RIYADH: Saudi developer Dar Al Arkan has won a contract to develop residential units in SEDRA, an integrated community project being developed in northern Riyadh by national developer ROSHN, a Public Investment Fund-backed company.
This brings two of the leading property developers in 海角直播 together as both look to combine their expertise to bring more variety to ROSHN鈥檚 housing offering at SEDRA.聽
鈥淲e will deliver beautiful and well-appointed villas in the community that will further raise the bar for luxury residences in 海角直播,鈥 said Yousef Al Shelash, chairman of Dar Al Arkan.
Being developed in eight phases, SEDRA is set to add 30,000 residential units to Riyadh鈥檚 housing stock once completed in three years. The project is being constructed over 20 million square meters of neighborhoods.聽
A flagship development of ROSHN, SEDRA recently won the 鈥楻esidential Project of the Year鈥 award at the Construction Week Middle East 2022 Awards held in Dubai.聽
The project will offer a diverse mix of residences built around a 鈥榳ork, live and play鈥 model, the company said in a press release, adding that it will foster a sustainable community.
ROSHN said it seeks to bring a new concept of integrated, human-centric, livable communities to the Kingdom.聽 SEDRA鈥檚 facades are influenced by the 鈥楽almani鈥 style of architecture, it said. The company said the project will have a blend of tradition and modernity, while it will have natural features including a wadi and an acacia forest.聽
鈥淏ringing the ROSHN concept to life requires novel ways of thinking, new partnerships with the top entities in their fields, and innovative solutions to address the challenges of the future. As a development sector enabler, ROSHN leverages its partnerships to ensure we bring the highest quality homes to markets, across the Kingdom,鈥 said聽ROSHN Group CEO, David Grover.聽
Dar Al Arkan Properties is fast growing its portfolio across the Kingdom and expanding its international footprint. It boasts a track record of delivering 15,000 residential units and over 50,000 square meters of commercial space.聽
ROSHN's ethos is to develop communities that look both to Saudi heritage and the evolving aspirations of the Saudi people. The master developer operates across a broad range of asset classes and land uses, including residential, retail, commercial, hospitality, and public and civic facilities.
