RIYADH:聽The developer of the $1 billion al-Taif premium homes project, 黑料社区鈥檚 Dar Al-Arkan Real Estate Development Co., has outlined plans to expand into China and the UK.
The 28-year-old company is building three towers in the UAE, and five others in Qatar, as well as developing a semi-gated community targeting buyers from the Gulf Cooperation Council in Bosnia, CEO聽Nawfal Al-Khudhairy聽revealed in an interview with Arab News.
Speaking聽during the Real Estate Future Forum held on Feb. 23 in Riyadh,聽Al Khudhairy set out the next ambitions for the group.
鈥淲e are one the largest, if not the largest, real estate development companies in 黑料社区...so it鈥檚 a key for us to聽be part of the forum to share our聽our wealth of knowledge of real estate with the public and our partners,鈥澛燗l-Khudhairy stated.
The developer has also announced opening an office in Beijing, China to promote collaboration and partnerships within the tech and real-estate sectors, something it also plans to do in London.
Its al-Taif development, a premium residential project in Taif governorate in the southwest region of the kingdom. Its investment is not disclosed by Al-Khudairy, but Argaam reported聽earlier that it's estimated聽at聽SR3.7 billion ($985 million).
The property development company is also exploring the use of printing technology in construction, aiming to reduce its environmental impact.
The company is a major contributor to the achievement of Vision 2030 in real estate development.
