Roshn Group, the kingdom's leading multi-asset class real estate developer powered by Saudi wealth fund PIF, has announced that it has signed a sale and purchase agreement with Ajdan Real Estate Development Company for the construction of 113 villas under its Al Manar project in Makkah.
The villas will cover a land area of 32,921 sq m are is being set up by Roshn in a bid to boost integrated residential development to meet the needs of various segments of society.
Almanar is Roshn's first venture in Makkah and was launched in April last year. Located at the city's western gate, between the old and new expressways linking the city to Jeddah, it is 20 minutes away from the main mosque and under an hour from King Abdulaziz International Airport. Phase One features 4,149 residential units that will house more than 17,000 people on a footprint area of 2.5 million sq m.
Ideally situated at Makkah’s Western Gate, between the old and new expressways linking the city to Jeddah, Almanar community is exceptionally well-connected.
The community features the rich and vibrant array of amenities signature to Roshn Group developments, readily accessible from every home on walkable living streets, including, retail and commercial centers schools, and both local and Jumaa mosques, it added.-TradeArabia News Service