ROSHN Signs Riyadh Land and Development Deals Worth $570.5m

Riyadh, Saudi Arabia: ROSHN Group, the real estate developer backed by Saudi Arabia’s Public Investment Fund (PIF), has signed a series of land sale and development agreements in Riyadh valued at more than SAR 2.14 billion ($570.5 million).

The agreements were concluded on the sidelines of the recent Restatex Real Estate Exhibition in the Saudi capital and involve multiple local developers delivering residential and commercial projects within ROSHN’s Sedra and Warefa communities. The combined land area covered by the disclosed transactions exceeds 223,000 square metres, excluding plots where details were not revealed.

Within the Warefa community, ROSHN signed two agreements worth a combined SAR 781 million ($208 million). The first, valued at SAR 548 million ($146 million), was signed with Sateaa Altameer for Real Estate to develop a land plot exceeding 108,000 sqm. The second, valued at SAR 233 million ($62 million), was signed with Fayziyya for Real Estate Development to develop a plot exceeding 46,000 sqm.

In the Sedra community, agreements worth a combined SAR 1.36 billion ($363 million) were signed. These include a strategic agreement with Arabian Dyar valued at SAR 1.1 billion ($293 million) to develop a 55,000 sqm land plot. ROSHN also signed an agreement of undisclosed value with Tiraz Al Arabia to deliver integrated commercial facilities within Sedra.

Separately, Alramz Real Estate Company announced it had signed a SAR 262 million ($70 million) agreement to purchase and develop a land plot exceeding 14,000 sqm for 240 residential units in Sedra.

Sedra’s master plan comprises more than 30,000 residential units, while Warefa includes approximately 2,300 homes. ROSHN recently awarded construction contracts worth SAR 1.5 billion ($400 million) for more than 1,900 homes and retail units in the Sedra community, underscoring the scale and pace of development across its Riyadh portfolio.