Riyadh, Saudi Arabia: Dar Al Arkan, Saudi Arabia’s leading real estate company, is moving ahead with its development projects, Sidra, its exclusive holiday and accommodation project in Bosnia. As Dar Al Arkan’s first European luxury residential project, Sidra promises homeowners the opportunity to own a second home in a haven of peace and tranquility in a country that is fast becoming the premier investment and outdoor vacation destination. heart of Europe.
As the development plans move forward, the company recently awarded CESTOTEHNIK doo TUZLA in Bosnia the contract for the execution of the complete infrastructure and road works for the entire master plan. The work should be completed in 18 months and will pave the way for the next stages of the real estate project.
Ziad El Chaar, Vice President, Dar Al Arkan Properties, said, “Dar Al Arkan is very committed to moving forward and staying on track with our development plans for Sidra. We are also very fortunate to have gained the trust of the Department of Public Works to deliver the project to the highest standards in conjunction with capable local partners. As a Saudi company, Dar Al Arkan is keen to create closer ties with the real estate and construction sectors and to support local and international investment opportunities as drivers of economic growth in Bosnia. .
Bosnia’s unique western and eastern influences give the country its competitive edge. It is in a privileged position to continue to grow economically, especially with the ongoing reforms that increasingly facilitate foreign investment in many sectors. The exclusive Dar Al Arkan project will further position Bosnia as an attractive real estate investment location by showcasing the high standards and strict adherence to industry best practices to develop globally recognized and valued real estate projects.
Sidra, which means life among forests, covers an area of 500,000 m², making it the largest real estate project in Bosnia. Surrounded by 20,000 native trees, the project will offer a gated community of high quality villas and residential land designed for modern living, in an area rated as one of the healthiest and cleanest in the Balkans.
In addition to a variety of residential options, Sidra will offer first-class amenities, restaurants and cafes, shops and supermarkets, a community mosque, a clubhouse and a five-star hotel. Sidra is also strategically located to a wide range of attractions including natural caves, rivers, nature reserves and parks, making it the perfect home away from home.
About Dar Al Arkan properties:
Dar Al Arkan Properties is the real estate development arm of Dar Al Arkan Real Estate Development, a 26-year-old public limited company listed on the Saudi Stock Exchange (Tadawul). Based in Riyadh, Saudi Arabia, Dar Al Arkan plays is today the largest developer in the Kingdom of Saudi Arabia. Dar Al Arkan Properties is focused on developing elegantly designed residences and thriving shopping malls in central locations across the Kingdom. With a delivery history of 15,000 residential units and over 500,000 square meters of commercial space, Dar Al Arkan Properties is rapidly growing its portfolio across the Kingdom and expanding its international footprint to Dubai and Bosnia. www.daralarkan.com