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FINANCIAL NEWS
Saudi Dar Al Arkan, Al Othaim to create Alqasr Mall
06 Feb 2012
(MENAFN) Saudi Dar Al Arkan inked an agreement with Al Othaim Investment and Real Estate Development Company to create the first indoor snow village in Saudi Arabia, Arabian Business reported.
The agreement, for fifteen years, will see Al Othaim create Alqasr Mall in Riyadh on a 10,693 sqm area, on the style of the Ski Dubai attraction in the UAE.
The indoor ski park will be part of a Safori Land recreation concept being developed at the mall, the statement added.
Yousef Al-Shalash, chairman of Dar Al Arkan, said that the company accomplished the lease of more than 75 percent of the mall leasable area.
The Alqasr Mall is set to launch in the second quarter of 2012, the statement added.
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