
ROSHN Group signs MoU with Singapore to promote real estate innovation
The programme aims at exploring institutional partnerships, sharing best practices in urban governance, and identifying collaboration frameworks for improved master planning and commercial sourcing.
The MoU was signed during a visit undertaken by ROSHN Group senior representatives to explore collaboration with Singaporean entities in the real estate industry.
During the visit, the group engaged with several of Singapore's government organisations, educational institutions, and businesses to share insights, promote collaboration, and initiate discussions around a long-term partnership to foster innovation between the two countries.
ROSHN Group's senior representatives met with leading innovation leaders in academia and industry to exchange insights on applied research and development, explore ideas for workforce upskilling, and co-develop innovation programs tailored for the real estate sector. The Group also met with property technology organizations and developers to discuss innovations in end-to-end urban planning, engineering, and infrastructure delivery.
'At ROSHN Group and under ROSHNEXT, our innovation programme, we believe Singapore's advancement in urban development present valuable opportunities for knowledge sharing and collaboration,' said Yassen Kattan, Chief Officer Strategy & Corporate Affairs of ROSHN Group.
'The visit and MoU with Singapore Cooperation Enterprise opens the door to long-term collaboration to push the boundaries of what is possible in terms of developing futuristic, human-centric developments, by enabling us to integrate innovation into the way we design, develop, and operate destinations that redefine modern living and contribute to Saudi Arabia's transformation into a knowledge and innovation-driven economy.' -
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Tribune
13 hours ago
- Daily Tribune
PIF Grows $913bn Global Portfolio
TDT | Manama Saudi Arabia's Public Investment Fund (PIF) closed 2024 with a 19% surge in assets under management (AuM), reaching $913 billion, while expanding its global investment footprint and reinforcing its role as a driver of the Kingdom's economic transformation. Strong performance According to its 2024 Annual Report, PIF posted a 25% increase in total revenue and maintained a strong cash balance. Since 2021, cumulative investments in priority sectors have exceeded $171 billion, contributing $243 billion to Saudi Arabia's real non-oil GDP between 2021 and 2024. Chief Financial Officer Yasir A. AlSalman said the results were underpinned by solid financial health and robust capital deployment of $56.8 billion in 2024 alone. Economic diversification Acting Chief of Staff and Secretary General to the Board Maram Al Johani said PIF now accounts for 10% of the nation's non-oil economy. By year-end, it held stakes in 225 portfolio companies, having created and established 103 of them. The fund also marked a transition from digital transformation to digital leadership, completing 58 digital projects, launching 15 new applications, and automating more than 477 processes. Global recognition PIF's international portfolio expanded through strategic partnerships and investments in cutting-edge technology. In 2024, it raised $9.83 billion in public debt and $7 billion in private debt, with Moody's upgrading its rating to Aa3 and Fitch affirming an A+ rating, both with stable outlooks. The fund achieved a 96% score on Global SWF's 2024 Governance, Sustainability and Resilience Scoreboard and, in 2025, tied for first place globally with a score of 100%. Brand Finance ranked PIF the most valuable and fastest-growing brand among sovereign wealth funds, with an A+ rating.


Gulf Insider
14-07-2025
- Gulf Insider
ALDANAH by ROSHN: A New Benchmark for Living in Saudi Arabia
When you think of luxury living, with spacious interiors, green spaces, and abundant amenities, Dubai often comes to mind. But that perception is shifting, and the country leading this transformation is Saudi Arabia. The Kingdom is redefining how people live, work, and play. At the forefront of this change is ROSHN Group, the PIF-owned multi-asset developer. ROSHN's latest community development recently broke ground in Dhahran, in the Eastern Region. ALDANAH, the Group's first coastal community in the region, will feature over 2,000 homes across 1.7 million square meters. It introduces a new standard of living that prioritises thoughtful design, sustainability, and lifestyle. The result is a community that not only elevates the experience for its residents but also sets a new tone for the wider region. ROSHN Group has paid close attention to feedback, offering a diverse mix of home typologies that include a driver's room, a maid's room, and shaded parking as standard. Large windows maximise natural light, creating bright and airy spaces. Responding to the growing appetite for premium homes, ROSHN has introduced three exclusive villa designs located along ALDANAH's central 'green spine'. These homes feature expansive plots, ideal for gardens or swimming pools, and come with three or four parking spaces and an internal lift. Representing just 6% of the total homes, these 150 premium villas are a limited opportunity for elevated living. ALDANAH has been designed with long-term sustainability in mind. All homes are equipped with thermal insulation, energy-efficient air conditioning, and EV charging provisions. The wider community is equally forward-thinking, with smart irrigation systems, soil moisture sensors, and recycled water supporting the lush landscaping. With more than 145,000 square meters of land cultivated with native trees and shrubs, the community is envisioned as a natural haven. This commitment is most visible in the green spine running through the heart of ALDANAH, which includes walkways and cycling paths that connect residents to the community's many amenities. As with other ROSHN developments, ALDANAH embraces the 15-minute community concept, where everything a resident needs is within a short walk or drive. Once complete, ALDANAH will feature retail outlets, restaurants, schools, mosques, and office spaces. Key regional destinations, such as Aramco Stadium, Ithra, The Avenues Mall, and KFUPM, are all within a 15-minute drive. The opening weekend saw a strong response, with more than 80% of the initial release booked. If you missed out, more homes will be released soon. To stay updated and register your interest, visit ROSHN Group's website:


Trade Arabia
09-07-2025
- Trade Arabia
Al-Futtaim, Johnson Controls to launch smart building platform in UAE
Al-Futtaim Technologies, a leading provider of business and digital transformation solutions under Al-Futtaim Contracting, has announced a strategic partnership with Johnson Controls to bring the global smart building platform OpenBlue to the UAE market. This collaboration marks a significant milestone in delivering intelligent infrastructure and energy-efficient solutions to businesses and government entities across the region. The announcement was made during a live showcase event hosted by Al-Futtaim Technologies, offering clients and industry stakeholders an in-depth look at the OpenBlue platform and Johnson Controls' Facility Explorer FX. The event highlighted how these technologies can help organizations transition toward smart, data-driven building management, said the statement. The platform will enable businesses to achieve real-time operational insights, predictive maintenance, and improved occupant experiences – all while advancing sustainability goals. By integrating digital intelligence with energy optimization, the platform addresses rising demand across the GCC for smarter, more efficient, and future-ready infrastructure, it stated. Razi Hamada, General Manager, Al Futtaim Technologies, said: "Our partnership with Johnson Controls marks a major step forward in our mission to deliver smarter, more efficient, and sustainable buildings across the region. With the launch of OpenBlue, we are empowering our clients to embrace digital transformation through real-time intelligence, energy optimization, and seamless occupant experiences." "This collaboration reinforces Al-Futtaim Technologies' commitment to shaping the future of intelligent infrastructure in the UAE," he noted. Evgenia Ostrovskaya, Digital Region Leader EMEALA at Johnson Controls, said: "We are thrilled to collaborate with Al Futtaim Technologies in bringing OpenBlue to the region. Together, we're defining the future of smart buildings with real-time analytics, energy efficiency, and seamless occupant experience." According to her, this launch also builds on Al-Futtaim Technologies' track record in systems integration and its strategic focus on smart building solutions. The company's portfolio includes infrastructure, ELV systems, AV solutions, and managed services, serving sectors such as real estate, education, finance, and government across the UAE, Qatar, and Saudi Arabia, she stated. As smart city development accelerates in the Middle East, this partnership positions Al-Futtaim Technologies and Johnson Controls as key enablers of next-generation digital buildings – driving operational excellence, environmental responsibility, and future-ready infrastructure across the region, she added.-TradeArabia News Service