Latest news with #Roshn
Trade Arabia
22-04-2025
- Business
- Trade Arabia
Roshn in deal with Ajdan to build 113 villas in Makkah
Roshn Group, the kingdom's leading multi-asset class real estate developer powered by Saudi wealth fund PIF, has announced that it has signed a sale and purchase agreement with Ajdan Real Estate Development Company for the construction of 113 villas under its Al Manar project in Makkah. The villas will cover a land area of 32,921 sq m are is being set up by Roshn in a bid to boost integrated residential development to meet the needs of various segments of society. Almanar is Roshn's first venture in Makkah and was launched in April last year. Located at the city's western gate, between the old and new expressways linking the city to Jeddah, it is 20 minutes away from the main mosque and under an hour from King Abdulaziz International Airport. Phase One features 4,149 residential units that will house more than 17,000 people on a footprint area of 2.5 million sq m. Ideally situated at Makkah's Western Gate, between the old and new expressways linking the city to Jeddah, Almanar community is exceptionally well-connected. The community features the rich and vibrant array of amenities signature to Roshn Group developments, readily accessible from every home on walkable living streets, including, retail and commercial centers schools, and both local and Jumaa mosques, it added.- TradeArabia News Service
Trade Arabia
07-04-2025
- Business
- Trade Arabia
Roshn facility grooms students on environmental responsibility
Roshn Group, a leading Saudi multi-asset class developer powered by the kingdom's sovereign wealth fund PIF, has announced that its Green Initiative Centre welcomed more than 350 students from a variety of schools and educational institutions. The students were at the key facility to take part in interactive educational experiences and awareness-focused programmes aimed at fostering environmental responsibility in them and highlighting the role of everyday practices in advancing sustainability and improving quality of life. The visits also featured hands-on activities that enabled participants, both children and adults, to actively engage in planting seedlings, offering an experience that underscored the vital role individuals play in contributing to a greener future, said Roshn in a statement. Established by Roshn Group in September at Sedra community in North Riyadh, the centre forms an integral part of the Group's ongoing efforts to contribute to the goals of the Saudi Green Initiative. It serves as a key platform for promoting environmental awareness and reinforcing the kingdom's leadership in sustainability through inclusive educational and interactive programming, it stated. The Center offers a comprehensive educational experience that sheds light on the life cycle of native plants and the interconnection between environmental conservation, public health, and national development. Equipped with advanced technology, the Roshn Green Initiative Centre features an innovative nursery that produces over 100,000 seedlings and 5,000 native trees annually. Visitors are taken on an educational journey that traces the stages of plant growth, from seed planting to germination, it stated. The Roshn facility is considered one of the group's most prominent initiatives in the field of sustainability, reflecting its commitment to supporting Saudi Arabia's ambition to become a global leader in shaping a greener future. These efforts are driven by raising environmental awareness, embedding sustainable practices, and advancing initiatives that improve quality of life across the Kingdom The Green Initiative was launched on the 93rd Saudi National Day as part of Roshn Group's social responsibility programme - Yuhyeek.
ME Construction
07-03-2025
- Business
- ME Construction
CHEC begins operations at modular facility in KSA
Construction CHEC begins operations at modular facility in KSA By The facility is equipped with an independently developed production management system and advanced robotics, enabling a fully digitalised workflow covering design, production, and storage. China Harbour Engineering Company (CHEC) has begun operations at its modular building factory for the Sedra housing project, which is being developed by Roshn, in Riyadh. Spanning 200,000sqm, the factory will supply prefabricated components for Sedra's fully modular villas, while also laying the industrial foundation for future prefabricated construction initiatives in Saudi Arabia. Speaking at the inauguration ceremony, Iain McBride, Head of Commercial, Roshn, praised the factory's remarkable speed of completion, commending its design, construction quality, and safety standards. 'We look forward to deepening our collaboration with China Harbour in alignment with Vision 2030, the subsequent phases of the Sedra project, and expansion plans, working together to create a new chapter of mutually beneficial cooperation between China and Saudi Arabia,' McBride noted. Yang Zhiyuan, General Manager, China Harbour Engineering Company (Middle East) said the firm will continue working closely with Saudi Arabia's PIF, and with Roshn, to establish a leading prefabricated construction base in the Middle East. The facility is equipped with an independently developed production management system and advanced robotics, enabling a fully digitalised workflow covering design, production, and storage.
Zawya
05-03-2025
- Business
- Zawya
Saudi construction sector thrives on giga projects, high spending
Mega projects and high government capital expenditure will maintain the momentum in Saudi Arabia's construction sector for years, according to a local think-tank. The Construction sector, which accounts for nearly 10 percent of non-oil GDP, saw another solid rate of growth in the year to the third quarter of 2024, up by 4.2 percent, compared with 4.3 percent in the full year 2023, Jadwa Investments Company said in a report. 'This reflects ongoing momentum in the sector, despite a slower performance in the first half,' it said in the report seen by Zawya Projects. 'A significant portion of growth is driven by spending on giga projects, tourism-related accommodations, and housing projects from both the private and public sectors.' For the years ahead, the PIF's giga-projects will support construction activity, including Neom, Red Sea, Roshn, Qiddiya and Diriyah, Jadwa said. It said the sector would also continue to benefit from high levels of capital expenditure by the government through the annual budgets. 'The diverse array of sports and entertainment events throughout the Kingdom is also expected to boost the construction sector, particularly through the development of numerous hotels and stadiums,' the report said. It noted that the Tourism Ministry is targeting an increase in visitors from 119.6 million in 2024 to 127 million in 2025, with planned spending of 346.6 billion Saudi riyals ($93 billion). 'This is part of the broader strategy to meet Vision 2030's target of 150 million visitors by 2030... Additionally, in preparation for hosting the World Cup in 2034, and before that the AFC Asian Cup in 2027, hotel room capacity will need to expand.' (Writing by Nadim Kawach; Editing by Anoop Menon)
Zawya
17-02-2025
- Business
- Zawya
Roshn awards contract for over 1,900 homes, retail units in Sedra
Roshn Group, the kingdom's leading multi-asset class real estate developer powered by Saudi wealth fund PIF, has announced that it has awarded new contracts worth SAR1.5 billion ($400 million) for Sedra Community, the group's largest integrated development in Riyadh. The scope of work includes construction of more than 1,900 residential units as well as infrastructure development works related to the retail facilities of Sedra, said Roshn in a statement. These agreements were signed at the third edition of the PIF Private Sector Forum in Riyadh, thus reflecting Roshn's strategic efforts to strengthen the kingdom's construction sector, expand local expertise, and enhance supply chain localization. The first agreement, valued at SAR650 million, was signed for development of more than 900 residential units and sports facilities at Sedra Community. Another agreement was signed for the development of more than 700 residential units, supporting the continued expansion of the integrated community. In addition, a SAR130 million agreement was signed for the construction of Sedra's first district retail mall. A fourth agreement, worth SAR720 million, was signed for the development of more than 300 premium residential units in Sedra. All of these contracts were awarded to several leading national and international contracting companies investing in Saudi operations, further solidifying Roshn's role in enabling national capabilities, stated the developer. This move reinforces our commitment to fostering local content and driving economic growth, remarked Iain McBride, the Executive Director (Commercial) at Roshn Group. "Our mandate at Roshn Group extends beyond developing integrated projects; it plays a vital role in advancing Saudi Arabia's economic diversification by strengthening local industries and expanding national capabilities," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
