ROSHN and Ajdan Real Estate officials at the signing ceremony.

Roshn Group, the kingdom’s leading multi-asset class real estate developer powered by Saudi wealth fund PIF, has announced that it has signed a sale and purchase agreement with Ajdan Real Estate Development Company for the construction of 113 villas under its Al Manar project in Makkah.

The villas will cover an area of  32,921 sq m and are being set up by ROSHN to boost integrated residential development to meet the needs of various segments of society.

Almanar is ROSHN’s first venture in Makkah and was launched in April last year. Located at the city’s western gate, between the old and new expressways linking the city to Jeddah, it is 20 minutes away from the Grand Mosque. Phase One features 4,149 residential units that will house more than 17,000 people on a footprint area of 2.5 million sq m.

The community features the rich array of amenities signature to ROSHN Group developments, readily accessible from every home on walkable living streets, including, retail and commercial centres, schools, and mosques, it added.