Latest news with #RoshnGroup
Arab News
6 days ago
- Business
- Arab News
LIV Golf and Roshn partner on ‘Rising Stars' program
RIYADH: Roshn has joined LIV Golf as a global Pillar Partner for 19 international tour stops during the 2025 and 2026 seasons. Part of the partnership involves training initiatives through the 'Rising Stars' program. Roshn Group and LIV Golf will look to increase youth access to the sport and promote talent development. The initiative is a central part of 'Potential Unleashed,' LIV Golf's sustainability and community engagement program. And it is in collaboration with 'Yuhyeek,' Roshn Group's community and social responsibility program. The 'Rising Stars' program is a pioneering initiative to nurture and shape the Kingdom's next generation of golf talent. It will last six months and include up to 20 players, aged 8 to 15, who will receive mentorship from LIV Golf players and a Saudi Arabia-based training program, starting from July 2025. Roshn Group and LIV Golf will also select a few Rising Stars Ambassadors who are amateur or emerging golfers in Saudi Arabia. They will attend LIV Golf events to be mentored by professionals, and join PRO-AM activities. During LIV Golf UK by JCB, at JCB County Club, from July 25 to 27, the Rising Stars team will receive training from LIV professionals. Mohammed Ashour, associate director of corporate social responsibility at Roshn Group, said: 'For the Roshn Rising Stars program, this journey to LIV Golf UK represents a pivotal moment in their development, offering unparalleled access to LIV Golf's professional golfers and coaches.' 'This immersive training opportunity provides enthusiastic young athletes with direct mentorship and exposure to the highest levels of the sport,' he added. 'Through initiatives like this, Roshn Group is directly investing in the future of Saudi talent, equipping them with the skills, confidence, and global perspective needed to truly excel in the sport of golf and beyond.'
Trade Arabia
15-05-2025
- Business
- Trade Arabia
Roshn showcases its role in urban transformation at key forum
Roshn Group, Saudi Arabia's leading multi-asset class real estate developer and a Public Investment Fund (PIF) company, highlighted its role in driving Saudi Arabia's urban transformation during its participating in the just-concluded Saudi-US Investment Forum in Riyadh. The forum brought together leaders, decision-makers, investors, and executives from some of the world's most prominent companies to explore strategic partnership opportunities and shape a new era of collaboration. With a real estate portfolio exceeding 200 million sq m across the kingdom, Roshn Group is developing large-scale, integrated, mixed-use projects that contribute to the goals of Saudi Vision 2030 in regard to increasing homeownership to 70% by 2030, enhancing quality of life, diversifying the local economy, and setting new benchmarks for sustainable urban development. Roshn Group presented a wide range of investment opportunities across its projects at the forum, which also served as a strategic platform to enhance collaboration among key stakeholders across multiple sectors, including construction and infrastructure partnerships and investments in key sectors such as retail, hospitality, healthcare, education, transport & logistics, sports, technology and entertainment. This includes iconic destinations such as Marafy in northern Jeddah and Roshn Stadium, one of the selected venues set to host matches during the FIFA World Cup 2034, located in the southwest of Riyadh, alongside a growing portfolio of integrated developments across the central, western, and eastern regions of the kingdom. Dr Khaled Johar, Acting CEO of Roshn Group, stated: "We are proud to participate in the Saudi-US Investment Forum and to showcase the scale of Roshn Group's developments and the diversity of investment opportunities we offer across the kingdom. Our projects reflect a national vision, generating sustainable economic impact, enabling global partnerships, and advancing the core objectives of Vision 2030. This forum represents a key step in fostering strategic collaboration and long-term growth." These developments are shaped through an integrated approach that prioritizes innovation, sustainability, and the ambition to elevate quality of life. Each project features advanced infrastructure, high sustainability standards, and human-focused design. ROSHN Group is committed to integrating infrastructure, technology, and public realm planning to create a new model of integrated urban communities, designed to adapt to change and meet both community needs and national development priorities. The group also plays a pivotal role in fostering economic growth and diversification in line with Vision 2030. Through its strategic collaboration with international and national partners, Roshn Group enables the localisation of manufacturing and services within the Kingdom, strengthens national supply chains, and supports the development of a more competitive, self-sustaining economy. The Group is advancing further supply chain innovation in collaboration with leading firms in property technology, infrastructure design, and other areas, the group said. - TradeArabia News Service
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.
Al Arabiya
26-02-2025
- Business
- Al Arabiya
Saudi Arabia's housing market challenged with soaring prices, high borrowing costs
Saudi Arabia faces growing challenges in its residential real estate market as soaring prices and high borrowing costs cool appetite for home ownership, according to the real estate consultancy Knight Frank. Demand from first-time buyers looking to purchase a home has slipped to 29 percent from 40 percent in 2023, the firm said, citing a survey of more than 1,000 households. For more Saudi news, visit our dedicated page. Many home buyers believe prices are too high, need more time to save and want more financing options, according to Knight Frank's 2025 Saudi report. Apartment prices in the capital of Riyadh rose almost 11 percent to the equivalent of about $1,500 per square meter in 2024, according to the research firm. Saudi Arabia has been investing heavily to build homes in recent years as it seeks to house a growing population and raise ownership rates to 70 percent. Knight Frank has estimated the country needs to build 115,000 homes annually for the next six years to meet demand, but cautions that what is coming to the market doesn't match with the realities of buyer expectations. 'The crux of the issue is the misalignment between buyer expectations and the current pricing or market realities,' Faisal Durrani, head of Middle East research at Knight Frank, said in an interview in the kingdom. Affordability remains a key concern as budgets for low- and middle-income earners fall short of average ticket prices for homes, according to the firm. Those with deeper pockets may be able to meet prices for new housing, but that segment of the Saudi population is relatively small, it said. Developers adding to supply include Saudi wealth fund-backed Roshn Group and Dar Global Plc, which recently announced plans to build new luxury projects with the Trump Organization in Riyadh. The National Housing Company, known as NHC, has been tasked with building properties at more affordable price points. 'There is a very real risk of an oversupply of luxury housing in the kingdom over the next five years unless new sources of demand are identified or tapped into, chiefly, international buyer demand,' Durrani said. Knight Frank anticipates an eventual change in foreign ownership laws will pave the way for investments from abroad in some of Saudi Arabia's new luxury homes. Currently, foreigners can obtain long-term residency in Saudi Arabia by investing 4 million riyals ($1.1 million) into residential real estate. A recent relaxing of rules on foreign property investment in the holy cities of Mecca and Medina is the strongest signal yet that more loosening may be coming, according to Durrani. While both cities have drawn strong interest in terms of property ownership, the capital of Riyadh remains the most coveted place to live in the kingdom, Knight Frank said. But it has also seen the most explosive price growth. The cost of a villa rose more than 6 percent to around $1,400 per square meter last year. Riyadh is also seeing a shift toward demand to rent versus own as more foreign workers relocate and young nationals migrate from elsewhere in Saudi Arabia. 'Their focus isn't on purchasing a home. It's on renting and that's in short supply,' Durrani said. He sees 'huge' growth potential in the build-to-rent market for developers and said building more affordable options for purchase will be critical to meeting demand. 'This challenge is not about demand not existing in the Saudi market,' Durrani said. 'It's just that right now we're not building the product to match the demand that exists.'
