ROSHN, a real estate developer backed by the Public Investment Fund (PIF), has signed seven agreements worth 8 billion Saudi riyals ($2.13 billion) to develop various infrastructure and facilities in its different communities around the Kingdom.

The contracts aim to develop various facilities across ROSHN communities, including developing and constructing housing units, infrastructure, schools, etc., Saudi Press Agency reported.

The contracts were awarded to China Harbour Engineering Company, Shapoorji Pallonji & Company, Ansab General Contracting Company, Al Kifah Precast Company, among others.

(Writing by D Madhura; Editing by Anoop Menon)