Saudi developer Dar Al Arkan opens Beijing office as it seeks global expansion

Dar Al Arkan said its Beijing office will serve multiple functions to allow for joint ventures between Dar Al Arkan and leading Chinese real estate developers for the Chinese and the Saudi market.

It added in a statement that the office will primarily promote cooperation and partnerships within the real estate and technology sectors to exchange and implement global best practices.

Dar Al Arkan recently appointed Guo Jiancheng as general manager for Dar Al Arkan’s office in Beijing to lead the company’s operations in China.

Jiancheng said: “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 practice.

“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 said the office will act as a hub to support Chinese companies and investors seeking expansion, company formation and investment opportunities in the kingdom.

The office will also support Saudi companies to explore expansion opportunities and gain entry into the Chinese market.

Starting in 2021, Dar Al Arkan has embarked on a global expansion drive starting with the announcement of its Sidra project in Bosnia, 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.

The company also announced expansion into the Qatari and Omani markets through premium residential and commercial projects.

Dar Al Arkan is headquartered in Riyadh and has delivered 15,000 residential units and over 500,000 square metres of commercial space.