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ROSHN, wholly owned subsidiary of the Public Investment Fund (PIF), signed new partnerships with Shapoorji Pallonji Mideast and Siemens Ltd. to support the development of the first phase of its Riyadh community development.

 

The company awarded a contract to Shapoorji Pallonji Mideast to construct 3,000 homes, along with associated utilities, roads and landscaping. It also awarded a contract to Siemens Ltd. to provide detailed engineering, procurement, and the construction of all associated underground cabling totaling 26 kilometres.

 

The contracts are valued at SAR 1.9 billion, bringing total awarded contract to SAR 3.5 billion for the Riyadh community project, the developer said in a statement.

 

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