Home Industry Real Estate Dar Al Arkan, ROSHN ink deal on SAR215m project in Sedra community Spanning 56,280 square metres, the project featuring villas will seamlessly blend modern amenities with Saudi heritage by Gulf Business April 17, 2024 Image: ROSHN Group 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. Tags Dar Al Arkan Real Estate ROSHN Group Saudi Arabia Sedra community You might also like Blinken arrives in Saudi Arabia on first leg of Middle East tour Saudi Arabia’s NEOM secures $2.7bn syndicated loan Saudi Arabia’s Vision 2030 projects to be adjusted as needed: Finance Minister How UAE’s recent floods will impact construction projects