ROSHN Group, supported by Saudi Arabia’s Public Investment Fund (PIF), has signed major agreements with suppliers to boost local production in Saudi Arabia
Saudi Arabia’s ROSHN Group, owned by the Public Investment Fund (PIF), has made agreements with architecture firms, contractors, and technology providers to boost local production and improve supply chains in the country.
MoU Highlights
ROSHN signed several Memorandums of Understanding (MoUs) during its second Supply Chain Forum, as announced on Thursday.
- Smart Technologies & Services: Agreements were made with VIMAR for smart home technologies and AE7, a Dubai-based company, for architectural, engineering, and consultancy services.
- Local Production of Materials: Deals were signed with China Foshan Desilesi Home Technology, Guangdong SUNCOO Technology, Guangdong Hegeying Construction Engineering, and Ledman Optoelectronic to support local manufacturing of building materials.
- Sustainable Construction: An MoU was signed with Bton International to explore using sustainable, low-carbon concrete for construction projects.
Iain McBride, ROSHN’s executive director of commercial, stated that the company aims to encourage its suppliers to establish facilities and manufacturing operations in Saudi Arabia.
The forum hosted over 400 suppliers, reflecting ROSHN’s commitment to working with both local and global partners. This collaboration focuses on building manufacturing facilities within the kingdom.
ROSHN has already partnered with global suppliers to support its projects, including producing sanitaryware, sanitary fixtures, and setting up an on-site pre-cast concrete facility at SEDAR.
ROSHN’s New Look and Focus
This month, ROSHN announced a new brand identity to reflect its expanded goals. Instead of focusing only on housing projects, the company will now develop larger, mixed-use communities in Saudi Arabia, combining homes with other facilities.
ROSHN plans to include services like schools, healthcare, and transport to improve quality of life and support economic growth.
Its projects will feature 200 million square meters of residential properties and over four million square meters for shops, offices, and hotels.
Published: 22th November 2024
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