Saudi developer Dar Global eyes $300 million investment in US expansion

NEW YORK, June 27 (Reuters) – Saudi property developer Dar Global (DARD.L), opens new tab plans to invest $300 million in New York, Miami and Los Angeles in the coming months as it seeks partners to develop luxury homes the United States.

London-listed Dar Global hopes to announce its latest development in the United States before the year-end, said Ziad El Chaar, Dar Global’s chief executive officer. He said Dar Global has been meeting with top real estate developers, but declined to identify the firms with whom it might partner.