ROSHNA Giga Project Dedicated to Enhancing the Quality of Life in Saudi Arabia

ROSHN, a Saudi Arabian real estate developer, is a significant player in the country's ambitious giga-project portfolio. As a subsidiary of the Public Investment Fund (PIF), ROSHN is dedicated to transforming the urban landscape of Saudi Arabia through the development of modern, energy-efficient, and pedestrian-friendly communities. This article will delve into the details of ROSHN's giga-project, highlighting its objectives, achievements, and partnerships with international companies.

ROSHN's Objectives and Achievements

ROSHN was established in 2018 with the mission to revolutionize the way people live, work, and play in Saudi Arabia. The company is committed to enhancing the quality of life, improving access to housing, contributing to the country's GDP and supply chains, and providing attractive investment opportunities. By 2030, ROSHN aims to develop over 400,000 homes, 1,000 kindergartens and schools, and over 700 mosques, supporting the Vision 2030 goal to increase the rate of homeownership to 70% by the end of the decade

.

Key Projects in ROSHN

1. SEDRA: Launched in 2021, SEDRA is a 20 million square meter community in Riyadh that has already delivered homes ahead of schedule. This flagship project showcases ROSHN's commitment to sustainability, with features such as high-tech insulation, solar water heaters, and efficient air-conditioning systems.
2. ALAROUS: Located in Jeddah, ALAROUS spans 4 million square meters and includes over 18,000 residential units. This project is part of ROSHN's broader strategy to enhance the urban landscape and provide modern amenities in sustainable environments.
3. WAREFA: Set to amplify Riyadh's bustling Al Janadriyyah district, WAREFA covers 1.4 million square meters and includes more than 2,000 residential units. This project is designed to offer a mix of residential unit types, enhancing the community's diversity and livability.
4. ALFULWA: Situated in the Eastern Province, ALFULWA covers 10.8 million square meters and includes 18,000+ units. This integrated community aims to provide a sustainable living environment with green spaces and tree-lined paths.

Partnerships and Collaborations at ROSHN

ROSHN's commitment to innovation and sustainability extends beyond its internal operations. The company has forged strategic partnerships with international companies to enhance its projects and services. One notable partnership is with what3words, a location technology solution provider. ROSHN has adopted what3words addresses in its communities to improve location accuracy and enhance the overall customer experience. This integration allows residents to find and share precise addresses using three simple words, whether in English or Arabic.

Contributions to the Economy and Society

ROSHN's projects are not only transforming the urban landscape but also contributing significantly to the Saudi economy and society. By developing large-scale residential and mixed-use communities, ROSHN is creating thousands of new jobs and boosting local economies. The company's commitment to sustainability and innovation is also aligned with the broader goals of Vision 2030, which aims to diversify the economy and reduce the kingdom's reliance on oil.

ROSHN, a Saudi Arabian real estate developer, has partnered with several international companies to enhance its projects and services. These partnerships reflect ROSHN's commitment to innovation and its role in shaping the future of Saudi real estate. Here are some notable non-Saudi companies involved in the ROSHN giga project:

ROSHN International Partnerships

What3words

ROSHN's partnership with what3words is a prime example of its commitment to innovation and customer experience. what3words has divided the world into 3-meter by 3-meter squares, each with a unique combination of three words. This technology allows for precise location identification, enhancing the efficiency and convenience of various services. ROSHN has integrated what3words addresses in its communities, making it easier for residents to find and share locations. This partnership not only benefits ROSHN but also contributes to the broader digital services sector in Saudi Arabia.

Other Partners

1. ISO Certification Bodies: ROSHN has achieved several ISO certifications, including ISO 9001 Quality Management, ISO 45001 Occupational Health and Safety, ISO 14001 Environmental Management, and ISO 50001 Energy Management. These certifications demonstrate ROSHN's commitment to international standards and best practices in various operational areas.
2. British Standards Institute (BSI): ROSHN became the first developer in the GCC to secure the BSI Kitemark for Smart Cities, highlighting its focus on smart city development and innovation.
3. Local and International Suppliers: ROSHN has partnered with local businesses such as PC Marine Services, Saudi Abyat, and Saudi Pan Kingdom Company, as well as international suppliers, to establish strong and sustainable supply chains. These partnerships help maximize the Kingdom’s retention of capital, reduce the risk of external shocks, and diversify domestic investment.
4. Technology Firms: ROSHN has collaborated with various technology firms to develop digital solutions for property buying and management. This integration enhances the efficiency and convenience of various services, aligning with ROSHN's vision of modern and aspirational communities.

ROSHN has also collaborated with other international companies to enhance its projects and services. For instance, the company has partnered with various technology firms to develop digital solutions for property buying and management. These partnerships reflect ROSHN's drive to marry technology with an enhanced quality of life for its customers

• AECOM (USA): Providing master planning, design, and construction management services.
• Foster + Partners (UK): Involved in the design of residential and commercial buildings.
• WSP Global Inc. (Canada): Contributing to infrastructure and smart city technologies.
• Siemens (Germany): Providing smart city solutions, including energy-efficient systems and digital infrastructure.
• Arup (UK): Working on structural engineering, sustainability consulting, and urban planning.
• Larsen & Toubro (India): Contributing to construction and infrastructure development.
• Katerra (USA): Involved in off-site construction and modular building solutions.
• Deloitte (Global): Providing advisory services for various aspects of the development.
• Buro Happold (UK): Offering engineering and consultancy services for sustainable design and construction.
• Mott MacDonald (UK): Providing engineering, management, and development consultancy services.
• **Shapoorji Pallonji** wins Roshn residential contract: Shapoorji Pallonji has secured a design-and-build contract from Roshn for a major residential project in Riyadh. The scope of work includes development of 429 single-family residential units within Phase Two of Roshn’s flagship project – Sedra – in Riyadh with an emphasis on sustainability and reduced utility costs.
• **China Harbour Engineering company** wins commercial contract to build 6700 residential units : The contract, worth SR7.7 billion, has been awarded to China Harbour Engineering Company for the construction of 6,700 residential units as well as retail and supporting public amenities including mosques and community centres at Roshn’s Sedra and Warefa communities in Riyadh. Roshn said this commercial contract was the largest in value to be announced among all Saudi giga-projects till date and the entire work would be completed within a 45-month period.

Opportunities for International Companies with ROSHN

Construction and Infrastructure

This includes the development of residential units, commercial spaces, and public infrastructure, as well as integrated systems for utilities, transportation, and communication.

Real Estate Development

International companies can be engaged in the development of high-quality housing units ommercial centers, office spaces, and retail complexes.

Technology & Innovation

With the rise of the digital transformation in the Kingdom, the opportunities are abundant to provide innovative solutions for digital infrastructure, including IoT, AI, and cybersecurity. this is in addition to the need for smart home solutions in the new residential projects.

Energy & Sustainability

Firms specializing in solar, wind, and other renewable energy sources can contribute to the sustainability goals of ROSHN.

How does ROSHN plan to achieve its goal of boosting national GDP by SAR312 billion

ROSHN, a Saudi Arabian real estate developer, aims to boost the national GDP by SAR312 billion by 2030 through several key initiatives:

1. Developing over 400,000 homes across the country, which will account for approximately 30% of all new housing stock in Saudi Arabia by 2030. This massive construction effort will contribute significantly to economic growth and job creation.
2. Building 1,000 kindergartens and schools, over 700 mosques, 2 million square meters of retail space, and 5 million square meters of commercial office space. These complementary facilities will support the growth of vibrant communities and create additional economic opportunities.
3. Partnering with local businesses and suppliers to establish strong and sustainable supply chains. ROSHN has signed commercial partnerships with local companies like PC Marine Services, Saudi Abyat, and Saudi Pan Kingdom Company, totaling over SAR1.530 billion. These partnerships help maximize the Kingdom's retention of capital, reduce the risk of external shocks, and diversify domestic investment.
4. Creating up to 388,000 jobs by 2030 through its various projects and initiatives. By providing employment opportunities, ROSHN contributes to economic growth and the development of the local workforce.
5. Attracting foreign investments and fostering increased economic expenditure in the Kingdom. Saudi Arabia has set ambitious expectations, anticipating a substantial influx of $7 trillion in investments and government spending to materialize within the concluding decade.
6. Diversifying the Saudi economy away from oil dependency, in line with the Vision 2030 goals. ROSHN's focus on real estate, infrastructure, and community development supports the broader economic transformation of the country.By leveraging its scale, partnerships, and alignment with national priorities, ROSHN is well-positioned to make a significant contribution to Saudi Arabia's economic growth and GDP expansion over the next decade.

ROSHN Giga Project Governance and Oversight

1. Wholly Owned by PIF: ROSHN is a wholly owned subsidiary of the Public Investment Fund (PIF), ensuring strong governance and oversight. The PIF's general strategy and Vision 2030 goals guide ROSHN's operations and investments.
2. Continuous Monitoring and Evaluation: The PIF regularly monitors and evaluates the progress of ROSHN's projects to ensure they align with national priorities and contribute to the Kingdom's economic transformation. The ROSHN giga project has made significant progress, with several key developments already completed or nearing completion. For instance, The first phase of SEDRA in Riyadh was completed ahead of schedule, with residents moving into their homes in 2022.

ROSHN's giga-project is a testament to Saudi Arabia's ambitious plans to transform its urban landscape and diversify its economy. By developing sustainable and modern communities, ROSHN is contributing to the country's Vision 2030 goals and enhancing the quality of life for its residents. The company's partnerships with international companies, such as what3words, demonstrate its commitment to innovation and its role in shaping the future of Saudi real estate. As ROSHN continues to deliver on its promises, it is poised to become a national champion in the real estate sector, leaving a lasting impact on the kingdom's urban development and economic growth.