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Saudi developer starts delivery of Sedra Phase One homes

RIYADH, November 22, 2022

Roshn, a national community developer fully owned company by the Saudi Public Investment Fund (PIF), has announced that it has begun handing over the villas and townhouses within the Phase One of its landmark development, Sedra, in northern Riyadh, ahead of schedule. 
 
Roshn's first project in the kingdom, Sedra is being developed over eight phases in the capital's vibrant northern corridor. It boasts an 'open living' design principle built around public spaces, green areas, communal facilities such as local majlis, and 'living' streets characterized by curb-less roads and homes without perimeter walls.
 
When completed, it will add more than 30,000 residential units to Riyadh's housing stock and provide 20 million sq m of integrated neighbourhoods supported by education and healthcare infrastructure, retail outlets, restaurants, parks, shaded footpaths, cycle tracks and carefully tended green spaces.
 
Announcing the handover, Group CEO, David Grover said new homeowners are receiving the keys and title deeds to villas and townhouses within Sedra's Phase 1, thus making them the first to take possession of properties in Roshn community.
 
"This handover is a momentous occasion not just for us but for the kingdom at large. While this marks another step on our journey to provide high-quality homes to the Saudi people, we are also driving change, creating a new concept of living, and adding to the quality of life of our citizens and residents," he noted. 
 
"Sedra will be the first project that sees our vision for the future become a reality on the ground and I am excited for our first residents to experience the Roshn way of life," added Grover.-TradeArabia News Service



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