Dar Al Arkan, ROSHN ink deal on SAR215m project in Sedra community

Riyadh-headquartered Dar Al Arkan has joined forces with PIF-owned ROSHN Group to embark on its second project within the premium Sedra community in northern Riyadh.

The sale and purchase agreement signed between the companies is valued at SAR215m.

The developer has already acquired land to develop 200 premium villas.

Dar Al Arkan project to blend traditional and contemporary elements

Spanning 56,280 square metres, the project will seamlessly blend modern amenities with Saudi heritage.

Mohammed Al-Motawakil, COO of Dar Al Arkan, said: “Together, we’re committed to shaping Saudi Arabia’s residential landscape.

“Our aim extends beyond delivering meticulously crafted villas to setting new standards for luxury living.”

New phase launches in Sedra

In other news, in March, ROSHN Group launched the fourth phase of its SEDRA project.

This new phase will add 4,860 residential units to the development, spread over 1.9 million square meters.

The initial offering includes 1,254 units for purchase in the first tranche of sales.