RELEASE: SEDRA, a ROSHN flagship project, welcomes its first residents

RIYADH, Saudi Arabia, Nov.

RELEASE: SEDRA, a ROSHN flagship project, welcomes its first residents

RIYADH, Saudi Arabia, Nov. 22, 2022 /PRNewswire/ -- ROSHN, the national property developer bringing new sustainable lifestyles to the Kingdom, has started the process of handing over homes ahead of schedule at SEDRA, its landmark development in the north of Riyadh. New owners are receiving keys and title deeds to villas and townhouses located in SEDRA Phase 1, making them the first clients to take ownership of their properties in a ROSHN community.

"The delivery of ROSHN's first home marks a momentous moment not only for ROSHN but for the Kingdom as a whole. As this marks another step on our journey to provide high-quality housing for the Saudi people, we are also boosting the change, creating a new concept of life and adding quality of life to our citizens and residents SEDRA will be the first project where our vision of the future is realized on the ground and I am very excited for our first residents to experience the style of ROSHN's life," explained David Grover, CEO of the group.

ROSHN facilitates the moving process for its clients by providing specialized advisors who act as a single point of contact before, during and after the delivery. New residents also have access to the ROSHN Contact Center, which can answer customer inquiries on a wide range of issues, from visitor access to how to take advantage of special offers provided by ROSHN members.

SEDRA becomes ROSHN's first project in the Kingdom and takes place in eight phases in Riyadh's vibrant northern corridor. The start of the delivery process of its first phase makes it the first Saudi giga-project to be delivered to customers. When completed, it will add more than 30,000 residential units to the capital's housing stock and provide 20 million square meters of integrated neighborhoods, with educational and health infrastructure, shops, restaurants, parks, shaded walkways, bike lanes and carefully landscaped green spaces. catered.

ROSHN is also taking its vision to the west coast of the Kingdom: ALAROUS, announced in May this year, will add more than 18,000 new homes to the northern Jeddah housing stock. The project follows the same winning formula as SEDRA, including its "open living" design principle, built around public spaces, green areas, communal facilities such as local majlis, and "living" streets characterized by curbless streets and houses without perimeter walls.

About ROSHN:

ROSHN is a national real estate developer, owned by the Saudi Arabian Public Investment Fund (PIF). Its mission is to provide Saudis with a high-quality standard of living and to support government efforts to increase the rate of home ownership. ROSHN builds communities that take into account both Saudi heritage and the evolving aspirations of the Saudi people, acting as a lead developer, real estate developer and operator in a wide range of asset classes and land uses, including residential, commercial, hospitality and public/civic

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