Saudi mega-developer Dar Al Arkan makes a move into Oman just days after Qatar entry

Saudi mega-developer Dar Al Arkan makes a move into Oman just days after Qatar entry

Dubai: Saudi Arabia’s biggest developer, Dar Al Arkan, has nailed the final piece of its Gulf expansion, launching a project in Oman and adding on to recent announcements in Dubai and Qatar. “These are the three Gulf markets that have established themselves with global and expat investors – and we are there now,” said Ziad El Chaar, Vice-Chairman. “If Dubai is the business and tourism hub, Qatar’s push is centred around sports and education, and Oman is about offering an escape from all that hurly-burly. Now, we are there in each key market.” Dar Al Arkan will unveil its Oman project on Thursday (March 24). The upscale residential project is located just outside of the capital Muscat. “Oman remains one of the hidden gems, and very few realise its actual potential,” said El Chaar. “We want to change that.” Late last week, the Saudi developer announced its first project in Qatar, at the Qetaifan Island North in Lusail City. “Our location is on newly reclaimed islands alongside the Pearl Qatar,” he added. “The Qatari authorities are building it up as an entertainment destination, with a hotel and water parks. “We have got five of the best plots there, facing the