The Public Investment Fund in Saudi Arabia has launched a new company called Roshen Real Estate, which is a national company that aims to develop integrated neighborhoods that contain modern residential communities in different regions of the Kingdom.
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According to Arabiya Net, Roshen Real Estate focuses its efforts on contributing to the development of the housing sector through developing integrated neighborhoods in line with the best standards applied in this strategic sector. Also, in localizing the best international practices and technologies, in order to enhance the quality of life in various parts of the Kingdom, as the company seeks to contribute to meeting the increasing demand for housing in the Kingdom from various segments of society, according to the Saudi Press Agency.
Roshen Real Estate will enhance the contribution of the Public Investment Fund in strengthening strategic partnerships with the private sector and investors, as it will support and develop the contracting and building materials sector by adopting innovative construction methods and modern technologies. In building infrastructure, as well as focusing on developing and raising standards in the local sector.
The establishment of the company is part of the investment strategy pursued by the Public Investment Fund, according to the fund's program (2018-2020), by contributing to achieving the goals of the Kingdom's Vision 2030 by strengthening Home ownership in the Kingdom, with an average of 70%, and a contribution to raising the quality of life.
The company’s focus is on providing neighborhoods and various urban projects so that all citizens in the Kingdom can benefit from them. The development and establishment of these projects will contribute to creating many job opportunities in the sector. Construction, construction, maintenance and related infrastructure sectors.
(Amazon fun knowledge)
