Alramz Real Estate, Saudi Arabia has signed a significant agreement with ROSHN Group, a company owned by the Public Investment Fund (PIF), to acquire and develop two residential land plots covering 14,128 square meters in the Sedra community area of Riyadh.
Under the terms of the agreement finalized on 15 February 2026, Alramz will purchase the land for SAR 91 million and is committed to delivering high-quality residential units with an estimated total of 240 units. The overall contract value is around SAR 262 million.
The contract outlines responsibilities including design, construction, and full development in accordance with the approved plans and community regulations.
The development is scheduled to span 36 months from the date of land handover, with completion expected through 2026-2028. This project is anticipated to contribute positively to Alramz’s financial performance over the coming years and reinforces the company’s strategic focus on delivering premium residential solutions in one of Riyadh’s most dynamic communities
