SEDRA by ROSHN

Shapoorji Pallonji, Siemens win $510m contracts for ROSHN’s Riyadh community project

Saudi Arabia’s national community developer ROSHN has signed contracts worth SAR1.9bn ($510m) with Shapoorji Pallonji Mideast and Siemens to support the first phase development of its Riyadh community development project. The partnership with Shapoorji Pallonji Mideast is for the construction of 3,000 homes along with associated utilities, roads and landscaping for the first phase development. According to ROSHN, the contracts with Shapoorji Pallonji and Siemens are an important development pillars in the construction of the Riyadh community. The Riyadh community is spread across an area of 20 million m2 and is located south of King Khalid International Airport. The community, which will include more than 30,000 contemporary homes, is close to the city’s main attractions, key highways and transportation links. It will also include mosques, shops, cafes, parks, schools, and leisure and entertainment facilities. ROSHN CEO David Grover said: "The Riyadh community sets a new standard for housing in Saudi Arabia by offering a dynamic and modern living experience, rooted in work and play, through the provision of quality homes at a competitive price. “Our partnerships with Shapoorji Pallonji and Siemens clearly demonstrate ROSHN’s commitment to partnering with best-in-class organisations as we deliver this landmark development, and lies at the heart of our mission to support Vision 2030’s goals to create more opportunities for Saudis to own high-quality homes in the Kingdom.” The Riyadh project is part of ROSHN’s mandate to contribute to the growing demand for accessible homes throughout Saudi Arabia. The contract secured by Siemens covers detailed engineering, procurement, and the construction of all associated underground cabling totalling 26km.

Saudi Arabia · 3 Jan 2021

Saudi's ROSHN breaks ground on flagship 20km2 residential project

he event marked a major milestone in the development of ROSHN’s first community as part of its mandate to develop communities across the Kingdom. The national community developer aims to deliver more than 30,000 homes as part of the Riyadh residential project, with more than 4,000 to be built in Phase 1. The community is conveniently located close to the capital’s main attractions, key highways, and transportation links. The megaproject will comprise mosques, shops, cafes, parks, schools, and leisure and entertainment facilities. The project is part of ROSHN’s long-term strategy to contribute to the rapidly increasing demand for housing across the kingdom. Saudi Arabia-based contractor Rezaik Abdallah Al-Gedrawy & Co has been chosen to build part of the 4,000 homes in the community during Phase 1 of construction, which will be developed by ROSHN. In addition, ROSHN has chosen other partners for Phase 1, including Zuheir Ahmad Zahran and Company; Al Akaria Hanmi; Posco E&C; AWJ International; and C1 Company Building, who will be involved in other critical areas of construction including soil grading, sales and experience centre, site supervision, and more. Commenting on the start of construction at the groundbreaking event, the group chief executive officer at ROSHN, David Grover, said: “Breaking ground today is incredibly symbolic for all involved; it heralds the official start of a much-anticipated development that represents a new era of community living, whilst making meaningful contributions to the nation’s real estate sector.” Last month, ROSHN inked contracts worth $426.6m (SAR1.6bn) relating to the construction of homes and other critical areas of development, including infrastructure and water works; environment and valley arms protection; site supervision; fit-outs; and more. Off-plan homes will be available for sale during H1 2021.

Saudi Arabia · 5 Oct 2020