ROSHN Group, Dar Al Arkan sign $57m deal

ROSHN Group signing a sale and purchase agreement with partner developer Dar Al Arkan. (SPA)
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Updated 15 April 2024
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ROSHN Group, Dar Al Arkan sign $57m deal

  • Dar Al Arkan to acquire and develop residential villas in SEDRA 1A

RIYADH: ROSHN Group, Saudi Arabia’s leading national real estate developer, signed a SR215 million ($57.3 million) sale and purchase agreement with partner developer Dar Al Arkan, the Saudi Press Agency reported.

Under the agreement, Dar Al Arkan will acquire and develop residential villas in SEDRA 1A, which is in northern Riyadh.

ROSHN’s latest collaboration with a Saudi developer is part of the company’s overall strategy to team up with best-in-class entities in a variety of domain-specific services.
 


New wave of drone attacks on Saudi Arabia neutralized: Defense Ministry

Updated 17 min 31 sec ago
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New wave of drone attacks on Saudi Arabia neutralized: Defense Ministry

RIYADH: The Saudi Ministry of Defense said Sunday that the Kingdom's air defenses has stopped new wave of drone attacks.

Ministry spokesman Major General Turki Al-Maliki said in separate posts on X that seven drones were intercepted and destroyed east of the national capital, Riyadh city, while eight drones were shot down just after entering Saudi air space.

The new threat follows Saturday’s relentless missile and drone threats, all of which were “intercepted and destroyed.” 

According to the ministry, 21 drones headed toward the Shaybah field in the Rub’ al-Khali desert, also known as the Empty Quarter, were shot down before reaching their target.

Five ballistic missiles fired at separate times of the day were likewise intercepted,