ROSHN to reveal major project updates, foreign ownership rollout

ROSHN Group, Saudi Arabia's largest multi-asset developer and a Public Investment Fund (PIF) giga-project, will be out in force at this year’s Cityscape Global event which opens in Riyadh this month. The exhibition, which is set to break attendance records welcoming over 172,000 visitors during its four-day run, will be focusing on the theme of “The Future of Urban Living”.

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At the leading property event, ROSHN will be showcasing the progress it has been making across its various developments in Saudi Arabia. Front and centre of its portfolio showcase will be its flagship Riyadh development, SEDRA, where it plans to expand its offering. Following the successful September launch and quick sellout of its latest apartment offering for the fifth phase of SEDRA which comprises more than 2,000 homes, the company will unveil new premium villas and multifamily apartment buildings at Cityscape. ROSHN expects that increased availability and a wider selection will continue to boost sales. The developer points to the success of its last apartment launch in September, which sold out in a matter of weeks.

The developer will also make a number of major announcements at Cityscape related to SEDRA, where it is looking to expand the number of amenities on offer - details of which will be revealed at the event.

Located in northern Riyadh, close to King Khalid International Airport, Princess Nourah bint Abdulrahman University, and the ROSHN Front retail and commercial hub, the SEDRA community will eventually comprise more than 30,000 residential units and cover an area of 20 million sq m.