PR97333

RIYADH and JEDDAH, Saudi Arabia, Aug. 3, 2022 /PRNewswire=KYODO JBN/ --

- The agreement includes renaming the waterfront "ROSHN Waterfront"

- The Waterfront includes 7 different entertainment areas stretching over a

distance of 4 km

In the presence of His Excellency the Mayor of Jeddah, Mr. Saleh bin Ali

Al-Turki, ROSHN, the national real estate developer wholly owned by the Public

Investment Fund and Rotana Star Neon Company, signed an agreement to sponsor

the Jeddah Waterfront and transform its name into "ROSHN Waterfront".

Redeveloped and opened 2017, the Waterfront is one of the most important

landmarks in Jeddah, attracting approximately 55 million visitors annually. It

stretches four kilometers along the Red Sea coast and will consist of seven

diverse recreational areas for families and children.

By renaming and sponsoring the waterfront ROSHN intends to boost its efforts to

support the goals of Saudi Vision 2030 to provide a higher quality of life for

the citizens and residents of the Kingdom.

Commenting on the agreement, Sabah Barakat, Group Chief Operating Officer of

ROSHN, said: "We were pleased by the attendance of His Excellency Mr. Saleh

Al-Turki at the signing ceremony of the sponsorship agreement and the renaming

of Jeddah Waterfront. We in ROSHN are keen to diversify our partnerships and

efforts to serve the provision of a higher quality of life in the Kingdom. The

waterfront is part of our endeavor to activate the role of social

responsibility and provide higher quality lifestyles."

ROSHN is a national real estate developer powered by the Saudi Public

Investment. It is mandated to provide high-quality living standards for Saudis

and to support government efforts to increase citizens' home ownership rates.

The announcement of the waterfront agreement comes after the recent launch of

the ALAROUS project in Jeddah - ROSHN's second project in the Kingdom after the

SEDRA community in Riyadh.

Photo - https://mma.prnewswire.com/media/1872122/ROSHN_1.jpg　

Logo - https://mma.prnewswire.com/media/1872123/ROSHN_Logo.jpg　

Source - ROSHN