XSPACE Partners with Hotdesk to Boost Coworking Space Network in Saudi Arabia

Mohamed Khaled (left) Co-founder and CEO of Hotdesk and Ibrahim Al-Twaijri (Right) Founder and CEO of XSPACE at the Saudi Proptech event at the Four Seasons on 7 November 2023.

Dubai based on-demand workspace booking platform, Hotdesk - and XSPACE, a Saudi-based coworking transformation enabler soon to launch in Riyadh, announce a strategic alliance to provide landlords with an end-to-end solution to transform underutilized commercial real estate into coworking spaces.

Riyadh, Saudi Arabia, 9 November 2023:

Ibrahim Abdulmohsen Al Twaijri, the Founder and CEO of XSPACE, has unveiled their debut in Riyadh in a strategic move that aims to address the growing demand for flexible workspace solutions while addressing the limited supply in the Saudi Arabian market, and also announced their partnership with Hotdesk for advanced coworking technology integration.

The surge in demand for flexible workspaces can be attributed to several factors, including macroeconomic shifts and government initiatives. These include the forthcoming launch of the Saudi Regional HQ program on the 1st of January 2024, the development of digital mega-cities, the substantial influx of consultants engaged in various projects, and startups relocating to Riyadh to secure venture capital and tap into the vast market opportunities.

XSPACE is set to revolutionize the industry by empowering landlords to convert underutilized commercial spaces into vibrant co-working environments under a single brand to create an easy flow for consumers, rather than adding to the fragmentation of the coworking market. XSPACE offers an end-to-end, plug and play model for landlords to ease the transformation, including brand guidelines, furniture selection, and most importantly, data-driven spatial design, and cutting-edge technology through its announced partnership with Hotdesk.

In addition to its flagship offering, XSPACE will introduce a "lite" version tailored to hotel lobbies and cafes, placing a strong emphasis on ergonomics. This concept will seamlessly integrate the necessary elements for efficient work, ensuring that every detail caters to the well-being and productivity of users. Expect meticulously optimized setups designed to promote ergonomic comfort, noise reduction measures to create a serene working environment, and dedicated work pods equipped with ergonomic furniture, lighting, and acoustics to facilitate confidential calls.

These features, combined with a range of other thoughtful amenities, will enable individuals to work with comfort and efficiency in XSPACE's lite co-working environments.

Ibrahim Abdulmohsen Al Twaijri, a prominent early-stage technology startup investor through his family office, emphasized the pressing need for flexible office and co-working spaces in Riyadh. He sees XSPACE as a bridge connecting the thriving startup community with real estate landlords. He stated, "The timing for the launch of XSPACE couldn't be more opportune than this time in the Saudi narrative." For more information about XSPACE, visit www.xspaceglobal.com.

Key aspects of co-working space creation, such as spatial layout, pricing, automation, and clientele outreach, have traditionally been the capability of larger players in the industry. XSPACE has forged a strategic partnership with Hotdesk whereas XSPACE locations are all built on-top of Hotdesk’s cutting-edge technology stack, including HotdeskOS for efficient coworking management and automation, the Hotdesk marketplace for client reach, and seamless integration with Hotdesk's corporate offerings.

Hotdesk’s on-demand coworking marketplace currently spans 1,500+ workspaces in 45+ countries and 200+ cities, allowing users to easily book desks, meeting rooms, and offices by the hour, day, month, or year. Additionally, Hotdesk provides SaaS for businesses to optimize their real estate and manage their global hybrid workforce along with cutting edge data analytics and a coworking space management platform that empowers coworking spaces to streamline their day-to-day operations.