Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF) announced on Wednesday launching ROSHN, the new company specialized in developing world-class integrated urban communities across the Kingdom, the fund said in a statement.

 

ROSHN will enhance the sovereign wealth fund’s contribution to strategic partnership opportunities with the private sector and investors.

 

It will also benefit from increasing demand for housing in the Kingdom.

 

The company will focus on developing urban communities that can be accessed by Saudi citizens, the statement added.

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