ROSHN Group is building homes for over 2.2 million people in Saudi Arabia

Aleqtsad.

Saudi is becoming a nation of homeowners, with over 2.2 million residents living in ROSHN communities by 2030″, says ROSHN Group CEO
·       PIF giga-project ROSHN Group is building home

Saudi Arabia’s combination of huge investment and building-friendly planning laws makes it one of the most vibrant real estate and construction markets in the world, says ROSHN Group CEO David Grover, who is in London speaking at the UK-Saudi Business, Trade and Partnership Forum.
“Saudi Arabia is embarking on a massive home-building journey with the goal that 70% of Saudis will own their own homes by 2030. This is made possible by the Saudi Government’s incredible support for the real estate sector,” Grover told the audience of industry leaders and top government officials from Saudi Arabia and the UK.
With the backing of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), ROSHN plans to spend tens of billions of pounds to build integrated communities that will house over 2.2 million people by 2030.
“Our vision for ROSHN is to transform the way people live, work, and play throughout Saudi Arabia while maintaining and promoting the cultural identity of the nation. We’re seeking partnerships across a vast range of activity, from design and construction, to IT, operations and maintenance, and security. There are huge opportunities for UK companies and talented individuals in the sector. You have the chance to be part of a historic transformation, while enjoying fantastic quality of life in Saudi Arabia, including world-class healthcare, schools and leisure activities,” said Grover, who formerly served as Group Director of Mace and CEO of Mace Developments.
ROSHN started as a residential builder but has evolved into a mixed-use developer that offers Saudi residents a new way of living. It has made significant strides since it was established, having launched two developments in Riyadh, one in Jeddah, and its latest project in Al Ahsa. In 2022, ROSHN Group acquired Riyadh Front, a mega business and leisure development in Riyadh. The sprawling shopping and business area offers residents easy access to some of the capital’s top retail attractions.
ROSHN’s industry-leading sustainability agenda includes decreasing automotive dependency by encouraging environmentally friendly modes of transport, improving energy efficiency through high-tech insulation, solar water heaters, and more efficient air-conditioning, and it aims to plant more than 1 million trees across its projects by 2030, in line with the goals of the Saudi Green Initiative.
“ROSHN is bringing something completely new to the Saudi market. Unlike traditional urban planning that prioritizes cars, our community-based approach is centred on people. We facilitate enjoyable and fulfilling lifestyles by strategically locating health, education, sports, retail, and entertainment amenities within walking distance of every home. We also place great emphasis on social interaction by providing attractive public spaces, communal facilities,” said Grover.
According to a 2022 PwC report, “Transforming the Housing Sector in Saudi Arabia,” the government’s policies and initiatives, including the activation of various financial products, are driving the sector’s growth. Recent reforms include plans to allow foreigners to own property, simplifying the property registration process, and strengthening the mortgage system to make homeownership possible for new generations of Saudis.
-ENDS-
ABOUT ROSHN GROUP
ROSHN Group is Saudi Arabia’s most trusted multi-asset class real estate developer, and a giga-project wholly owned by the Kingdom’s Public Investment Fund (PIF). ROSHN’s integrated developments offer a new way of living, supported by amenities within walking distance as well as green spaces, sports hubs, cycle lanes, and living beyond walls. Driven by technology, innovation, and sustainability, the Group is building at an unprecedented scale with a land bank of over 200 million sqm. The Group launched its flagship 20 million sqm community in Riyadh, SEDRA, in 2021 and delivered homes ahead of schedule, becoming the Kingdom’s first giga-project to deliver to customers. The Group went on to launch the 4 million sqm ALAROUS in Jeddah and announced two more integrated developments, WAREFA in Riyadh (1.4 million sqm), and ALFULWA in Al Ahsa (10.8 million sqm). By 2030, ROSHN will develop over 400,000 homes, as well as 1,000 kindergartens and schools, and over 700 mosques. As a national champion across a range of sectors, ROSHN takes a human-centric approach to building sustainably, pursuing corporate excellence, and partnering with the best-in-class to set new standards in mainstream development.
For more information on ROSHN’s new way of living visit Roshn.sa