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RIYADH, Saudi Arabia, Nov. 2 /PRNewswire=KYODO JBN/ --

Dar Al Arkan, the leading real estate development company in KSA, has announced

the launch of its first European residential project. The 500,000 sqm luxury

development will be located in Bosnia and Herzegovina within a stunning forest

just 30 minutes from the country’s capital, Sarajevo. The project is slated to

break ground in the early part of 2021.

The company has secured the municipal and federal approval on this project

which will be the largest single real estate project in Bosnia and Herzegovina

Announcing the launch, Mr. Yusuf bin Abdullah Al-Shalash, Chairman of Dar Al

Arkan Real Estate Development, said: “Today, Dar Al Arkan has placed a golden

opportunity into the hands of investors. Bosnia and Herzegovina is a cultural

destination with an authentic history, traditions and a wonderful natural

environment. The country is growing in popularity, so this is a perfect

investment for those wishing to be part of the country’s developing luxury

tourism and hospitality sector.”

He also added: “This will be a wonderful haven for those wishing to relax

within a private, second-home gated community surrounded by luxury facilities

and services. We believe the development will attract both Bosnian and

international investors.”

The project will incorporate contemporary villas inspired by local architecture

and feature stylish interiors that harmoniously blend with the spectacular

views. Facilities will include a clubhouse, a hotel and spa, a gym, food and

beverage outlets and a children's playground.  

About Dar Al Arkan Real Estate Development Company

Dar Al Arkan Real Estate Development Company is a Saudi joint stock company,

active in real estate development and headquartered in Riyadh, KSA. The company

was founded in 1994 by six prominent business families who have, between them

all, vast experience in real estate development. Its activity is to purchase

and own real estate and land, general contracting, construction of commercial

and residential complexes. Throughout its long history, the company has

executed a number of successful real estate projects and contributed to the

development of efficient real estate solutions for the regional market, through

more than 30 commercial, residential, and real estate projects.

Dar Al Arkan Real Estate Development Company is a major contributor playing an

important role to help achieve the goals of Vision 2030 in regard to real

estate development.

https://www.daralarkan.com/en/who-we-are/about-dar-al-arkan

Photo - https://mma.prnewswire.com/media/1325121/Dar_Al_Arkan_Bosnia.jpg

Source: Dar Al Arkan