ROSHN inks SAR 1.3B deals to sell, develop land plots in SEDRA

ROSHN Group signs partnership agreements to develop projects covering a total area of more than 72,000 square meters

ROSHN Group signed various strategic agreements to sell and develop land plots with an investment value exceeding SAR 1.3 billion. These agreements were signed in partnership with a number of local real estate developers for the establishment of residential and commercial projects within the SEDRA community, North Riyadh.

According to the Saudi Press Agency (SPA), the projects spanning an area of more than 72,000 square meters (sqm).

The agreements included two contracts with Arabian Dyar with a total investment value of SAR 1.1 billion to develop land exceeding 55,000 sqm. The group also signed an agreement with Alramz Real Estate Co. valued at SAR 262 million to develop an area of more than 14,000 sqm, in addition to an agreement with Tiraz Al Arabia to develop commercial facilities in SEDRA.

The partners will deliver a range of residential and commercial projects in line with SEDRA masterplan, consistent with the group’s vision of developing vibrant, integrated communities that enhance residents’ quality of life.