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DAR AL-ARKAN REAL ESTATE DEVELOPMENT CO. Presentation on Regional Expansion of Property Management By: Ayman Sejiny – Advisor of the Chairman Washington DC, 17 th March 2006.
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DAR AL-ARKAN REAL ESTATE DEVELOPMENT CO. Presentation on Regional Expansion of Property Management By: Ayman Sejiny – Advisor of the Chairman Washington DC, 17th March 2006
Residential product represents 70% of the whole sector. Attention is required. Demand: 4.5 residential unites within 15 years or 300 thousand p.a. value USD 28 Billion. Supply: 33% 100 thousand unites p.a. USD 9.2 Billion Industrial Commercial Services Tourism Lands Religious Tourism Real Estate Sector Residential
Conditions required to satisfy market demands Availability of Investment Mechanisms Increase Affordability Capable Developers Residential DAR AL-ARKAN
Project Finance Lands Research Centers Designers & Planners Mortgage Options Contractors Marketing Operation & Maintenance Required Activities that form integral part of Development Developer
Established in 1993, as a real estate developer targeting the rapidly growing demand for residential developments, in an environment calling for better quality and affordable prices. Achieved vast geographic expansion across the Kingdom, serving the needs of the medium-income sector. Has a unique team of over 500 highly qualified and experienced employees, including 175 engineers. Dar Al-Arkan
Established in cooperation with investment banks, real estate funds, and is currently in the process of preparing a funding portfolio in cooperation with local banks. PPF: Progress Payment Financing Achieved an “A-” classification rating from “Capital Intelligence”, specialized in financial assessment. In contact with IFC – World Bank for the issuance of MBS. Commercial Industrial Services Tourism Real Estate Sector Lands Religious Tourism Residential Conditions required to satisfy market demands Availability of Investment mechanisms Increase Affordability Capable Developers DAR AL-ARKAN Availability of Source of Funding & Investment Mechanisms
Working with Bearing Point and World Bank for the development of the real estate mortgage market in the Kingdom. Performs extensive value engineering studies to all projects, for the purpose of reducing cost and optimizing facility utilization, yet retaining high quality standards, to suit tenants affordability. Commercial Industrial Services Tourism Real Estate Sector Lands Religious Tourism Residential Conditions required to satisfy market demands Availability of Investment mechanisms Increase Affordability Capable Developers DAR AL-ARKAN Increasing Affordability
Committed to turnkey (overall) development concept, starting from selecting suitable sites, land development, and ending with building housing units for the entire project. Holds the largest market share in the housing market in the Kingdom of Saudi Arabia. Entered into agreements with several local and international specialist consultancy firms. The first Saudi real estate development company to obtain the ISO 2000, 9001. Commercial Industrial Services Tourism Real Estate Sector Lands Religious Tourism Residential Conditions required to satisfy market demands Availability of Investment mechanisms Increase Affordability Capable Developers DAR AL-ARKAN Dar Al-Arkan as a Developer
A Strategic Alliance • A strategic alliance with Turner Construction International for project management, whereby Turner manages Dar Al-Arkan’s projects, and develops a corporate management plan, with a view to improve performance and create integrated systems and procedures within Dar Al-Arkan’s organization.
Five-Year Development Program According to the company’s 5-Year plan, the total value of investment in the housing market is expected to exceed 36 billion Saudi Riyals.