ($2.2bn), where it is the largest private investor in The Pearl-Qatar, the country's first freehold development offered to international investors.
One of the largest financial and investment groups in Saudi Arabia and the Middle East, in 2008 The Land's property portfolio will grow to $20bn and expand into new territories with developments planned in Romania and Georgia.
Founded on the pioneering principles of detecting and developing rewarding real-estate investments throughout the Middle East, The Land offers its customers all-round satisfaction from project inception to project completion. Al Rajhi Investment Group, one of the largest financial and investment Groups in Saudi Arabia and the Middle East, achieves success by creating a 'total solutions' synergy between the following group companies:
•The Land Real Estate Investment & Development •Masharii Project Management and Business Development (www.masharii.com)
•Al-Arrab Contracting Company (www.arrab.com.sa)
•Operators Facility and Property Management (www.operators.com)
Soraya Baroudi
Account Executive
GCI Public Relations Qatar
Tel: +974 428 3147
Victor E.J. Orth Jr. Biography
Victor Orth was named Managing Director of The Land Qatar and member of the board of directors of The Land Holding on 1 June 2008.
Victor Orth was previously CEO and General Manager of Al Qudra Real Estate and a Senior Director with Sama Dubai in UAE. Earlier Orth spent 15 years in Europe as Partner in Charge of Real Estate Advisory Services for Ernst & Young (Greece), Arthur Andersen (Hungary) and PricewaterhouseCoopers (Hungary).
Mr. Orth is a member of the UK Royal Institute of Chartered Surveyors (RICS) and a senior member of real estate Appraisal institutions in the USA, Romania and Hungary. Orth has also been a quoted and published author and lecturer in Europe, USA and the GCC, working with organizations such as the United Nations, World Bank and the Financial Times amongst many others.
He earned a bachelor's degree in Architecture, Planning and Design in 1982 from Illinois Institute of Technology and Masters Degree in Real Estate Science from Nottingham-Trent University, United Kingdom in 1996.
About The Land:
The Land Real Estate Investment and Development (The Land) was founded in 2004 as a major international real estate developer with the objective of bringing in-depth experience and a commitment to professionalism and integrity to the Middle East real estate and construction industry.
Established by Saudi businessmen, principally the Al Rajhi Investment Group and Mr. Said Said, The Land is investing $6.15bn in major developments in Saudi Arabia ($3bn), Jordan ($250m), Bahrain ($500m), Palestine ($200m) and Qatar ($2.2bn), where it is the largest private investor in The Pearl-Qatar, the country's first freehold development offered to international investors.
One of the largest financial and investment groups in Saudi Arabia and the Middle East, in 2008 The Land's property portfolio will grow to $20bn and expand into new territories with developments planned in Romania and Georgia.
Founded on the pioneering principles of detecting and developing rewarding real-estate investments throughout the Middle East, The Land offers its customers all-round satisfaction from project inception to project completion. Al Rajhi Investment Group, one of the largest financial and investment Groups in Saudi Arabia and the Middle East, achieves success by creating a 'total solutions' synergy between the following group companies:
•The Land Real Estate Investment & Development •Masharii Project Management and Business Development (www.masharii.com)
•Al-Arrab Contracting Company (www.arrab.com.sa)
•Operators Facility and Property Management (www.operators.com)
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