Logo of Dar Al Arkan Real Estate Development Co.
Dar Al Arkan Real Estate Development Co. said that the contract signed with Oman Tourism Development Co. (OMRAN Group) is valid for 10 years, expecting the relevant financial impact to show starting from 2027.
The joint venture with OMRAN Group is in line with the company’s strategy to co-invest in the tourism sector, due to the sector’s strategic importance, being directly linked with Saudi Vision 2030.
On March 24, the Saudi-based real estate developer signed a partnership agreement to co-develop SAR 6 billion project in Muscat, Argaam earlier reported.
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