Center Point and Five Other World Brands Present at Alqasr Mall
Dar Al Arkan Real Estate Development company announces that it has signed, among a recent series of agreements, a new five-year renewable agreement with Dar Al Bandar International Trading Group, one of the outstanding companies in fashion and retail trade in the Kingdom, whereby the Group leases a 10,000 square meters space in Alqasr Mall of Al Qasr project developed by DAAR in Riyadh city.
According to the agreement, signed by Mr. Abdulrahman Al Dakheel manager of Property Management Dept, on behalf of Dar Al Arkan, and Mr. Abdullah Al Ahmad, CEO, on behalf of Dar Al Bandar Group, the Group will showcase its world brand products, including Center Point, Iconic, City Max, Shoe Express, Bossini and Carpisa at Al Qasr Mall.
Mr. Al Dakheel described the success achieved by Dar Al Arkan to cause the presence of the big local and international companies in Al Qasr Mall, the biggest shopping center in the mid-south of Riyadh city and one of the biggest trading centres in Riyadh in terms of leased space, emphasizing that this step and others taken previously come under the company's strategy targeting the provision of the best world brands and integrated luxurious services for the residents of a neighborhood where such type of shopping centers is rare. Moreover, Mr. Al Dakheel highlighted the company's strategy which aims to boost its income-generating assets with the objective of achieving sustainable financial resources that secure liquidity and enhance company's credit stance. He ensured the attainment of a conspicuous success that will enable the company to push ahead with the implementation of its mega development projects.
Mr. Al Dakheel considered the Dar Al Bandar input as an additional appealing element that will revive the mid-southern area of Riyadh, given the world brands that would be marketed by the Group. By this, in the words of Mr. Al Dakheel, Dar Al Arkan has acquired a new strategic partner beside its other success partners.
Mr. Abdullah Al Ahmad, CEO of Dar Al Bandar International Group, on the other hand, said that its Group is in enfranchisement of many world brands like Center Point, City Max, Iconic and Home Center beside many other world brands that are highly demanded by consumers. Mr. Al Ahmad ensured the concern of the Group to cater to all social strata, specially in the densely populated areas, and to be present in the trading centers with alluring investment opportunities. In this regard, he favorably valued the strategic location and modern features of the mall outfitted for the comfort of the shoppers that will make it one of the most prominent trading centers in the city of Riyadh.
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© Press Release 2011
