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Saudi Arabia’s Dar Al-Arkan plans to invest in Morocco

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Saudi Arabia’s Dar Al-Arkan plans to invest in Morocco./Ph. DR

Dar Al-Arkan Real Estate (DAAR), a Saudi Arabian property development company and one of the largest developers by market value in the Asian country, is considering investing in Morocco ; its president Youssef al-Shelash told the British news agency.

Headquartered in Riyadh and founded in 1994 by six families operating in the business community, the company is aimed at meeting the increased housing demand of the Saudi population.

The real estate firm has a portofolio of 800 million dollars, nearly 7 billion dirhams.

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