ROSHN, the Saudi real estate developer backed by the PIF, has awarded contracts worth SAR 9 billion (approximately $2.4 billion) for its community projects across the country. This is according to the latest news from Arab News, Trade Arabia, and other news sources last week.
Chinese and Saudi companies signed these contracts during the debut of Cityscape Global in Riyadh. These contracts cover construction, primary and secondary infrastructure, and fittings.
CHINA HARBOUR ENGINEERING COMPANY SECURES THE LARGEST CONTRACT
The first contract with the China Harbour Engineering Company is worth SAR 7.7 billion. This contract includes the construction of 6,700 residential units, along with retail spaces and essential amenities such as mosques and community centres. These developments will be part of ROSHN's Sedra and Warefa communities in Riyadh. The entire project is due for completion within 45 months, according to news reports.
CANAL AND BRIDGE CONSTRUCTION DEAL WITH SAUDI GROUP PC MARINE SERVICES
The second contract with Saudi group PC Marine Services is worth SAR 690 million. The work here focuses on canal and bridge construction within Roshn's Marafy community. This connects to Alarous in Jeddah, according to news reports.
SAUDI ABYAT TO SUPPLY HIGH-QUALITY KITCHENS
ROSHN awarded the third contract to Saudi Abyat but with no clear monetary value. This involves the design and supply of around 12,000 high-quality kitchens. It includes both the kitchen construction and fittings for many upcoming Roshn communities, according to news reports.
INFRASTRUCTURE WORKS CONTRACT WITH SAUDI PAN KINGDOM COMPANY
The fourth contract with the Saudi Pan Kingdom Company is worth SAR 840 million. This agreement covers primary and secondary infrastructure works for Roshn's upcoming communities in the western regions of Saudi Arabia, according to news reports.
ROSHN'S CEO ON THE IMPORTANCE OF THESE CONTRACTS
CEO David Grover expressed his pride in announcing these multi-billion-dollar commercial partnerships. He highlighted that they are key in leveraging both Saudi and international expertise to improve Saudi Arabia’s construction and real estate sector. Grover also mentioned how they will support supply chains and encourage foreign direct investment (FDI).
Furthermore, these partnerships support local suppliers by involving them in Roshn's flagship projects. Grover underlined that these commercial collaborations align with the company's vision to create transformative, sustainable, and people-focused communities. While ROSHN's primary focus remains on delivering value to its customers, it also contributes to the national economy and Saudi Arabia's strategic plan for the future, Vision 2030.