Company Insights Roshn Real Estate Roshn Overview Roshn Group was founded in 2020 as part of Saudi Arabia’s Vision 2030 plans. It is a real estate developer and owned by the Public Investment Fund (PIF). Roshn says it is “transforming the urban landscape with human-centric, integrated developments that elevate connectivity and enhance the quality of life”. In 2022 Roshn secured naming rights to the Saudi Pro League in a five-year deal worth $127 million. The following year Roshn signed a three-year deal with Ittihad football club to become its platinum sponsor. Roshn has a deal worth $2.06 billion with China Harbour Engineering Company to collaborate on Riyadh’s Sedra and Warfare residential developments. Roshn Stadium, with a capacity of 45,000 in southwest Riyadh, is expected to host matches in the 2034 Fifa World Cup. A preliminary design for the stadium was submitted to Fifa as part of Saudi Arabia’s World Cup bid and the company has invited expressions of interest from international and local contractors. In October 2024 Roshn announced it had secured a new SAR9 billion ($2.4 billion) credit facility from a consortium of locally listed banks to fund its growth plans. Roshn News Real Estate Saudis sold on online home sales, says developer Roshn Saudi developer Roshn, a unit of the Public Investment Fund (PIF), said half of its home sales are now made online, marking a significant shift in the kingdom’s property market. Buyers on Roshn’s platform can verify their identity using national digital IDs, sign contracts electronically and make payments online, streamlining a process that traditionally required […] January 7, 2025 EDITOR'S INSIGHT Transport Riyadh Metro could get Saudis to quit their cars OK. So it did not go entirely as advertised. The first phase of the Riyadh Metro was due to open on Wednesday; instead the system has been inaugurated and operation of three of the six lines – Blue, Yellow and Violet – officially starts on December ... Register now: It’s easy and free This content is […] November 28, 2024 Analysis Giga-projects Rise in major US law firms setting up in Saudi Arabia Attracted by the host of complex and potentially lucrative legal issues raised by Saudi Arabia’s development push, several of the largest law firms in the US are formally setting up shop in the kingdom, either directly or through mergers and acquisitions. Among those making the leap is Atlanta-based company King & Spalding. A spokesperson confirmed […] November 28, 2024 Analysis Giga-projects Saudi giga-projects are going local with new focus Giga-projects gaining local focus Providing for Saudi families Prices may still be too high for locals A nationalist sensitivity towards the leadership and aims of Saudi Arabia’s massive giga-projects is slowly taking hold, as foreign CEO... Register now: It’s easy and free This content is available for registered members only. Register for your free account […] November 14, 2024 Construction Banks vying to fund Roshn’s Saudi expansion Interest in PIF-backed Roshn Turning away lenders Plan is backed by consortium Saudi real estate developer Roshn, a subsidiary of the Public Investment Fund (PIF), is reporting strong interest from banks eager to finance its projects, ... Register now: It’s easy and free This content is available for registered members only. Register for your free […] November 14, 2024 Construction Former CEO sues Roshn for $100m over ‘unpaid bonuses’ The former CEO of Roshn, David Grover, is suing the Saudi property developer for more than $100 million, claiming unpaid bonuses and wrongful termination. Grover, who lost the initial stage of his case against the state-owned company in October, has appealed to a higher court in Riyadh, the Financial Times reports. Grover alleges that Roshn […] November 13, 2024 EXCLUSIVE Business of Sport Roshn seeks contractors for Riyadh World Cup stadium Saudi real estate developer Roshn is inviting expressions of interest from international and local contractors for its 45,000-seat football stadium in Riyadh. Iain McBride, Roshn’s head of commercial, said the Public Investment Fund subsidiary was actively seeking partners “very early in the process” to help “de-risk” the project. “What we don’t want is to design, […] November 6, 2024 Giga-projects PIF launches company to build worker accommodation Saudi Arabia’s Public Investment Fund (PIF) has established a company to develop and operate accommodation for workers employed on major projects in the kingdom. Smart Accommodation for Residential Complexes Company (Sarcc) will build workers’ accommodation for both public and private sector developers who are working on projects across the country. Sarcc will also seek opportunities […] October 21, 2024 Analysis Real Estate Real estate picks up in Saudi Arabia’s Eastern Province The Gulf city of Dammam and the Eastern Province that surrounds it have long trailed behind Riyadh, Jeddah and Mecca in the push for glitzy development, but real estate activity is picking up across the hospitality, residential and industrial sectors. The province, which has deep pockets thanks to its importance to the Saudi energy industry, […] October 14, 2024 Construction PIF-backed Roshn raises $2.4bn for expansion Saudi Arabian giga-project developer Roshn has secured a new SAR9 billion ($2.4 billion) credit facility from a consortium of locally-listed banks. The loan will support the developer’s expansion and growth plans over the next five years, state-run Saudi Press Agency reported. “We intend to use these funds to further advance our ambitious strategy in the […] October 2, 2024 Posts navigation 1 2 … 5 Next
Real Estate Saudis sold on online home sales, says developer Roshn Saudi developer Roshn, a unit of the Public Investment Fund (PIF), said half of its home sales are now made online, marking a significant shift in the kingdom’s property market. Buyers on Roshn’s platform can verify their identity using national digital IDs, sign contracts electronically and make payments online, streamlining a process that traditionally required […] January 7, 2025
EDITOR'S INSIGHT Transport Riyadh Metro could get Saudis to quit their cars OK. So it did not go entirely as advertised. The first phase of the Riyadh Metro was due to open on Wednesday; instead the system has been inaugurated and operation of three of the six lines – Blue, Yellow and Violet – officially starts on December ... Register now: It’s easy and free This content is […] November 28, 2024
Analysis Giga-projects Rise in major US law firms setting up in Saudi Arabia Attracted by the host of complex and potentially lucrative legal issues raised by Saudi Arabia’s development push, several of the largest law firms in the US are formally setting up shop in the kingdom, either directly or through mergers and acquisitions. Among those making the leap is Atlanta-based company King & Spalding. A spokesperson confirmed […] November 28, 2024
Analysis Giga-projects Saudi giga-projects are going local with new focus Giga-projects gaining local focus Providing for Saudi families Prices may still be too high for locals A nationalist sensitivity towards the leadership and aims of Saudi Arabia’s massive giga-projects is slowly taking hold, as foreign CEO... Register now: It’s easy and free This content is available for registered members only. Register for your free account […] November 14, 2024
Construction Banks vying to fund Roshn’s Saudi expansion Interest in PIF-backed Roshn Turning away lenders Plan is backed by consortium Saudi real estate developer Roshn, a subsidiary of the Public Investment Fund (PIF), is reporting strong interest from banks eager to finance its projects, ... Register now: It’s easy and free This content is available for registered members only. Register for your free […] November 14, 2024
Construction Former CEO sues Roshn for $100m over ‘unpaid bonuses’ The former CEO of Roshn, David Grover, is suing the Saudi property developer for more than $100 million, claiming unpaid bonuses and wrongful termination. Grover, who lost the initial stage of his case against the state-owned company in October, has appealed to a higher court in Riyadh, the Financial Times reports. Grover alleges that Roshn […] November 13, 2024
EXCLUSIVE Business of Sport Roshn seeks contractors for Riyadh World Cup stadium Saudi real estate developer Roshn is inviting expressions of interest from international and local contractors for its 45,000-seat football stadium in Riyadh. Iain McBride, Roshn’s head of commercial, said the Public Investment Fund subsidiary was actively seeking partners “very early in the process” to help “de-risk” the project. “What we don’t want is to design, […] November 6, 2024
Giga-projects PIF launches company to build worker accommodation Saudi Arabia’s Public Investment Fund (PIF) has established a company to develop and operate accommodation for workers employed on major projects in the kingdom. Smart Accommodation for Residential Complexes Company (Sarcc) will build workers’ accommodation for both public and private sector developers who are working on projects across the country. Sarcc will also seek opportunities […] October 21, 2024
Analysis Real Estate Real estate picks up in Saudi Arabia’s Eastern Province The Gulf city of Dammam and the Eastern Province that surrounds it have long trailed behind Riyadh, Jeddah and Mecca in the push for glitzy development, but real estate activity is picking up across the hospitality, residential and industrial sectors. The province, which has deep pockets thanks to its importance to the Saudi energy industry, […] October 14, 2024
Construction PIF-backed Roshn raises $2.4bn for expansion Saudi Arabian giga-project developer Roshn has secured a new SAR9 billion ($2.4 billion) credit facility from a consortium of locally-listed banks. The loan will support the developer’s expansion and growth plans over the next five years, state-run Saudi Press Agency reported. “We intend to use these funds to further advance our ambitious strategy in the […] October 2, 2024
