Roshn (stylized ROSHN; ) is a

real estate development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parce ...

company based in

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...

. The company was founded in August 2020 by the Saudi

Public Investment Fund The Public Investment Fund (PIF; ) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of billion. It was created in 1971 for the purpose of investing funds on be ...

as one of its

Megaproject A megaproject is an extremely large-scale construction and investment project. A more general definition is "Megaprojects are temporary endeavours (i.e. projects) characterised by: large investment commitment, vast complexity (especially in org ...

s. As one of Saudi Arabia's Vision 2030 goals, Roshn aims to enable home ownership to 70% of Saudi nationals.

History

Roshn was officially launched by the Saudi

on 19 August 2020 as one of its 5 megaprojects, which are:

Neom Neom (styled NEOM; , ) is an arcology and planned city being built by Saudi Arabia in Tabuk Province. Launched in 2017 by crown prince Mohammad bin Salman, the site is at the northern tip of the Red Sea, due east of Egypt across the Gulf of A ...

, Red Sea Project, Qiddiya, and

Diriyah Diriyah (; formerly romanization of Arabic, romanized as Dereyeh and Dariyya) is a towns in Saudi Arabia, town and governorate in Saudi Arabia. Located on the northwestern outskirts of the Saudi capital, Riyadh, Diriyah was the original home of t ...

Company. On 24 August 2022, Roshn secured naming rights to the

Saudi Pro League The Saudi Pro League (SPL), also known as the Roshn Saudi League (RSL) for sponsorship reasons, is a professional association football league in Saudi Arabia and the highest level of the Saudi football league system. The SPL is regarded as th ...

in a five-year deal worth $127 million. Following

Karim Benzema Karim Mostafa Benzema (born 19 December 1987) is a French professional Association football, footballer who plays as a Striker (association football), striker for and Captain (association football), captains Saudi Pro League club Al-Ittihad Clu ...

's signing with Ittihad football club in June 2023, Roshn signed a three-year deal with the club to become its platinum sponsor. In September 2023, Roshn signed a 45-month deal worth $2.06 billion with

China Harbour Engineering Company China Harbour Engineering Company Ltd (CHEC) is an engineering contractor and a subsidiary of China Communications Construction Company (CCCC), providing infrastructure construction, such as marine engineering, dredging and reclamation, road a ...

to develop Riyadh's Sedra and Warefa communities.

Projects

Communities

The following list contains all of the residential communities currently being developed by Roshn:

Roshn Stadium

In July 2024, Roshn announced “Roshn Stadium”, a stadium with a capacity of 45,000 in Southwest

Riyadh Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the Riyadh Governorate. Located on the eastern bank of Wadi Hanifa, the current form of the metropolis largely emerged in th ...

. The stadium spans over an area of more than 450,000 square meters. Roshn Stadium is set to host

2034 FIFA World Cup The 2034 FIFA World Cup will be the 25th FIFA World Cup, a quadrennial international Association football, football tournament contested by the List of men's national association football teams, men's national teams of the member associations of ...

matches.

Awards

*Saudi Arabia's Best Place to work for the years 2021, 2022, and 2023 presented by bestplacestoworkfor.org

References

External links

Official Website
{{Saudi Arabia topics Business organisations based in Saudi Arabia Public Investment Fund