Qetaifan Projects, Saudi-based Dar Al Arkan sign QR700m MoU to develop sea-front projects – The Peninsula Qatar
- Date: 19-Oct-2021
- Source: The Peninsula Qatar
- Sector:Real Estate
- Country:Saudi Arabia
Qetaifan Projects, Saudi-based Dar Al Arkan sign QR700m MoU to develop sea-front projects – The Peninsula Qatar
Sheikh Nasser bin Abdulrahman Al Thani (third right), Managing Director of Qetaifan Projects and Ziad El Chaar (fourth left), Vice Chairman of Dar Al Arkan Properties, and other officials during the MoU signing ceremony, on the sidelines of Cityscape Qatar 2021, yesterday. PIC: Salim Matramkot
Doha: Qetaifan Projects, a leading Qatari real estate development company owned by Katara Hospitality, and Dar Al Arkan Real Estate Development, a leading developer in Saudi Arabia, yesterday signed a QR700m worth of agreement to develop premium sea-front projects on Qetaifan Island North.
The MoU includes the development of a QR300m project, which consists of five South Marina Promenade plots overlooking the Qetaifan Island South and the South Marina Promenade, and another project worth QR400m.
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