Roshn
Saudi Arabian real estate development group
From Wikipedia, the free encyclopedia
Roshn (stylized as ROSHN) is a Saudi Arabian real estate development group established in August 2020 by the Public Investment Fund (PIF) as one of its giga-projects. It aims to develop residential communities and support the goals of Saudi Vision 2030 by increasing homeownership among Saudi citizens across the Kingdom.[3]
| |
Native name | مجموعة روشن |
|---|---|
| Type | Private |
| Industry | Real Estate Developer |
| Founded | 19 August 2020[1] |
| Founder | Public Investment Fund |
| Headquarters | , |
Key people |
|
| Owner | Public Investment Fund |
| Website | roshn.sa |
History
Roshn was officially launched by the Saudi Public Investment Fund on 19 August 2020 as one of its 5 megaprojects, which are: Neom, Red Sea Project, Qiddiya City, and Diriyah Company.[4]
On 24 August 2022, Roshn secured naming rights to the Saudi Pro League in a five-year deal worth $127 million.[5]
Following Karim Benzema's signing with Ittihad football club in June 2023, Roshn signed a three-year deal with the club to become its platinum sponsor.[6][7]
In September 2023, Roshn signed a 45-month deal worth $2.06 billion with China Harbour Engineering Company to develop Riyadh's Sedra and Warefa communities.[8]
Projects
Communities
The following list contains all of the residential communities currently being developed by Roshn:
| Name | Location | Total Area (km2) | Announced | Website |
|---|---|---|---|---|
| Sedra[9] | Northern Riyadh | 20 | 04 August 2021 | www |
| Warefa[10] | Eastern Riyadh | 1.4 | 07 March 2022 | www |
| Al-Arous[11] | Northern Jeddah | 4 | 24 May 2022 | www |
| Marafy[12] | Northern Jeddah | 6.6 | 29 August 2023 | www |
| Al-Fulwa[13] | Southern Hofuf | 10.8 | 14 March 2024 | www |
| Al-Manar[14] | Western Mecca | 21 | 31 March 2024 | www |
| Al-Danah[15] | Dhahran | 1.7 | 24 April 2024 | www |
Roshn Stadium
In July 2024, Roshn announced “Roshn Stadium”, a stadium with a capacity of 45,000 in Southwest Riyadh. The stadium spans over an area of more than 450,000 square meters. Roshn Stadium is set to host 2034 FIFA World Cup matches.[16]
Awards
- Saudi Arabia's Best Place to work for the years 2021, 2022, and 2023 presented by bestplacestoworkfor.org[17]