Saudi Arabia real estate developer Roshn, a Public Investment Fund (PIF)-backed company, has started the construction on its Warefa community in Riyadh. The Warefa project was launched in March. It spans 1.4 million square metres (sq m) and includes 2,000 homes, as well as a district mall, a primary healthcare facility, public and private schools, mosques and 160,000 sq m of public parks and open spaces. In September, Roshn and Chinese contractor China Harbour Engineering Company signed two deals worth $2.05bn to develop Roshn’s Sedra and Warefa communities in Riyadh. The contract duration is 45 months from the construction start date. The agreement was signed on the sidelines of the Cityscape Global event in Riyadh.  Roshn had awarded the first construction contract for its newly launched Marafy project in Jeddah. The $184m early works contract was awarded to the local Projects Company for Marine Services. The scope of the contract includes ground excavation and shore protection works. The company plans to develop more than 395,000 residential units in cities within Riyadh, Mecca, Asir and the Eastern Region. Roshn is developing the Sedra community, which is masterplanned to include 30,000 homes across eight phases, in northeast Riyadh. (ICE RIYADH)

Fonte notizia: Construction Week