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Dar Al Arkan Signs 15-Year Amusement Park Lease, Riyadh Reports

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Feb. 4 (Bloomberg) -- Dar Al Arkan Real Estate Development Co., a Saudi Arabian property company, signed a 15-year lease with Al Othaim Real Estate Investment and Development, Al Riyadh reported, citing Dar Al Arkan’s Chairman Yussif El-Shalash.

Al Othaim Real Estate rented 10,000 square meters to establish an amusement park in Al Qasr Mall, a commercial facility developed by Dar Al Arkan in western Riyadh, the newspaper said, citing El-Shalash.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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