ROSHN signs SAR 1.4B deals to develop WAREFA with local partners

ROSHN Group, part of the Public Investment Fund (PIF), signed strategic agreements with local developers to sell and develop more than 223,000 square meters (sqm) of land in Riyadh’s WAREFA community, with total investments exceeding SAR 1.4 billion, aiming to deliver modern residential communities.

These deals align with ROSHN’s strategy to strengthen partnerships with local developers to deliver integrated communities built to high standards.

Under the agreements, development partners will execute residential projects according to WAREFA’s master plan, creating modern living environments that meet diverse family needs and support balanced urban growth.

One agreement is valued at SAR 548 million for 108,000+ sqm, two agreements totaling SAR 650 million cover 68,000+ sqm, and another SAR 233 million agreement covers 46,000+ sqm, all set to create integrated, high-quality residential communities under ROSHN’s standards.

The agreements reinforce ROSHN’s role as a real estate developer driving sector transformation through integrated destinations, private-sector partnerships, and local content, supporting Saudi Arabia’s Vision 2030.