01 May 2024

Roshn Group, the PIF-owned giga project and Saudi Arabia’s leading real estate developer, launched two key mixed-use community projects in the kingdom last month.  These include Aldanah, its second in the Eastern Province and first in Dhahran; and Almanar, its first venture in Makkah city. Covering over 1.7 million sq m, Aldanah will add more than 2,500 world-class homes to the housing stock of the economic hub of Greater Dammam and will eventually be home to nearly 10,000 inhabitants.

Almanar, located at Makkah’s western gate, between the old and new expressways linking the city to Jeddah, is 20 minutes away from the main mosque and under an hour from King Abdulaziz International Airport.

Roshn said 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 architectural design of Almanar draws inspiration from the heritage of the Western Province; it features intricate details, like elliptical and geometric patterns on the facades. The seamless blend of history and modernity creates a harmonious connection between Makkah’s unparalleled heritage and the limitless potential of its future,” said a company spokesman (see also Page 28).

Meanwhile, Roshn Group has signed a SR215 million ($57.2 million) partnership agreement with leading developer Dar Al Arkan for the construction of residential villas within its Sedra community.

Roshn has previously partnered with global firms to provide smart and environment-friendly solutions for the residents of its compounds, said the company.

With the inking of sales and purchase agreement with Roshn, Dar Al Arkan said it is embarking on its second project within the prestigious Sedra community in northern Riyadh.

Spanning an impressive 56,280-sq-m area, the project will introduce 200 meticulously designed villas that epitomise luxury living in Saudi Arabia. 

• Roshn launches landmark Aldanah, Almanar projects
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• Hassan Allam unit wins Amaala hotel contract
• Alstom to upgrade Jeddah Airport’s APM system
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• KSA to develop 320,000 hotel rooms, costing $37.8bn
• Urbas wins $266m Saudi residential project contract
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