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Manager - Commercial; CDU

Job in Riyadh, Riyadh Region, Saudi Arabia
Listing for: Qiddiya Investment Company
Full Time position
Listed on 2026-02-05
Job specializations:
  • Business
  • Construction
Salary/Wage Range or Industry Benchmark: 150000 - 200000 SAR Yearly SAR 150000.00 200000.00 YEAR
Job Description & How to Apply Below
Position: Manager - Commercial (CDU4) 20004155

Qiddiya is Saudi Arabia’s flagship destination for entertainment, sports, and culture — a cornerstone of Vision 2030 located just outside Riyadh. Spanning over 360 km², it will feature world-class attractions including a Formula 1-grade racetrack, theme parks, major sports venues, and performance spaces. More than a destination, Qiddiya is a catalyst for economic diversification, job creation, and a new way of life.

With construction progressing rapidly, we’re looking for driven professionals ready to help shape one of the world’s most ambitious developments. Every role here has real impact — from planning and design to delivery and operations. If you're motivated by large-scale challenges and lasting legacy, there’s a place for you at Qiddiya.

Essential Duties and Responsibilities
  • Assist in preparation of business cases for new items of work.
  • Collaborate with project stakeholders to develop and implement procurement strategies.
  • Develop and manage tender documentation, including pricing schedules and contract terms.
  • Assist in the review of financial proposal tender returns.
  • Conduct thorough cost analyses and feasibility studies to support project decision-making.
  • Evaluate contractor bids and provide recommendations for contract awards.
  • Negotiate contract terms and conditions to optimize project outcomes.
  • Ensure that letters of award and regret letters are issued to bidders.
  • Conduct contract handover meetings with the client’s procurement team and produce minutes of the meeting.
  • Ensure performance bonds and advance payment bonds are received and in place for awarded contract and maintain a database for same.
  • Issue notices to proceed in accordance with the contract.
  • Review and approve subcontractors or subconsultants in line with contractual requirements.
  • Monitor and report on project costs, budgets, and financial forecasts throughout the project lifecycle.
  • Manage contractual relationships with contractors and suppliers, ensuring compliance with contract.
  • Identify and assess risks associated with project execution and recommend mitigation strategies.
  • Handle variations, claims, and disputes in collaboration with project teams.
  • Provide regular updates to senior management on commercial performance and key issues.
  • Ensure timely processing of interim payment applications (IPA) and interim payment certificates (IPC).
  • Issue notices for delays and deduct penalties as per contract terms.
  • Perform contract closeout tasks and update the contracts register upon final discharge.
  • Ensure retention monies are released, and bonds or securities are returned in accordance with the contract.
  • Liaise with QIC internal teams, including procurement, legal and finance, to ensure alignment to commercial objectives.
  • Foster positive relationships with external stakeholders, including clients, contractors, and regulatory bodies.
  • Develop and maintain weekly action plans for live tasks.
  • Regular commercial meetings with contractors/consultants to ensure proactive management of commercial actions.
  • Monthly cash flow reporting and updates to the contracts register for inclusion in the monthly report.
  • Ensure timely correspondence management – ensure responses are issued in line with contractual deadlines.
  • Oversee workload and commitments of Assistant Commercial Manager, and support their professional development.
Qualifications
  • Minimum of 8 years of proven experience in commercial management.
  • Strong understanding of construction contracts, commercial law, and risk management principles.
  • Bachelors Degree in Quantity Surveying or Equivalent.
  • Excellent negotiation, communication, and interpersonal skills.
  • Proficient in financial management and cost control, with good analytical and problem-solving abilities.
  • Ability to work independently and as part of a team.
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