Arab News, Tue, Apr 16, 2024 | Shawwal 7, 1445
ROSHN Group, Dar Al Arkan sign $57m deal
Saudi Arabia:
ROSHN Group, Saudi Arabia’s leading national real estate developer, signed a
SR215 million ($57.3 million) sale and purchase agreement with partner developer
Dar Al Arkan, the Saudi Press Agency reported.
Under the agreement, Dar Al Arkan will acquire and
develop residential villas in SEDRA 1A, which is in northern Riyadh.
ROSHN’s latest collaboration with a Saudi
developer is part of the company’s overall strategy to team up with
best-in-class entities in a variety of domain-specific services.