Panattoni expands into Middle East with launch of operation in Saudi Arabia

Panattoni has plans to expand into the Middle East with the launch of an operation in Saudi Arabia.

The move marks a milestone for Panattoni in its ambition to capitalize on emerging opportunities in key global markets in the Middle East and Asia. Panattoni aims to play a pivotal role in driving economic growth and development in Saudi Arabia, by serving global clients through its property platform. Panattoni’s initial focus is on three of the largest Saudi Arabian cities — Riyadh, Jeddah and Dammam.

The new operation will be headed by Daniele Sotti, managing director, Saudi Arabia; and Ali Chamoun, development director.

Sotti has more than 25 years of experience in the large logistics and real estate sectors.  He joined Panattoni in March 2022 as managing director business development Western Europe, having previously worked in France and Italy for companies such as Amazon, TNT, DHL and Prologis.

Previously, Chamoun spearheaded Amazon’s real estat