Nick Maclean, managing director, CBRE Middle East
After joining real estate firm St Quintin as a graduate in 1987, Nicholas Maclean was appointed head of the firm’s professional services department in 1995, becoming partner in 1996. Following St Quintin’s merger with Insignia Richard Ellis — which created CBRE — he became head of the rating and taxation department and a member of the city business team management board. In 2001, Maclean left the CBRE London office to take up an international role within the firm, concentrating on the development and expansion of cross-border European valuation advisory services. In 2004, he was appointed managing director of CBRE Middle East and he currently is leading the firm’s initiative to grow operations in the Middle East. Maclean is a fellow of the Royal Institution of Chartered Surveyors and of the Institute of Rating, Revenue and Valuation (IRRV). Headquartered in the US, CBRE is widely considered to be the world’s biggest real estate services firm, offering asset services, brokerage, speciality services and projects advice to its global portfolio of clients.
The small kingdom is among the most economically vulnerable of the GCC states, with high debt levels, low reserves and slow GDP growth. But it has identified jewels in its accelerating non-oil economy that will help it forge a new path for the future.