Saudi Arabia-based developer Dar Al Arkan has commenced work on its first European luxury residential project, Sidra.
Sidra is a vacation and housing project in Bosnia.
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Encompassing an area of 500,000m2, Sidra is expected to become the largest single real estate project in the Balkan nation, claimed Dar Al Arkan.
The $133m project will feature 20,000 local trees and offer a gated community of villas and residential plots.
The Sidra project will feature restaurants and cafes, shops and supermarkets, a community mosque, a clubhouse, and a five-star hotel.
Its location is close to a wide range of attractions including natural caves, rivers, and natural reserves and parks.
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By GlobalDataDar Al Arkan Properties vice chairman Ziad El Chaar was quoted by TradeArabia as saying: “We are very adamant about moving forward and remaining on track with our development plans for Sidra. We’re also very fortunate to have gained the trust of the Ministry of Public Works to deliver the project based on the highest of standards in collaboration with skilled local partners.
“As a Saudi company, Dar Al Arkan is eager to create deeper ties to the real-estate and construction sectors and support local and international investment opportunities as drivers of economic growth in Bosnia.”
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Image: The $133m project will offer a gated community of villas and residential plots. Credit: Wayne Harrison from Pixabay.
