Monday 27 March 2023

Roshn unveils 18,000-unit residential project in Eastern Province

RIYADH, 12 days ago

Roshn, a leading Saudi community developer backed by the kingdom's wealth fund PIF (Public Investment Fund), has announced the launch of Alfulwa, its fourth residential community in the kingdom, covering a 10.8-million-sq-m area on the Al Ahsa Oasis in the Eastern Province. 
The project, which is located 7km from the centre of Al Hofuf city, the major urban centre in the Al Ahsa Oasis, will feature more than 18,000 residential units with a population capacity of 100,000 people.
Built near Dakhna Mountain and Al Qarah Mountain, the Alfulwa project illustrates the unique cultural and geographical heritage of the region, providing an ideal mix of urban facilities amidst the stunning mountainous nature. 
The new residential community will also be developed in accordance with the Roshn Group's key design DNA, by providing high-quality residences, connected to a range of integrated utilities and public spaces that together form vibrant communities, it stated.
Unveiling the project, Group CEO David Grover said: "We are delighted to put our footprint in the Eastern Province, especially in Al Hofuf city, with this project, thus reflecting Roshn’s dedication to enhancing the urban landscape across the kingdom."
"Over the next few years, our objective is to create residential developments that provide the Saudi community with access to modern amenities in a sustainable and natural environment," he noted. 
According to Grover, Alfulwa project marks the fourth community launched by Roshn, following the successful introduction of Sedra and Warefah in Riyadh and Alarous in Jeddah. 
"With a focus on enriching the quality of life and fostering vibrant communities, Roshn is committed to realising the objectives outlined in Saudi Vision 2030," he stated.
Alfulwa project extends Roshn's vision of promoting the concept of sustainable housing and making it available to the largest possible segment of the Saudi society. 
"In its design and construction, Alfulwa adheres to the sustainability principle, contributing to a 18% reduction in energy consumption costs," noted Grover. 
"In addition, the project incorporates unique architectural features of the Eastern Province's buildings, which combine horizontal grooves and carefully crafted details, making it an ideal example of traditional architecture," he added.-TradeArabia News Service


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