ROSHN Group, Saudi Arabia’s leading real estate developer and a PIF-owned giga-project, joined the Saudi Public Investment Fund (PIF) Private Sector Forum. The firm has displayed its multi-asset developments across the Kingdom, apart from revealing the latest collaborations, and further partnership opportunities, and highlighting its Vision 2030 contributions.
ROSHN took part in the forum, held at the King Abdulaziz International Conference Centre in Riyadh from 6-7 February, in its role as a PIF-owned giga-project and vital enabler of Vision 2030 goals, including private sector expansion, job creation, and economic diversification.
Industry sources added that ROSHN’s immersive booth at the event, featuring LED map tables, and also displayed its transformative mixed-use developments that are bringing a new way of living with integrated amenities and cutting-edge technology.
“We are proud to join PIF at the private sector forum to showcase and create our partnership opportunities,” stated David Grover, Group CEO of ROSHN. “With our mandate to transform urban living in the Kingdom and contribute to Vision 2030’s goals, partnerships are vital to our success as we seek to grow Saudi Arabia’s economy, create jobs, and raise domestic capacity and capabilities in line with Vision 2030 goals. As we at ROSHN build momentum on our projects across the Kingdom, while gearing up for the global spotlight of Expo 2030 here in Riyadh, the agreements we have announced will accelerate our ability to deliver new ways of living, economic growth and diversification, and a higher quality of life for all in the Kingdom.”
Industry sources further added that ROSHN has signed three contracts with local partners at the forum, formalizing new collaborations to enhance its delivery of transformative real estate developments across the Kingdom:
A) Alayuni Investment & Contracting Company to design and build 400+ single-family homes and public amenities and facilities in the F1 and D1 neighborhoods of ROSHN’s ALFULWA community in the Eastern Province.
B) ANSAB General Contracting Company to design and build potable water and sewage pipelines; CEC plots, landscaping, and infrastructure; and data collection and studies in ALFULWA.
C) Saudi Ceramics Company to cooperate and collaborate in the realm of ceramic products, including tiles, sinks, bathtubs, and water-saving toilets to ROSHN developments. The agreement builds on ROSHN’s existing water and energy conservation efforts that already go above and beyond the mandated Saudi Building Code.
Industry sources further added that ROSHN’s partnerships further contributed to its Vision 2030 commitments to build a dynamic, diverse, and localized Saudi economy, with growing new industries, strong investment, and space for entrepreneurs. These partnerships build on recent agreements, including ROSHN’s multi-million SAR commercial partnerships with Saudi companies including PC Marine Services and Saudi Pan Kingdom Company.
ROSHN was also there to stress the opportunities it is creating for local, regional, and international private sector companies to become part of Saudi Vision 2030-enabling strategy for long-term growth through partnerships.
ROSHN’s commercial team conducted a demand-signaling workshop that engaged with private sector entities to showcase opportunities to work with ROSHN while providing further insight into the values that guide its work and partnerships, answering questions directly from attendees. The team also offered insight into the Group’s strategy, ambitions, and plans that will create yet more partnership opportunities.
Industry sources further briefed that the PIF Private Sector Forum is part of PIF’s Private Sector Engagement Strategic Initiative to showcase opportunities for investors and suppliers in PIF portfolio company projects. Over 80 PIF portfolio companies attended, alongside over 8,000 private sector representatives and 20+ Saudi government ministers.
ROSHN participated in the forum through its role as a PIF-owned giga-project developing transformative mixed-use real estate coast-to-coast across the Kingdom. The unprecedented scale and speed of ROSHN’s developments are creating numerous opportunities for partnerships, ranging from construction to consultancy, as the Group works to fulfill its mission and Vision 2030 mandate.
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