Saturday, Dec 17, 2011
BEIRUT (Zawya Dow Jones)--Dar Al Arkan Real Estate Development Co. (4300.SA), Saudi Arabia's biggest property developer, said it will open Al Qasr Mall, which will be the largest shopping center in south central Riyadh, in the first quarter of 2012, Saudi-based Al Riyadh daily reports Saturday.
The mall, which the company has developed as part of its Al Qasr project, covers an area of 235,000 square meters and includes more than 300 shops, in addition to restaurant and entertainment areas, the paper reports.
The mall will serve residential districts of about 1 million inhabitants, Abdulrahman Al Dakheel, manager of Dar Al Arkan's property management department, said according to the daily.
Al Dakheel was talking during the signing ceremony of an agreement to rent out nearly 4,600 square meters of Al Qasr Mall to Saudi Co. for Hardware and Tools, or Saco, which will open a branch there, Al Riyadh reports.
Newspaper website: http://www.alriyadh.com/2011/12/17/article692454.html
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
17-12-11 0744GMT
