Saudi PIF-backed developer ROSHN gets license for off-plan sales
The license will now enable the developer to begin off-plan sale of its first residential project “Al-Sidra Neighborhood” in Riyadh
A view The King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia. Image used for illustrative purpose.
By Staff Writer, Arab News
RIYADH: ROSHN, a real estate company owned by the Public Investment Fund, on Tuesday obtained a license from the Kingdom’s Wafi off-plan sales and rent program.
The license will now enable the developer to begin off-plan sale of its first residential project “Al-Sidra Neighborhood” in Riyadh.
Sidra comprises more than 30,000 housing units, with more than 4,500 houses to be built during the first phase, with an urban character and a Salmani architectural style inspired by Najd architecture, reflecting the identity of the city of Riyadh.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW