Roshn
 | |
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 |
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]
History
[edit]![[icon]](/everything/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion with: More information about the group's history and development can be added. You can help by adding missing information. (June 2026) |
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
[edit]Communities
[edit]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
[edit]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
[edit]- Saudi Arabia's Best Place to work for the years 2021, 2022, and 2023 presented by bestplacestoworkfor.org[17]
See also
[edit]References
[edit]- ↑ "PIF launches ROSHN, a new company aimed at developing world-class urban communities". pif.gov.sa. ROSHN. 19 August 2020. Retrieved 24 March 2025.
- ↑ "Our Board of Directors". www.roshn.sa. ROSHN. Retrieved 1 February 2024.
- ↑ "PIF launches ROSHN, a new company aimed at developing world-class urban communities". saudigazette.com.sa. Saudi Gazette. 19 August 2020. Retrieved 18 June 2026.
- ↑ "A proven track record of delivering some of the world's most renowned projects". pif.gov.sa. PIF. Retrieved 1 February 2024.
- ↑ "ROSHN secures naming rights to Saudi Pro League". Arab News. 24 August 2022. Retrieved 1 February 2024.
- ↑ "Real estate developer ROSHN becomes platinum sponsor of Saudi champions Al-Ittihad". Arab News. 8 June 2023. Retrieved 1 February 2024.
- ↑ "PIF-owned Saudi real estate firm signs Al-Ittihad sponsorship". Sport Business. 9 June 2023. Retrieved 1 February 2024.
- ↑ "Roshn and China Harbour sign $2.06bn housing deals". MEED. 11 September 2023. Retrieved 1 February 2024.
- ↑ Dadlani, Disha (6 August 2021). "ROSHN unveils SEDRA,its first residential community in Riyadh". Construction Week. Retrieved 1 February 2024.
- ↑ "ROSHN opens sales at its second integrated community in Riyadh - WAREFA". Zawya. 9 October 2023. Retrieved 1 February 2024.
- ↑ "Saudi developer ROSHN launches first phase of Al Arous project in Jeddah". Arab News. 24 November 2022. Retrieved 1 February 2024.
- ↑ "Saudi Arabia's Roshn launches Marafy project in Jeddah". MEED. 30 August 2023. Retrieved 1 February 2024.
- ↑ "Saudi Arabia's ROSHN announces major ALFULWA development to house 100,000 people". Arabian Business. 15 March 2023. Retrieved 1 February 2024.
- ↑ "ROSHN Group Launches ALMANAR, Its First Integrated Community in Makkah". Saudi Press Agency. 31 March 2024. Retrieved 1 April 2024.
- ↑ "Saudi's ROSHN unveils new residential project in Greater Dammam". Gulf Business. 31 March 2024. Archived from the original on 25 April 2024. Retrieved 25 April 2024.
- ↑ "ROSHN Announces Iconic 45,000-Seat Stadium in Southwest Riyadh".
- ↑ "ROSHN gets award recognizing workplace culture for 3rd year in a row". Arab News. 31 July 2023. Retrieved 1 February 2024.