As a part of its Gulf expansion, Dar Al Arkan, the largest property developer in Saudi Arabia, is set to mark its presence in Oman with an agreement with the Oman Tourism Development Company.
Under the agreement, Dar Al Arkan will develop ‘AIDA’, a premium, mixed-use project nestled within the master plan of Yiti Integrated Tourism Development.
Widely touted to be one of the largest urban developments in Oman, the Yiti Integrated Tourism Development extends to a total area of over 11 million square kilometers.
“Oman remains one of the hidden gems, and very few realize its actual potential. We want to change that,” said Ziad El Chaar, vice chairman of Dar Al Arkan.
Earlier, Dar Al Arkan had announced its new expansion plans in Qatar and Dubai.
“If Dubai is the business and tourism hub, Qatar’s push is centered around sports and education, and Oman is about offering an escape from all that hurly-burly. Now, we are there in each key market,” added El Chaar, Gulf News reports.
The new project in Oman will be located just outside of the capital Muscat.
Dar Al Arkan’s project in Qatar is located at the Qetaifan Island North in Lusail City. The developer is planning to build this project as an entertainment destination to include hotels and water parks.