Dar Alarkan receives funds for Jeddah project

12 October 2011: Saudi Arabia's largest property developer, Dar Alarkan, receives funds for the project. The kingdom's Public Investment Fund has approved a SR4bn ($1bn) facility to finance the Qasr Khozam development project in Jeddah. This funding will contribute to the project by accelerating the development operations and pushing ahead to the next phase of sending evacuation notifications, the compensation and transfer of ownership of the properties located in the project area.

Source:Ameinfo