Dar Al Arkan, Saudi Arabia-based property developer, has opened its office in Beijing, China, in line with its international expansion strategies.
The Beijing office of Dar Al Arkan will offer multiple services to allow joint ventures between the Saudi Arabian firm and leading Chinese real estate developers for both countries. The new office is anticipated to further increase collaboration between Saudi Arabia and China and thus boost investment opportunities.
Dar Al Arkan recently appointed Mr. Guo Jiancheng as General Manager for its Beijing office to lead the company’s operations in China. The office will primarily facilitate cooperation and partnerships within the real estate and technology sectors to exchange and implement global best practices in these respective industries.
Commenting on the new office, Mr. Jiancheng stated, “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.”
The Beijing office will act as a hub to support Chinese companies and investors seeking
expansion, company formation and investment opportunities in the Kingdom. By offering access to required information, permits, legal and financial knowledge, as well as support on partnerships and other requirements, the company aims to make entry into the Kingdom more accessible.
Similarly, 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 has embarked on a global expansion drive starting 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 association with luxury fashion brand, Missoni, and hypercar manufacturer, Pagani Automobili, respectively. The company has also announced expansion into the Qatari and Omani markets through premium residential and commercial projects.
