Dar Global, an international luxury real estate developer listed on the London Stock Exchange, has entered into a high-level strategic engagement in China, ramping up its efforts to expand cross-border investment partnerships as Saudi Arabia’s real estate market opens up to foreign non-resident investors.
The delegation held senior-level meetings with major real estate developers, engineering groups and contract partners in Beijing, Shenzhen and Shanghai, with a focus on advancing cooperation in line with Saudi Arabia’s ongoing economic transformation. As Saudi Arabia’s largest trading partner, China is a natural strategic partner as international capital expands access to the kingdom’s real estate market.
Discussions centered on the possibility of investment participation in Saudi Arabia’s newly accessible real estate sector, as well as mutual opportunities for strategic cooperation within China.
The initiative highlighted a strong mutual interest in a long-term partnership that brings Chinese expertise and capital to high-growth development across the Kingdom.
The main highlight of the visit was Dar Global’s engagement around the Hainan Free Trade Port (FTP). Hainan Free Trade Port is currently operating as a full-fledged customs zone with expanded special customs operations and zero-tariff measures for goods and services across the island. FTP provides a highly competitive regulatory and tax environment aimed at attracting global investment and accelerating Hainan’s emergence as a major international trade and economic center.
Leveraging FTP’s preferential policies, Dar Global sought to create real estate-related investment opportunities for its global investor base spanning over 115 nationalities and participate in selected promising projects in Hainan Province.
Commenting on the important China mission, Ziad El Shaar, CEO of Dar Global, said: “Our commitment to China reflects Dar Global’s long-term strategy of building meaningful partnerships with global markets that share our outlook on growth, scale and opportunity. The strong interest we have encountered in Beijing, Shenzhen and Shanghai highlights the alignment between China’s investment ambitions and the unprecedented momentum unfolding in Saudi Arabia’s real estate sector.”
Dar Global will build on these discussions to advance selected partnerships and joint initiatives that leverage the complementary strengths of both markets, supporting increased investment flows and cross-border cooperation. -TradeArabia News Service
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