Off-plan sale during the first half of next year

Riyadh - Saudi Roshen Company, the real estate developer of the Public Investment Fund, is developing the first phases of its integrated neighborhoods in the city of Riyadh.

Roshan signed partnership contracts worth 3.5 billion riyals ($933 million) to develop the first phase of the neighborhood, through seven strategic partnerships.

The neighborhood covers an area of ​​20 million square meters, and includes more than thirty thousand homes, including 4,000 homes in the first phase. The neighborhood was designed in a way that ensures modern urban architectural designs while preserving designs inspired by the heritage of Saudi Arabia.

The homes will be available for sale off-plan by the middle of this year, which provides investors and owners with an opportunity to own premium-standard homes in a strategic location in the capital, Riyadh.

It is noteworthy that, in early December 2020, Roshan started construction work on the site of its first neighborhood in the city of Riyadh, as part of a 10-year plan to develop communities and residential neighborhoods in various regions of the Kingdom.

The company announced last month that it had signed contracts worth 1.6 billion riyals to start contracting work for the first phase of its project in the Saudi capital.

The project is expected to provide more than 30,000 housing units, with 4,000 housing units to be built during the first phase.

The residential units will be available for sale on the map during the first half of next year.