ROSHN Partners with Singapore Cooperation Enterprise to Drive Real Estate Innovation

ROSHN Group, a Public Investment Fund (PIF) subsidiary, has signed a memorandum of understanding (MoU) with the Singapore Cooperation Enterprise (SCE) to promote innovation and collaboration in the real estate sector. The agreement focuses on fostering institutional partnerships, sharing best practices in urban governance, and developing frameworks for joint efforts in urban planning and commercial procurement.
The MoU was signed during a visit by ROSHN representatives to Singapore as part of the Group's 'ROSHNEXT' innovation program. The visit aimed to explore cooperation opportunities with Singaporean government bodies, academic institutions, and private-sector entities active in the real estate industry.
Throughout the visit, ROSHN engaged with leading researchers, policymakers, and industry professionals to exchange expertise and explore areas for long-term collaboration. Discussions centered around applied research, skill development, and the potential for joint innovation programs. Topics also included cutting-edge approaches to urban planning, engineering, infrastructure, and property technology.
Yassen Kattan, ROSHN Group's Executive Director of Strategy and Corporate Affairs, emphasized that the partnership with SCE marks a significant step toward sustained innovation. He highlighted the collaboration's role in integrating advanced solutions into the design, development, and operation of urban communities, supporting Saudi Arabia's broader goal of building a knowledge- and innovation-driven economy.
Related Topics:
ROSHN Green Initiative Center: Inspiring Future Environmental Leaders
Saudi Arabia Welcomes Foreign Real Estate Investors Outside Holy Cities
All You Need to Know about Hajj Rituals: A Step-by-Step Guide
Discover Top Hotels Near Masjid Al-Haram for Hajj 2025
Short link :
Post Views: 8

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Arab News

2 days ago

• Arab News

New award honors top Hajj hospitality centers

MAKKAH: Amr Al-Maddah, undersecretary for Hajj and Umrah services at the Ministry of Hajj and Umrah, has launched the inaugural Ekram Excellence Award for Hajj season 2025. The award recognizes top-performing hospitality centers affiliated with Ekram Al-Dayf, a division of Ashraqat company serving Arab pilgrims, the Saudi Press Agency reported. Adnan Saleh Al-Shehri, adviser for excellence and awards at Ekram Al-Dayf, said the initiative aims to inspire excellence in administration and operations. It seeks to deliver high-quality, sustainable services in line with Vision 2030, the ministry's goals, the Pilgrim Experience Program, and Ekram Al-Dayf's strategy. The award honors outstanding centers, promotes a culture of quality and commitment, and encourages compliance with service standards. It also aims to boost competition among providers, improve performance indicators, and support innovation, according to the SPA. The initiative further promotes social responsibility, volunteerism, and enhances the overall pilgrim experience. It aligns with the ministry's broader efforts to raise hospitality standards and ensure an exceptional Hajj journey.

Argaam

2 days ago

• Argaam

ROSHN aims to develop 400,000 units, awards 71% of contracts locally

ROSHN Group aims to develop 400,000 residential units and mixed-use projects, adding that contracts for the Northern Riyadh-based SEDRA development have exceeded SAR 19 billion. In an interview with Argaam, ROSHN said it supports the localization of supply chains. Around 71% of its 2024 contracts were awarded to domestic firms, while local developers have invested an estimated SAR 2 billion in the Public Investment Fund (PIF)-backed company's projects. Achieving supply-demand balance is deemed a core pillar of ROSHN's strategy. It conducts analytical studies before launching any project and coordinates with authorities to align developments with market needs. ROSHN also supports efforts targeting sector regulation. It also plays part in addressing rising prices in Riyadh by offering integrated, diversified housing options aimed at enhancing affordability and stabilizing prices. What is the size of ROSHN Group's investments in the Saudi real estate market to date? What are its investment plans going forward? The group aims to develop 400,000 housing units, in addition to destinations and other mixed-use projects. ROSHN continues to inject significant capital into its Saudi real estate portfolio. In its flagship project SEDRA, located in northern Riyadh, the total contracts signed to date have exceeded SAR 19 billion. These cover construction and infrastructure works, including residential units, educational facilities, and retail spaces. Contracts were awarded to leading Saudi companies, as well as international firms operating locally. This supports national capacity building and boosts local content. The first phase of the SEDRA community has been completed. On the financing side, ROSHN secured SAR 9 billion in September 2024 from a consortium of local banks. An additional SAR 2 billion was raised to accelerate commercial and retail works at the ROSHN Front development in Riyadh. How does ROSHN work to balance supply and demand in the housing market, especially in major cities with growing populations? Supply and demand balance is fundamental to ROSHN's long-term strategy, particularly in high-growth cities experiencing rapid population increases. The company works in close coordination with authorities, municipalities, and other developers to ensure its projects complement current and future housing needs. Prior to any project launch, ROSHN conducts detailed data-based analysis to assess the existing housing supply, ongoing developments, and projected demand in the target area. It also analyzes market structure, including demographics, growth rates, and pricing trends. This is part of its commitment to delivering housing solutions that reflect community needs and national priorities. In light of Crown Prince directives to rebalance the real estate sector and address rising land and rent prices in Riyadh, what role does ROSHN play in supporting this regard? ROSHN plays a pivotal role in supporting sector regulation and addressing challenges related to housing supply and price balance. Its projects offer a wide range of residential options with various spaces, designs, and price points, catering to different segments across the Kingdom. These developments are integrated with commercial, educational, and entertainment facilities. The group seeks to facilitate local homeownership through strategic partnerships with leading financial institutions. A key example is its collaboration with Saudi Awwal Bank (SAB), enabling clients to convert cash purchases into bank financing. ROSHN is also expanding its portfolio to include assets in hospitality, sports, and retail. To what extent do ROSHN's projects contribute to direct and indirect job creation? Are there training and development programs for national talents within these projects? ROSHN's projects across the Kingdom have created over 200,000 direct and indirect jobs. The group invests in training and development programs to build local cadres that are capable of leading the sector's future. Saudization rates across its operations currently exceed 70%. ROSHN also works to localize its supply chains. In 2024, 71% of the group's contracts were awarded to local entities, while local developer investments reached SAR 2 billion. In the design sector, ROSHN launched the MUSAHAMA program in partnership with PIF. This initiative aims to showcase local design talents and expand the use of national resources. The program's first edition launched earlier this year, honoring emerging Saudi architects and local design firms for their innovative ideas. ROSHN contributed to the acceleration of the Kingdom's construction sector. The Ministry of Investment's data showed that 380 building permits were issued in 2024 alone, reflecting strong market momentum and increased investor confidence. The sector is expected to post an annual growth rate of 5.4% between 2026 and 2029, driven by the ingoing transformation initiatives. Given the ongoing tensions surrounding US tariffs, are there concerns about potential impacts on construction materials and supply chains? ROSHN focuses on building local supply chains and establishing long-term partnerships with domestic manufacturers and suppliers. This in turn supports the local construction sector and minimizes exposure to external risks. The group has signed procurement agreements with strategic partners to secure essential building materials at competitive prices and high quality. These deals are based on clear, long-term planning and offer suppliers a detailed view of ROSHN's needs over the next 10 to 15 years. Such transparency enables suppliers to invest and expand capacity inside the Kingdom in line with the group's growth trajectory. ROSHN incorporates local-made materials in its approved construction standards and works with international partners to localize manufacturing when needed. One example is its partnership with China Harbour Engineering Arabia Co. Ltd., resulting in the creation of an advanced precast facility in Riyadh in 2023. The facility is part of a SAR 7.2 billion contract. As part of its commitment to local content and integrated national supply chains, the PIF-backed developer launched the ROSHN Supply Chain Forum in 2024, bringing together contractors, consultants, and manufacturers to explore collaboration opportunities within its developments.

Argaam

3 days ago

• Argaam

ROSHN launches 1,000-unit project in Dhahran

ROSHN Group, a real estate developer backed by Saudi Arabia's Public Investment Fund (PIF), launched the first phase of sales for its new residential community 'ALDANAH' in Dhahran. The phase comprises over 1,000 units and is part of a larger master-planned project that will deliver more than 2,000 homes once completed. ROSHN said the first phase includes a range of floor plans and architectural designs, featuring both standard and premium villas, as well as duplexes. The project includes various amenities and dedicates more than 145,000 square meters to green spaces and pedestrian areas. ALDANAH is located at the confluence of Dammam, Dhahran, and Al Khobar, next to King Abdulaziz Road and about 35 minutes from King Fahd International Airport.