Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, November 03 2020 - 00:39
Leading KSA Real Estate Developer Dar Al Arkan launches its first project in Europe
RIYADH, Saudi Arabia, Nov. 2 /PRNewswire-AsiaNet/ --

Dar Al Arkan, the leading real estate development company in KSA, has announced 
the launch of its first European residential project. The 500,000 sqm luxury 
development will be located in Bosnia and Herzegovina within a stunning forest 
just 30 minutes from the country’s capital, Sarajevo. The project is slated to 
break ground in the early part of 2021. 

The company has secured the municipal and federal approval on this project 
which will be the largest single real estate project in Bosnia and Herzegovina
Announcing the launch, Mr. Yusuf bin Abdullah Al-Shalash, Chairman of Dar Al 
Arkan Real Estate Development, said: “Today, Dar Al Arkan has placed a golden 
opportunity into the hands of investors. Bosnia and Herzegovina is a cultural 
destination with an authentic history, traditions and a wonderful natural 
environment. The country is growing in popularity, so this is a perfect 
investment for those wishing to be part of the country’s developing luxury 
tourism and hospitality sector.”

He also added: “This will be a wonderful haven for those wishing to relax 
within a private, second-home gated community surrounded by luxury facilities 
and services. We believe the development will attract both Bosnian and 
international investors.” 

The project will incorporate contemporary villas inspired by local architecture 
and feature stylish interiors that harmoniously blend with the spectacular 
views. Facilities will include a clubhouse, a hotel and spa, a gym, food and 
beverage outlets and a children's playground.  

About Dar Al Arkan Real Estate Development Company

Dar Al Arkan Real Estate Development Company is a Saudi joint stock company, 
active in real estate development and headquartered in Riyadh, KSA. The company 
was founded in 1994 by six prominent business families who have, between them 
all, vast experience in real estate development. Its activity is to purchase 
and own real estate and land, general contracting, construction of commercial 
and residential complexes. Throughout its long history, the company has 
executed a number of successful real estate projects and contributed to the 
development of efficient real estate solutions for the regional market, through 
more than 30 commercial, residential, and real estate projects. 

Dar Al Arkan Real Estate Development Company is a major contributor playing an 
important role to help achieve the goals of Vision 2030 in regard to real 
estate development.

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Source: Dar Al Arkan