The acquisition means that ROSHN, the national real estate developer has expanded its footprint in Riyadh with the purchase of Riyadh Front’s shopping and business areas that are positioned adjacent to the company’s flagship development, SEDRA.
“As a national developer with a long-term vision, we see a unique opportunity to integrate the world-class commercial and retail real estate of Riyadh Front with our groundbreaking SEDRA community, providing residents with improved access to amenities, exclusive promotions, rewards programs, and e-commerce options. The potential synergies are immense,” said David Grover, ROSHN’s Group CEO.
This is the latest move from ROSHN as it continues on its path to becoming a major player in the region. Riyadh Front features a mixed-use lifestyle mall of 80,000sq m, includes a wide range of tenants and receives over 10 million visitors annually.
