Leading Saudi developer Roshn has been awarded ‘Biggest Housing Project in the Western Region’ at the 2022 Restatex exhibition for its prime project in northern Jeddah - Alarous - a 4 million sq m development featuring 18,000 residential units along with other key amenities.
A national real estate developer, owned by Saudi Arabia’s Public Investment Fund (PIF), Roshn has the mandate to deliver high-quality living standards to Saudis and support government efforts to increase rates of home ownership.
Alarous is the second Roshn development to be launched, following the successful opening of Sedra in Riyadh. Both projects bring innovations to the Saudi market, offering community-based living in environments that prioritize people, rather than cars.
As well as enjoying a wide array of amenities within walking distance, Roshn customers have access to attractive public spaces, including green areas and communal facilities such as local majlis, as well as ‘living’ streets characterised by curb-less roads and homes without perimeter walls, stated the developer.
The award was presented to Roshn’s Group CEO David Grover yesterday (October 10) at the 2022 Restatex Real Estate Exhibition being held in Jeddah. The expo aims to highlight the real estate sector's vital role in economic diversification – a key goal of Kingdom’s Vision 2030.
"We are delighted to receive this award. We are bringing our vision of a new way of living to the entire nation, and our first project outside Riyadh is an important milestone on this journey," stated Grover after geting the award.
"We’ll continue to support Vision 2030’s ambitious housing goals, developing communities that provide quality homes and lifestyles to customers in nine cities in four regions over the coming years," he added.
Roshn was also the diamond sponsor of this year’s exhibition, held under the patronage of Minister of Municipality, Rural Affairs & Housing Mr. Majed Ben Abdullah Al Hogail.
In sponsoring the nation’s largest annual real estate event, Roshn is helping to catalyse the real estate ecosystem, sparking business and investment opportunities within the real estate sector including developers, marketers, financiers, investors, and buyers, it added.-TradeArabia News Service