ROSHN launches first residential community in Riyadh

18/11/2020 Argaam

ROSHN real estate developer, the wholly-owned subsidiary of the Public Investment Fund (PIF), launched its first residential community in the north of Riyadh, on a total area of 20 million square meters. 

 

The new project, which is located close to King Khalid International Airport, comprises more than 30,000 residential units.

 

The project is the first community to be implemented as part of the ten-year mandate to develop communities across the Kingdom and will be developed in eight phases.

 

Off-plan homes will be available for sale during the first half of 2021.

 

Last August, the Kingdom’s sovereign wealth fund launched ROSHN real estate as a company specialized in developing world-class integrated urban communities across the Kingdom, Argaam earlier reported.

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