Dar Al Arkan Announces Strategic Partnership With Compass Project Consulting To Establish an Integrated Real Estate Development Consultancy
Dar Al Arkan and Compass Project Consulting have established a partnership to build one of the most progressive real estate development consultancies in Saudi Arabia and the GCC. For the first time, a leading Saudi developer will be bolstering a regional Project Management Consultancy, enhancing property acquisition, development and supervision offerings.
Ziad El Chaar, Vice Chairman of Dar Al Arkan properties, said: “We are extremely proud of this progressive partnership which brings together two industry leaders who are best in their field. This will allow for Dar Al Arkan to power Compass with expert development insight and the opportunity to reach new heights. Dar Al Arkan will provide development, procurement, business development services for the new partnership.”
Nawfal Khudairy, Chairman of Compass, said: “This strategic partnership is in line with our continued aspirations and will enhance Compass’ offering of developer-led services to its clients. The partnership will allow both parties to work together across the region, end-to-end, bringing in high return on equity and attracting top line projects.”
Luke Somerville, Managing Director of Compass, shared: ‘’With our core values at the epicentre of all we do, evolution in creating a world-class ecosystem of competencies for our clients and Team has led us to choose to partner with Dar Al Arkan, one of the region’s most influential and innovative developers, to further amplify our next growth chapter. With new services, sectors and coverage to be announced in the near future, together, we are building a true cohesive partnership with the aligned vision of enhancing built-environments and ultimately communities.’’
Based in Riyadh (KSA), Dar Al Arkan is a public shareholding company listed on the Saudi Stock Exchange (Tadawul). With SR10.8 billion in capital and SR26 billion in assets, we are one of the leading real estate companies in the Middle East.