Dar Al-Arkan seeks licensing for 3 projects in Riyadh

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Mubasher: Dar Al Arkan has announced that it has submitted a request to ETMAM, the Developers Services Centre at the Saudi Ministry of Housing, for the accreditation of three comprehensive development projects in Shams Al Riyadh, totaling over 1.936 million square meters.

The company also applied for the issuance of off-plan sales license for projects under construction in Shams Al Riyadh, according to a statement on Saturday.

The new plans involve three zones in the iconic Shams Al Riyadh development, which is strategically located on King Khalid Road.

The comprehensive development in Zone 1 will be built over an 849,000 square metres area. The Zone 3 masterplan covers 449,000 and Zone 5 involves a 638,000 square metres area. Shams Ar Riyadh incorporates residential, commercial, and mixed-use spaces, overlooking the stunning views of Wadi Hanifa.

The company’s chairman, Yousef Bin Abdullah Al Shelash said “We are pleased to be part of the ETMAM initiative and have submitted 3 projects in RIYADH for its processing. We are confident that with the introduction of ETMAM, the overall approval for new projects will be accelerated to the benefit of all developers and stakeholders.

“This step will further shape the development of Shams Ar Riyadh to support a thriving residential and business community. Working together with ETMAM, we can transform the new zones into distinct holistic, sustainable communities with active and vibrant lifestyles,” he added.

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