DAR Dubai Board Inspects Progress at "Riyadh Investment Park" Infrastructure

DAR Dubai Board Inspects Progress at Riyadh Investment Park Infrastructure

Riyadh, Saudi Arabia – 5/5/2015 – The Board of Directors of DAR Dubai, the joint venture between RED House and Dubai Investments, today conducted a comprehensive inspection of the ongoing infrastructure works at Riyadh Investment Park. The delegation included Mr. Khalid Kalban, CEO of Dubai Investments, Mr. Mazen Beaini, Chairman & CEO of RED House, Sheikh Mohammad Al Twaijri, and Mr. Musaed Al Sarra. They were accompanied by Mr. Sanjay Vig, Managing Director of Al Mal Capital.

The inspection revealed significant progress, with the main roads network and road lights nearing completion. This advancement is a testament to DAR Dubai's proactive strategy: the project developer decided to proceed with the infrastructure works to optimize the timeline, even while DAR Dubai was actively engaged in structuring and establishing a dedicated private equity fund. This fund is set to own the project and regulate its execution, ensuring robust financial backing and streamlined development for this landmark investment park.