RIYADH: Roshn, the community developer backed by Saudi Arabia’s Public Investment Fund, has launched its first project in the Kingdom.
Sedra will be a 30,000-home development spread across an area of 20 million square meters north of Riyadh, south of King Khalid Airport, Roshn said in a statement.
More than 4,500 of the units will be built in phase one of construction, providing homes of various sizes and facades. They will be delivered ready to live in and come with kitchens, split unit ACs, water heating systems, and LED light fixtures, among other amenities.
“Our communities will represent a global exemplar in residential living and will play a vital role in further advancing the nation’s flourishing infrastructure and real estate sectors, which are crucial to the Kingdom’s economic diversification and growth goals,” said Roshn Group CEO David Grover.