Dar Al Arkan, a leading Saudi real estate development company, has announced the launch of its first European residential project at Bosnia and Herzegovina.

The 500,000-sq-m luxury development will be coming up within a stunning forest just 30 minutes from the country's capital, Sarajevo. The project is slated to break ground in the early part of 2021.

The company has already secured the municipal and federal approval for the project, which is set to be the largest single real estate project in Bosnia and Herzegovina.

Announcing the launch, Chairman Yusuf bin Abdullah Al Shalash said: "Today, Dar Al Arkan has placed a golden opportunity into the hands of investors. Bosnia and Herzegovina is a cultural destination with an authentic history, traditions and a wonderful natural environment."

"The country is growing in popularity, so this is a perfect investment for those wishing to be part of the country's developing luxury tourism and hospitality sector," he stated.

"This will be a wonderful haven for those wishing to relax within a private, second-home gated community surrounded by luxury facilities and services. We believe the development will attract both Bosnian and international investors," he added.

Dar Al Arkan said the project will incorporate contemporary villas inspired by local architecture and feature stylish interiors that harmoniously blend with the spectacular views.

Facilities will include a clubhouse, a hotel and spa, a gym, food and beverage outlets and a children's playground, it added.-TradeArabia News Service

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