myOffice Business Centre is set to enter Saudi Arabia with its first range of offices that will open in Zahran Business Centre, located in Jeddah. With the construction and fit-out in completion phase, the launch is planned for mid-September.
The offices in the center range from 13 to 25 square meters in size and is the first of four business centers expected to open in the country. myOffice has benefitted from an alliance with a local Saudi business family for this project. The myOffice Business Centre in Jeddah will be accommodating the growing demand for International and Multinational companies as well as the increasing SME Sector in the Middle East. As well as new businesses the Center will be available for use by the current myOffice partners and clients who will be looking to undertake business travel to Jeddah.
To be opened in a state of the art building facility named Zahran Business in the heart of Jeddah, myOffice Business Centre will boast a luxury style setting and executive suites to suit the Middle East Business Concierge lifestyle. Other features within the Business Centre include business lounges, Meeting rooms with conferencing facilities and fully equipped bar kitchen areas.
Mellisa O'Neil – Manageing Director, "The launch of a new myOffice Business Centre in the region is a response to the great commercial real estate need in Jeddah that is fueled by large-scale development projects in the city. Large multinational projects planned in the near future have further contributed to contracting companies from the Gulf region establishing their official presence in Saudi Arabia. The Saudi Council of Chambers estimates that there are more than 2 million small- and medium-sized businesses in the Kingdom and they account for 98% of the country's economy. Around 77,000 registered businesses in the country, 30,000 of which are medium sized, make up a part of the business and economic environment in Saudi Arabia. This is the first of many business centers that we are planning on opening in Saudia Arabia"
In the Middle East, serviced offices are increasingly becoming a mainstream property solution, while both local and international businesses continue to be attracted to the flexibility and efficiencies that are offered. Serviced office facilities are particularly popular in the country amongst the small and medium Enterprise business segment.
The demand for serviced offices is further expected to increase after the recent announcement of Saudi Arabia's Council of Ministers to provide a partial exemption to small and medium enterprises on the annual fees charged for employing expats. The removal of the levy is expected to boost the performance of small firms in Saudi Arabia. This positive trend would provide an impetus for new office set up and expansions in Jeddah and other parts of the country. Serviced offices can be a very cost-effective solution compared to traditional, shell and core office space.