Search by Popular Categories


  • Consumer

  • Commercial

  • Construction

  • Industrial

  • Oil & Gas

  • DIAMOND SPONSOR

CONSTRUCTION NEWS

Roshn to deliver first Riyadh community homes in 2022

Feb 28, 2021 9:26 AM

Roshn a leading Saudi real estate developer powered by Public Investment Fund (PIF) is planning to start off-plan sales at its flagship project in Riyadh later this year with the handover of the first...

Roshn, a leading Saudi real estate developer powered by Public Investment Fund (PIF),
is planning to start off-plan sales at its flagship project in Riyadh later this year, with the handover of the first homes likely in early 2022, reported Arab News.
 
Roshn Riyadh, which is coming up on a 20-million-sq-m area near King Khalid International Airport, will boast more than 30,000 homes.
 
Conveniently located close to the city’s main attractions, key highways and transportation links, Roshn Riyadh is the first community as part of the Saudi developer's mandate to build communities across the kingdom.
 
The project boasts contemporary homes that fuse modern design with a celebration of the capital’s rich heritage in addition to mosques, retail and F&B outlets, parks, schools and leisure and entertainment facilities. 
 
Roshn was launched last August by the kingdom's wealth fund to deliver quality residential neighbourhoods to Saudi nationals as part of its commitment to supporting the Kingdom’s Vision 2030 goal of increasing the rate of homeownership in the country to 70 per cent.
 
"Our communities are entirely inclusive, with homes to suit all tastes and budgets. Our aim is to provide a modern, aspirational living experience while giving residents the freedom to interpret what this means to them in their own unique way," stated Roshn’s Group CEO David Grover .
 
"The project’s first phase involves 4,000 homes that will become available for sale by the middle of this year," he noted.
 
"Roshn’s customer experience center is expected to be ready in Q1 2021, while the handover process of homes will start in early 2022. Construction is planned to be completed by Q4 2023," he added.

Premium Partners - construction

CONSTRUCTION NEWS

Ayesa wins $102.5m water project in KSA its largest to date Mar 28, 2024 14:14 PM

Ayesa a leading global provider of technology and engineering solutions...

ROSHN signs MoU with Commvault to boost cybersecurity Mar 28, 2024 13:14 PM

ROSHN Group the PIF-owned giga-project and Saudi Arabia s most trusted...

$640m Al Rayis-Rabigh water pipeline project achieves financial close Mar 28, 2024 12:40 PM

Saudi Water Partnership Company has announced the financial close...

Red Sea International posts $367m revenue; achieves turnaround Mar 28, 2024 12:00 PM

Red Sea International (RSI) a market-leading integrated building...

Sedar Global opens two new locations for March 2024 Mar 25, 2024 16:49 PM

Wall covering and window interior specialist for over 135 years...

Saudi Arabia's industrial production index rises in January Mar 24, 2024 10:38 AM

The Saudi Industrial Production Index (IPI) recorded 103.3 points...