Riyadh, Saudi Arabia – ROSHN Group, a prominent Saudi real estate developer, has inked its third consecutive agreement with Retal Urban Development Company to acquire and develop residential units in the flagship SEDRA community’s Phase 2B in Riyadh.
The SAR374 million ($99 million) deal will witness the construction of 363 single-family villas over 110,250 square meters within the next 36 months.
ROSHN Group Chief Development Officer, Oussama Kabbani, expressed enthusiasm about the continued collaboration with Retal. He highlighted the shared commitment to excellence and values of integrity and responsibility.
By partnering with Retal Urban Development Company, ROSHN contributes to the Kingdom’s homeownership goals and endeavors to strengthen and diversify Saudi Arabia’s economy, ROSHN said.
SEDRA, spanning eight phases over 35 million square meters, integrates nature and local heritage, creating a unique living experience. The latest agreement with Retal underscores the commitment to delivering a modern, upscale, and sustainable urban community.
