Assistant Manager - Business Development at The Red Sea Development Company

The Red Sea Development Company, a leading project funded by Saudi Arabia's Public Investment Fund (PIF), is seeking applications for the position of Assistant Manager - Business Development at its headquarters in Riyadh. This role presents an exceptional opportunity for ambitious professionals to contribute directly to one of the world's most ambitious luxury tourism projects, a cornerstone of Saudi Arabia's Vision 2030 to diversify the economy and boost the tourism sector.

Job Description and Key Responsibilities

The Assistant Manager - Business Development will be integrated into a dynamic team focused on driving the strategic growth of the company. The role will center on assisting in identifying and developing new business opportunities and strategic partnerships that support the overarching vision of the project. Key responsibilities for this position are expected to include:

• Assisting in conducting market research and analyzing industry trends to identify new business opportunities within tourism, hospitality, leisure, and luxury retail sectors.
• Supporting the Business Development Manager in preparing and analyzing financial and economic feasibility studies for proposed opportunities and projects.
• Contributing to the development of business proposals, investment presentations, and marketing materials targeted at potential partners and investors.
• Aiding in managing the due diligence process for new strategic partnerships and alliances.
• Participating in negotiations and drafting preliminary Memorandums of Understanding (MoUs) and agreements under supervision.
• Collaborating with various internal departments such as Planning, Finance, and Operations to ensure business development initiatives align with the company's strategic objectives.
• Preparing periodic reports and progress updates for senior managers and leadership on business development plans and initiatives.
• Maintaining an up-to-date database of business opportunities, contacts, and potential partners.

Qualifications and Essential Requirements

To be a successful candidate for this role, you should meet the following criteria:

• Educational Background: A Bachelor's degree in Business Administration, Marketing, Finance, or a related field. A Master's in Business Administration (MBA) or a relevant postgraduate qualification is a strong advantage.
• Professional Experience: Minimum of 5 years of experience in business development, strategic sales, investment, or project management, with proven experience in the tourism/hospitality sector, major real estate developments, or infrastructure.
• Technical Skills: Excellent proficiency in Microsoft Office Suite (especially Excel and PowerPoint). Knowledge of research and data analysis tools.
• Personal Skills:
  • Excellent communication and negotiation skills in both Arabic and English (essential).
  • Ability to analyze complex data and derive actionable insights.
  • Strategic thinking and the ability to see the bigger picture.
  • Strong organizational skills with the ability to manage multiple tasks in a fast-paced environment.
  • Proactive attitude and ability to work independently as well as part of a team.
  • Deep understanding of the Saudi Arabian business landscape and Vision 2030 goals.

Why Work for The Red Sea Development Company?

Joining The Red Sea Development Company is more than just a job; it's a chance to have a tangible impact on the future of tourism in the region. You will be part of a team building a sustainable legacy. While specific compensation package details were not mentioned in the initial posting, major PIF-funded companies typically offer:

• A stimulating and competitive work environment at the forefront of innovation.
• Excellent opportunities for career growth and development.
• Involvement in a globally visionary project.

How to Apply for the Position

Applications for this position are processed through the Naukrigulf platform. Please visit the original job listing link on the platform and submit your application through their dedicated system. Ensure your Curriculum Vitae (CV) is updated to highlight your experience relevant to the job requirements, citing your past achievements in business development with measurable results and figures. Including a compelling Cover Letter explaining your motivation to join this mega-project and how your skills can add value to The Red Sea Development Company is highly recommended.

Given the competitive nature of the project, early application is advised. Only qualified applications will be reviewed, and all correspondence with suitable candidates will remain confidential.

Note: This article is based on a genuine job posting. It is always recommended to refer to the original link on the Naukrigulf platform for the most current information and any additional details that may be posted later.