PR98928

RIYADH, Saudi Arabia, Nov. 21, 2022 /PRNewswire=KYODO JBN/ --

ROSHN, the national real estate developer bringing new, sustainable modes of

living to the Kingdom, has started the handover process at SEDRA ahead of

scheduled time, its landmark development in northern Riyadh. New homeowners are

receiving the keys and title deeds to villas and townhouses located in SEDRA's

Phase 1, making them the first customers to take possession of properties in a

ROSHN community.

"The handover of the first ROSHN home is a momentous occasion not just for

ROSHN but for the Kingdom at large. While this marks another step on our

journey to provide high-quality homes to the Saudi people, we are also driving

change, creating a new concept of living, and adding to the quality of life of

our citizens and residents. SEDRA will be the first project that sees our

vision for the future become a reality on the ground and I am excited for our

first residents to experience the ROSHN way of life." said Group CEO, David

Grover."

ROSHN is facilitating the moving process for its customers by providing them

with dedicated advisors that act as a single point of contact before, during

and after the handover. New residents also have access to the ROSHN Contact

Centre, which can answer customer queries on a wide range of issues, from

visitor access to how to take advantage of special offers provided by ROSHN's

partners.

SEDRA is ROSHN's first project in the Kingdom and is being developed over eight

phases in Riyadh's vibrant northern corridor. The start of the handover process

at its first phase makes it the first Saudi giga-project to deliver to

customers. When completed, it will add more than 30,000 residential units to

the capital's housing stock and provide 20M sqm of integrated neighbourhoods

supported by education and healthcare infrastructure, retail outlets,

restaurants, parks, shaded footpaths, cycle tracks and carefully tended green

spaces.

ROSHN is also bringing its vision to the Kingdom's west coast: ALAROUS,

announced in May this year, will add more than 18,000 new homes to northern

Jeddah's housing stock. It features the same winning formula of amenities as

SEDRA, including its 'open living' design principle built around public spaces,

green areas, communal facilities such as local majlis, and 'living' streets

characterized by curb-less roads and homes without perimeter walls.

About ROSHN:

ROSHN is a national real estate developer, owned by Saudi Arabia's Public

Investment Fund (PIF). It has a mandate to deliver high-quality living

standards to Saudis and support government efforts to increase rates of home

ownership. ROSHN builds communities that look both to Saudi heritage and the

evolving aspirations of the Saudi people, acting as the master developer,

property developer and operator across a broad range of asset classes and land

uses, including residential, retail, commercial, hospitality and public/civic

facilities.

Photo - https://mma.prnewswire.com/media/1952619/ROSHN_Develops_SEDRA.jpg

Logo -  https://mma.prnewswire.com/media/1952691/ROSHN_Logo.jpg

Source - ROSHN