Compass Project Consulting and developer Dar Al Arkan announce strategic partnership
Saudi developer will provide development, procurement, and business development services as part of the partnership
Compass Project Consulting has announced a strategic partnership with Dar Al Arkan, which will see the establishment of what’s billed as the Kingdom’s first integrated real estate development consultancy.
For the first time, a Saudi developer will be bolstering a regional project management consultancy, enhancing property acquisition, development and supervision offerings, a statement from Compass said.
“We are extremely proud of this progressive partnership which brings together two industry leaders who are best in their field. This will allow for Dar Al Arkan to power Compass with expert development insight and the opportunity to reach new heights. Dar Al Arkan will provide development, procurement, business development services for the new partnership,” explained Ziad El Chaar, vice chairman of Dar Al Arkan Properties.
Nawfal Khudairy, chairman of Compass added, “This strategic partnership is in line with our continued aspirations and will enhance Compass’ offering of developer-led services to its clients. The partnership will allow both parties to work together across the region, end-to-end, bringing in high return on equity and attracting top line projects.”
Luke Somerville, managing director of Compass concluded, “With our core values at the epicentre of all we do, evolution in creating a world-class ecosystem of competencies for our clients and team has led us to choose to partner with Dar Al Arkan, one of the region’s most influential and innovative developers, to further amplify our next growth chapter. With new services, sectors and coverage to be announced in the near future, together, we are building a true cohesive partnership with the aligned vision of enhancing built-environments and ultimately communities.’’
