Saudi Arabia’s Public Investment Fund Creates ROSHN Real Estate
Posted on 08/19/2020
Saudi Arabia’s Public Investment Fund (PIF) formed a real estate unit called ROSHN Real Estate. Roshn is tasked to meet the growing demand for housing in Saudi Arabia. Roshn will be a national real estate development company. It will work on projects in Riyadh, the Eastern region, Jeddah, and Makkah.
According to a recent press kit, “ROSHN aims to support efforts to increase the rate of home ownership to 70% as part of Vision 2030, while also improving residents’ quality of life, providing jobs and creating opportunities nationwide.”
David Grover was named Group Chief Executive Officer of Roshn in July 2020. He is responsible for. He was previously Group Board Director at Mace Group in the United Kingdom.
