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In August 2020, the Public Investment Fund of Saudi Arabia established Roshn, a real estate firm for the development of urban communities across the country. [8] The project is slated to be developed in eight phases with 30,000 residential units spread across 20 million square meters. [9] [10]
'The New Murabba') is a planned mixed-use real estate development in northwestern Riyadh and easternmost Diriyah, Saudi Arabia. It was announced in February 2023 by Saudi crown prince Mohammed bin Salman as the world's largest modern downtown project.
Roshn (stylized ROSHN; Arabic: روشن) is a real estate development company based in Saudi Arabia. The company was founded in August 2020 by the Saudi Public Investment Fund as one of its Megaprojects. As one of Saudi Arabia's Vision 2030 goals, Roshn aims to enable home ownership to 70% of Saudi nationals. [3]
Dar Al Arkan Real Estate (DAAR) (Arabic: دار الأركان) is a Saudi Arabian property development company. It is the largest developer by market value in Saudi Arabia. [3] Dar Al Arkan is also involved in the acquisition, development, construction, maintenance, demolition, and restructuring of residential and commercial buildings. [4]
Red Sea Global (RSG; Arabic: البحر الأحمر الدولية), previously known as The Red Sea Development Company, [4] is a real estate development company based in Tabuk, Saudi Arabia. The company was founded in July 2017 by the Saudi crown prince Mohammed bin Salman, and is owned by the Public Investment Fund. [5]
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The Mukaab (Arabic: المكعّب, romanized: mukaʻʻab, lit. 'cube', ) is a proposed architectural project to build a 400-meter (1,300 ft) tall cube-shaped skyscraper in the al-Qirawan district of Riyadh, Saudi Arabia, one of the five neighborhoods of the planned real estate development of New Murabba.
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