RIYADH: Continuing its dynamic growth momentum, Saudi real estate company Dar Al-Arkan has announced the opening of its office in Beijing, China.
The move is in line with Dar Al-Arkan’s strategic expansion plans and builds on developing Saudi brands globally.
The company’s Beijing office will serve multiple functions to allow for joint ventures between Dar Al-Arkan and leading Chinese real estate developers for both the Chinese and Saudi markets, further increasing and facilitating collaboration between the Kingdom and China, and enhancing investment and knowledge-sharing opportunities.
The office will primarily promote cooperation and partnerships within the real estate and technology sectors to exchange and implement global best practices in these respective industries.
Dar Al-Arkan recently appointed Guo Jiancheng as general manager for its office in Beijing.
“Over its 27-year history in Saudi Arabia, Dar Al-Arkan has pioneered a distinctive approach to development, introduced new technologies, and raised the benchmark for the real estate and technology sectors in the Kingdom. With this expertise and industry know-how, the company is well-positioned to take this knowledge and creativity to a global level and promote it as best practices. By entering into the Chinese market, Dar Al-Arkan is also well positioned to enhance relations between the Kingdom and China across multiple fronts.”
Dar Al-Arkan’s office will act as a hub to support Chinese companies and investors seeking expansion, company formation and investment opportunities in the Kingdom.
By providing access to the required information, permits, legal and financial knowledge, as well as support on partnerships and other requirements, Dar Al-Arkan aims to make entry into the Kingdom more accessible.
Likewise, the office will support Saudi Arabian companies to explore expansion opportunities and gain entry into the Chinese market. Furthermore, Dar Al-Arkan will encourage other areas for mutual collaboration, especially in tourism and cultural exchanges.
Starting in 2021, Dar Al-Arkan embarked on a global expansion drive, with the announcement of its Sidra project in Bosnia last March, followed by the launch of two luxury co-branded towers in the UAE in collaboration with luxury fashion brand Missoni and hypercar manufacturer Pagani Automobili, respectively. The company also announced expansion into the Qatari and Omani markets through premium residential and commercial projects.
