Alramz Real Estate has confirmed a new agreement with ROSHN Group to purchase and develop a significant residential site in Riyadh. The deal, valued at SAR 91 million, involves two land plots within the SEDRA community. Covering a total area of 14,128 sqm, the project is expected to result in the creation of approximately 240 new residential units.

The agreement was signed on 15 February 2026. Under the contract, Alramz Real Estate will act as the buyer and developer, while ROSHN Group, which is owned by the Public Investment Fund (PIF), serves as the seller. The project includes a 36-month timeline for completion, which will begin once the land is officially handed over to the developer.

This partnership requires Alramz to manage all aspects of the development process. This includes the initial design phases as well as the full construction of the units. All work must be carried out in strict accordance with the approved plans and specific rules set by the SEDRA community. These regulations are managed by ROSHN Group to ensure the quality and consistency of the neighborhood.

From a financial perspective, Alramz Real Estate expects the transaction to have a clear impact on its bottom line. The company has stated that the project should contribute positively to its financial performance throughout 2026, 2027, and 2028. The firm also confirmed that there are no related parties involved in this specific transaction.

The development represents a continued push for residential growth in the capital. By working with ROSHN Group, Alramz is contributing to a major urban community known for its integrated services and modern infrastructure. The 240 units planned for this site will add to the growing housing stock in one of the city’s most prominent development zones.