Mr. Al Dakheel: the concept of residential neighborhoods undergoes the quality of services provided
Dar Al Arkan Real Estate Development Company has signed a Memorandum of Understanding with Abdulmuhsin Al Hokair Tourism and Development Group whereby the latter leases, for ten years, an 8,000 square meters space at Alqasr project's mall developed by Dar Al Arkan in Riyadh city. The leased space will by used exclusively for establishing a world-class amusement and electronic games park.
The Memorandum was signed on the sidelines of the Saudi Travel and Tourism Investment Forum 2011 organized under the theme of: "Tourism for all - a partnership for a sustainable development". The Memorandum was signed by Mr. Abdulrahman Al Dakheel, Head of Property Management, on behalf of Dar Al Arkan, and Mr. Majid Al Hokair, CEO, on behalf of Abdulmuhsin Al Hokair Group.
Mr. Abdulrahman Al Dakheel cited that the signing of this Memorandum comes within the context of Dar Al Arkan's strategy to attract major companies and service providers to serve the inhabitants of Alqasr project and adjacent neighborhoods, denoting the concept of comprehensive urban development that goes beyond the mere development of residential neighborhoods to the quality of services provided for their inhabitants which provides for all economic, social, psychic, health and security prerequisites.
Moreover, Mr Al Dakheel expressed his pleasure for the presence of Al Hokair Group with its extensive expertise extending over three decades in tourism and amusement industry in Alqasr Mall which targets the project's twenty to twenty five thousand residents adding to one million commuters living in the proximity. Mr. Al Dakheel considered the signing of the Memorandum of Understanding an important step towards the establishment of partnership between the two outstanding trading brands in the Kingdom and Gulf area. He further added that Al Hokair Group is an esteemed company in tourism and amusement industry in the Middle East extending its investments in that sector over many Arab countries, serving more than ten million visitors per annum.
The area to be occupied by Al Hokair Group's park at Alqasr Mall, according to Mr. Al Dakheel, will include the first indoor snow village of its type in Riyadh city that will be an exciting place for the pleasure of the mall shoppers, adding to a wide range of games and other means of attraction.
Mr. Al Dakheel ensured that the inauguration of Alqasr Mall which accommodates "Al Hokair", "Carrefour" and other giant companies with their renowned brands, will signify a vital trading event in the city of Riyadh. This, he believes, is part of Dar Al Arkan's plan to make Alqasr Mall a center of attraction for families and shoppers of different ages and nationalities.
Mr. Al Dakheel stated that Dar Al Arkan is developing Alqasr Mall on an area of 235,000 square meters in Alsuweidi district in the center of Riyadh, an area that suffers of a scarcity of central shopping facilities of a quality, where the areas of southern and western Riyadh have a roam for only 15% of the totality of shopping centers in the capital city of Saudi Arabia, whereas the north and east of the city are served by 85% of those centers.
Alqasr Mall, which consists of three upper stories, accommodates more than 300 stores, restaurants' area, family amusement area of 10,000 square meters, in addition to a two-storey parking area with a capacity of 2,000 vehicles. The mall will also have eight see-through glass elevators. The mall facades are creatively well-designed and equipped with moving lightening devices that allow for advertisement on a four-hundred meters panel. Furthermore, the mall has wide corridors of 9 to 18 meters, and equipped with the most advanced security and safety devices arranged with the most outstanding specialized world companies.
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© Press Release 2011
