ROSHN: Launches Over 400 New Residential Units in Riyadh's SEDRA
Sector News | Feb 17, 2025 | Zawya
ROSHN Group, a prominent real estate developer in Saudi Arabia and a PIF company, has launched the sale of 403 new single-family residential homes within the SEDRA community in North Riyadh. The homes offer a diverse selection of floorplans and façade styles tailored to meet the aspirations of a wide range of homebuyers. The development, characterized by its spacious plots and modern amenities, includes access to shopping, business areas, and community facilities such as schools, healthcare services, and natural spaces. The release of these homes is part of ROSHN's broader commitment to enhancing the quality of life in line with Saudi Arabia's Vision 2030, encouraging sustainable urban growth and aiming to achieve a 70% homeownership rate.
Sectors
- Real Estate Development
- Sustainable Development
Geography
- Saudi Arabia – The entire development project is located in Riyadh, Saudi Arabia, and is part of the country's wider Vision 2030 initiative.
Industry
- Real Estate Development – The article discusses a large-scale residential development project by ROSHN Group, highlighting new home sales, community features, and sustainable urban growth.
- Sustainable Development – ROSHN Group emphasizes designing homes in harmony with the environment and promotes sustainable living, aligning with Saudi Arabia's Vision 2030.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ROSHN Group | Real Estate Developer | Company | ROSHN Group, a Public Investment Fund (PIF) company, is leading this real estate project in Saudi Arabia, focusing on residential, commercial, and mixed-use developments. |
| Public Investment Fund (PIF) | Parent Company | Company | A major sovereign wealth fund in Saudi Arabia, responsible for diversifying the Saudi economy and steering significant projects like those initiated by ROSHN Group. |