This will be the first project development and supervision consultancy in Saudi Arabia backed by one of the region’s largest real estate developers and Compass Project Consulting
Saudi Arabia-based real estate development firm Dar Al Arkan and Compass Project Consulting have established a partnership to build the most progressive real estate development consultancy in Saudi Arabia and the GCC.
For the first time, a leading Saudi developer will be bolstering a regional project management consultancy (PMC), enhancing the property acquisition, development, and supervision offerings.
Commenting on the deal, the vice chairman of Dar Al Arkan properties, Ziad El Chaar, 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.”
Reactions from Compass Project Consulting
The Chairman of Compass, Nawfal Khudairy, said: “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.”
The managing director of Compass, Luke Somerville, said: “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.’’
From left – Nawfal Khudairy, chairman of Compass; Luke Sommerville, managing director of Compass; and Ziad El Chaar, vice chairman of Dar Al Arkan Properties