2020 CW Power 100: Dar Al Arkan's Yousef Al Shelash ranked at 49
Celebrating its silver jubilee in Nov. 2019, the firm has handed over more than 15,000 residential units across KSA
Riyadh-headquartered property development giant Dar Al Arkan, led by Yousef Bin Abdullah Al Shelash, has had a significant impact on the kingdom’s real estate sector.
Celebrating its silver jubilee in Saudi Arabia in November 2019, the firm revealed that it has handed over more than 15,000 residential units across KSA and owns more than 500,000m2 of luxury retail space.
Dar Al Arkan is implementing projects covering a combined area of 12.4km2, which include Shams Al Riyadh, Shams Al Arous in Jeddah, and the Juman project near Dammam. Dar Al Arkan’s assets total $6.92bn (SAR26bn), with revenues of $4.65bn (SAR17.5bn) achieved over the past five years.
In addition, the company is also leveraging advanced technology, including blockchain; big data; artificial intelligence (AI); and smart home technologies equipped with security, self-maintenance, and energy efficiency systems.
The Saudi Arabian real estate giant is best known for its Roberto Cavalli-designed Mirabilia Villas in Riyadh, as well as the I Love Florence Tower in Dubai, which is also designed by the fashion connoisseur.
To view the full 2020 Construction Week Power 100 ranking, click here.