Roshn Group, the leading Saudi real estate developer, has unveiled its new visual identity and a comprehensive updated strategy, incorporating new categories of real estate assets.
This reflects its commitment to “leading the transformation” in the real estate development sector.
Details
Roshn, a multi-asset real estate developer in Saudi Arabia, stated that this “strategic move” marks a significant shift, enhancing its leadership in the local real estate sector.
It also paves the way for a new path in the development of mixed-use projects and multi-asset destinations.
So what
It is worth noting that the group is a subsidiary of the Saudi Sovereign Wealth Fund.
Roshn aims to elevate the quality of life across the Kingdom and contribute effectively to achieving the objectives of Saudi Vision 2030.
Some context
Roshn plans to launch a new portfolio of projects with “significant diversity” in assets.
Its current portfolio includes 200 million square meters of integrated residential projects and over 4 million square meters of retail leasing and sales spaces, in addition to office spaces and tourism facilities.
The portfolio also covers infrastructure and essential services such as education, mosques, and healthcare.
Moreover, it includes promising sectors like transportation, logistics services, industrial zones, knowledge centers, and entertainment hubs.
Roshn aims to expand the scope of its massive real estate operations by developing diverse assets outside its integrated communities.
Now what
Last month, Roshn secured syndicated credit facilities from several banks worth SAR 9 billion (USD 2.4 billion).
The group clarified that these facilities are unsecured, allowing them to be used repeatedly according to its needs over the next five years.
