2019 CW Power 100: Yousef Al Shelash of Dar Al Arkan, ranked #40
Chairman of Saudi Arabian real estate developer returns to Construction Week Power 100 ranking
Dar Al Arkan, the Saudi Arabian real estate company behind the Roberto Cavalli-designed Mirabilia Villas in Riyadh, is led by chairman Yousef Bin Abdullah Al Shelash.
While year-on-year net profits declined at Dar Al Arkan in 2018, revenue increased by more than a third during the same period, the group’s yearly financial results, released in March 2019, revealed.
The company generated $1.7bn (SAR6.4bn) in sales last year, marking 35% growth over 2017’s corresponding figure of $1.2bn (SAR4.7bn).
Dar Al Arkan is currently working on Dubai’s I Love Florence Tower, the interiors for which have also been designed by Italian fashion house Roberto Cavalli.
Check out the 2019 Construction Week Power 100 issue here.