logo
Saudi ROSHN Group Named One of World's 25 Most Powerful Real Estate Brands by Brand Finance

Saudi ROSHN Group Named One of World's 25 Most Powerful Real Estate Brands by Brand Finance

Asharq Al-Awsat13 hours ago

ROSHN Group, a subsidiary of Saudi Arabia's Public Investment Fund (PIF), has been ranked among the 25 most powerful real estate brands in the world by Brand Finance, a leading global brand valuation consultancy. This marks the first time a Saudi real estate company has achieved this recognition.
Brand Finance valued ROSHN Group at over $1 billion, citing its strong financial and commercial performance, as well as its ambitious strategic and marketing initiatives.
The company's newly launched corporate identity reflects its expanded focus, which now includes hospitality, sports, residential and commercial development, and the retail sector.
The report commended ROSHN's commitment to innovation and sustainability, along with its pivotal role in advancing national development goals in line with Saudi Vision 2030.
Surpassing the $1 billion brand value milestone is seen as a clear indication of ROSHN's growing impact and its strategic contribution to the future of real estate development in the Kingdom.
Last month, ROSHN was also named the highest-ranking real estate brand in Saudi Arabia and recognized as the best-performing new brand in the region.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Saudi Arabia imposes anti-dumping duties on stainless steel imports from China, Taiwan
Saudi Arabia imposes anti-dumping duties on stainless steel imports from China, Taiwan

Arab News

time33 minutes ago

  • Arab News

Saudi Arabia imposes anti-dumping duties on stainless steel imports from China, Taiwan

RIYADH: Saudi Arabia is set to impose final anti-dumping duties on imports of steel and stainless steel pipes originating from China and Taiwan, effective June 30, for a period of five years. The duties, issued by the Chairman of the Board of Directors of the Kingdom's General Authority of Foreign Trade Majid Al-Qassabi, specifically target pipes with longitudinally welded circular sections, according to a statement. This reflects Saudi Arabia's goal to enhance the competitiveness of national products, attract investment, and foster new industries, ultimately contributing to the Kingdom's Vision 2030 goals. It also aligns with the fact that Saudi Arabia's real gross domestic product grew by 3.4 percent in the first quarter of 2025 compared to the same period in 2024, according to estimates by the General Authority for Statistics. In terms of duty rates, the newly released statement said: 'People's Republic of China: ranged from 6.5 percent to 24.6 percent of CIF (cost, insurance, and freight) value not less than 1.750 to 4.111 per kilogram.' It added: 'Taiwan: ranged from 23.7 percent to 27.3 percent of CIF value, not less than 2.822 to 3.141 per kilogram.' The Zakat, Tax, and Customs Authority has been directed to implement and collect duties ranging from 6.5 percent to 27.3 percent, depending on the manufacturer, as detailed in the official announcement, the Saudi Press Agency reported. 'The measure follows the final results of an investigation launched on May 2, 2024, after the local industry submitted a formal complaint. The investigation was conducted in accordance with the Law of Trade Remedies in International Trade and its executive regulations, designed to protect the domestic market from unfair trade practices such as dumping,' SPA said. It added: 'GAFT emphasized that this step is part of broader efforts to safeguard national industries, enhance the Kingdom's position in global trade, and contribute to the country's economic growth.' The Kingdom's anti-dumping duties aim to protect domestic industries from unfair trade practices by foreign exporters. Specifically, they seek to protect local businesses from the adverse effects of dumping and subsidized imports. These measures also help prevent surges in imports that could harm domestic industries and protect Saudi exports from similar trade-remedy measures imposed by other countries. In June 2024, ZATCA relaxed the temporary admission regulations for heavy machinery and equipment. This policy change benefits international contractors working on major infrastructure projects by reducing customs duties on temporary imports and eliminating the need for frequent renewals, thereby facilitating smoother and more cost-effective project execution.

Saudi Arabia, China sign deal to boost cultural collaboration
Saudi Arabia, China sign deal to boost cultural collaboration

Arab News

timean hour ago

  • Arab News

Saudi Arabia, China sign deal to boost cultural collaboration

RIYADH: The Ministry of Culture and the China-Arab Cultural and Tourism Cooperation Research Center have signed an executive program in Diriyah to enhance cultural collaboration between Saudi Arabia and China. The program, aligned with the 2025 Saudi-Chinese Cultural Year, focuses on joint cultural initiatives, the Saudi Press Agency reported. It was signed by Deputy Minister for Research and Cultural Heritage Affairs Maha Abdullah Alsenan and Cheng Wei, vice president of Beijing International Studies University and member of the joint committee of the China-Arab research center. Both sides will carry out joint research projects to improve the quality of cultural studies and collaborate on identifying and compiling cultural materials from national archives. The ministry will also work with the Chinese to organize joint conferences and facilitate visits and exchanges between cultural researchers to discuss shared cultural topics. The agreement supports research exchange activities, enabling Saudi researchers to visit Chinese universities and research centers and vice versa. It also provides access to cultural experts, supports fellowship programs and offers consultative assistance. This initiative aligns with the ministry's efforts to promote international cultural exchange, a goal of the National Culture Strategy under Vision 2030.

Saudi Arabia pitches $2.5tn mining sector potential to Canadian firms
Saudi Arabia pitches $2.5tn mining sector potential to Canadian firms

Arab News

time3 hours ago

  • Arab News

Saudi Arabia pitches $2.5tn mining sector potential to Canadian firms

JEDDAH: Canadian companies have been presented with exploration opportunities in Saudi Arabia's mining sector during a roundtable in Vancouver. Officials from the Kingdom's Ministry of Industry and Mineral Resources presented investment options to representatives from 25 firms, outlining the goals of the government's Comprehensive Mining Strategy, according to the Saudi Press Agency. The speakers also highlighted the competitive advantages of the Kingdom's investment environment and its ongoing efforts to develop the mining sector, maximizing its contribution to economic diversification. The initiative is part of the Ministry of Industry and Mineral Resources' ongoing efforts to attract high-quality investments to Saudi Arabia's mining sector, with the Kingdom's mineral wealth estimated at around SR9.3 trillion ($2.48 trillion). this effort also includes the Future Minerals Forum, launched in 2022 as an annual international conference where global mining leaders collaborate, share knowledge, and tackle key industry challenges and opportunities. The Vancouver meeting is one of a number set to be held ahead of the fifth edition of the Kingdom's Future Minerals Forum in January, and according to SPA: 'Roundtable participants reaffirmed FMF's vital role in shaping the future of the global mining sector and developing effective solutions to its challenges amid ongoing shifts in the energy and industrial landscapes.' The report added that the ministry also held a seminar with investors in Toronto, where it also presented promising investment opportunities in the Kingdom's mining sector. The meetings build on the momentum of high-level engagement between Canada and Saudi Arabia, including Industry Minister Bandar bin Ibrahim Alkhorayef leading a delegation to Ottawa and Toronto in October to advance bilateral cooperation following the restoration of diplomatic ties in May 2023. The visit also highlighted Saudi Arabia's interest in Canada's expertise in digital financial technologies, geological surveying, and human capacity development, aligning with the Kingdom's efforts to build a knowledge-based, innovation-driven mining sector under Vision 2030. In 2023, the Kingdom's non-oil exports to Canada totaled SR140 million, mainly consisting of base metals and plant products. In contrast, non-oil imports from Canada reached SR2.89 billion, including locomotives, pharmaceuticals, optical and imaging equipment, and electrical devices.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store