Executive Director - Motorsports - Asset Management - 20000600 CDU5
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Key skills for this role
About the Role
Qiddiya Investment Company seeks an Executive Director to lead owner-side asset management for a major motorsport portfolio in Riyadh, including Speed Park and Motorsport Park.
Key Skills for This Role
Responsibilities
- Lead the owner side asset management strategy for the motorsport portfolio in alignment with QIC's objectives and long term value creation agenda
- Oversee operator performance across the motorsport portfolio, ensuring delivery against contractual obligations, KPIs, SLAs, and strategic objectives
- Review and challenge operator business plans, budgets, and forecasts to ensure commercial robustness and alignment with owner expectations
- Champion best in class customer experience across motorsport events, attractions, hospitality, and venue journeys
- Optimise revenue, partnerships, sponsorship, branding, and IP monetisation across the motorsport portfolio
- Build and lead a high performing owner side motorsport asset management capability
Requirements
- Bachelor's degree in business, finance, real estate, sport management, hospitality, or related discipline
- 10+ years of relevant experience in asset management, venue operations, motorsport, entertainment, leisure, or related sectors
- 5+ years in a leadership role with accountability for commercial performance, operator oversight, or major asset delivery
- Strong experience in motorsport, venues, entertainment, leisure, or major event asset management and operations
- Experience in pre opening, operator mobilisation, business planning, and owner side governance of complex destination assets
- Experience in the GCC or wider MENA region preferred
Full Job Posting
Overview
- Qiddiya Investment Company is advancing a major motorsport portfolio including Speed Park Track, Speed Park Buildings, Motorsport Park, Motorsport Experience Centre, Exclusive View Lounge, Iconic Cliff Loop, and Speedplex.
- The Executive Director Motorsport Asset Management will play a critical owner side role in shaping the operating model, protecting long term value, and positioning the portfolio for successful mobilisation ahead of Formula 1 in 2028.
Key Responsibilities
- Lead the owner side asset management strategy for the motorsport portfolio.
- Define strategic objectives, commercial frameworks, and operating principles for experiences, events, venues, and ancillary revenue streams.
- Support operator selection, business plan challenge, and operating model development.
- Build and maintain effective relationships with internal stakeholders, third party operators, advisors, governing bodies, and commercial partners.
- Oversee operator performance across the motorsport portfolio, ensuring delivery against contractual obligations, KPIs, SLAs, and QIC strategic objectives.
- Establish and monitor performance dashboards covering revenue, profitability, utilisation, event delivery, customer experience, safety, compliance, and readiness milestones.
- Review and challenge operator business plans, budgets, and forecasts.
- Drive achievement of financial targets with a focus on sustainable revenue growth and EBITDA delivery.
- Champion best in class customer experience across motorsport events, attractions, hospitality, premium viewing, and venue journeys.
- Work with internal and external stakeholders to optimise revenue, partnerships, sponsorship, branding, and IP monetisation.
- Shape event calendar strategy and experience mix to maximise visitation, yield, market positioning, and repeat demand.
- Build and lead a high performing owner side motorsport asset management capability.
Essential Duties and Responsibilities
- Lead the development and implementation of the Motorsport Asset Management framework for Qiddiya's motorsport assets.
- Develop, implement, and continuously refine Qiddiya Asset Management operating policies, governance standards, and KPI frameworks.
- Support the negotiation, execution, and ongoing management of operator agreements, service agreements, consultancies, and other commercial arrangements.
- Work collaboratively with Development, Operational Readiness, and operator teams to ensure smooth delivery of all pre opening, mobilization, and integration activities.
- Continually monitor operator performance and portfolio risk across agreed KPIs, with timely, accurate, and decision useful reporting.
- Develop and implement strategic responses to performance trends to ensure targets are met or exceeded.
- Formulate and recommend short and long term strategic asset plans for the Motorsport portfolio.
- Analyze motorsport market trends, fan behavior, customer demand patterns, competitive positioning, and experience economics.
- Examine and monitor the commercial and operating performance of the Motorsport assets to ensure return on investment is maximised.
- Provide input to monthly, quarterly, and annual reporting for executive leadership.
- Engage and collaborate with other asset management verticals and corporate functions.
Qualifications
- Bachelor's degree in business, finance, real estate, sport management, hospitality, or a related discipline.
- Strong experience in motorsport, venues, entertainment, leisure, or major event asset management and operations.
- Experience in pre opening, operator mobilisation, business planning, and owner side governance of complex destination assets.
- Relevant professional certifications or memberships in asset management, project management, finance, hospitality, or motorsport related disciplines are preferred.
- 10+ years of relevant experience in asset management, venue operations, motorsport, entertainment, leisure, or related sectors.
- 5+ years in a leadership role with accountability for commercial performance, operator oversight, or major asset delivery.
- Experience in the GCC or wider MENA region preferred.
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