Al Arkan Construction LLC is a quickly developing, amazing level development organization, having its Head Office in Muscat. Al Arkan is primarily associated with the development of private structures, business structures (elevated structure, lodgings, schools, mechanical structures) and private manors.
Al Arkan has effectively given over numerous renowned private and business structures extends in and around Muscat territory. Our customer’s rundown incorporates government bodies, corporate and private engineers.
More About Al Arkan Construction LLC
Headquartered in Riyadh, it was founded in 1994 by six business families with experience in real estate development in response to housing demand from the rapidly growing Saudi population. Dar Al Arkan Construction LLC is also involved in the acquisition, development, construction, maintenance, demolition, and restructuring of residential and commercial buildings. From July 2002 to January 2004, Dar Al-Arkan operated as a limited liability company with a capital base of $ 140 million (the US $ 37 million).
Dar Al-Arkan increased its capital to SR5.4 billion (US $ 1.4 billion) in 2004 through a private placement in the domestic market, while the shares were converted to a limited partnership. After private placement, In 2005, Dar Al-Arkan was converted into a joint-stock company (ie a company with at least five shareholders, limited to selling their shares (except for one another) and can be listed on the Saudi Stock Exchange for two years). Founding shareholders own 70% of the company. In December 2007.
The organization is being up-scaled to go into mega common tasks in Residential and Commercial Buildings, Industrial, Oil and Gas, control and other infra areas.
AL ARKAN’S VISION
To be the chief and favored Engineering and Construction Company in the GCC locale with an unflinching spotlight on customer’s fulfillment, unmatched quality and on-time conveyance.
AL ARKAN’S MISSION
To constantly improve new strategies and procedures to upgrade profitability and cost aggressiveness. To constantly improve the aggressiveness of our representatives. To be the benchmark against which our rivals are estimated.
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