Mar 02, 2025
ROSHN Group, the leading multi-asset class real estate developer, and a Public Investment Fund (PIF) company, has signed strategic land sale and development agreements covering an area of more than 223,000 square meters with several local development partners. With a total investment exceeding SAR 1.4 billion, these agreements aim to drive the next phase of residential development within the master-planned community.
These partnerships come as part of ROSHN Group’s strategy to strengthen collaboration with local developers in building integrated communities according to the highest standards. Under these agreements, development partners will execute residential projects within the WAREFA masterplan, fostering a modern living environment that meets all tastes and needs and supports continued growth within the community.
An agreement was signed with Sateaa Al Tameer for Real Estate Development & Investment Co. for a value of SAR 548 million to develop over 108,000 square meters of land. Two agreements were signed with Miskan Real Estate Development with an investment value of SAR 650 million to develop over 68,000 square meters. Additionally, an agreement was signed with Fayziya Real Estate Development with an investment value of SAR 233 million to develop land exceeding 46,000 square meters. These projects will contribute to integrated residential developments that adhere to the highest standards, aligning with ROSHN Group’s approach to creating vibrant, integrated communities that enhance the quality of life for residents.
These agreements reaffirm ROSHN Group’s commitment to its role as a leading developer of vibrant destinations, driving the transformation of the real estate sector by developing integrated communities and destinations. By establishing an effective partnership ecosystem with the private sector and supporting local content across all its projects, ROSHN Group contributes to the goals of Saudi Vision 2030.
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