Southwest Riyadh glitzy-Green venue plans

Article posted by Coliseum, August 1^st, 2024

Image: Roshn Group

The ROSHN Group has announced the construction of an iconic world-class stadium – the ROSHN Stadium – with a capacity to accommodate 45,000 spectators on a total area of more than 450,000 square meters in Southwest Riyadh, Saudi Arabia.

‘Saudi Gazette’ stated that the landmark project will feature a diverse range of shops, restaurants and hospitality venues creating a vibrant mixed-use destination and will be high on the sustainability quotient.

The ROSHN Group is a real estate development company based in Saudi Arabia. The company was founded in August 2020 by the Saudi Public investment Fund (PIF). As one of Saudi Arabia’s Vision 2030 goals, the ROSHN Group aims to provide home ownership to 70 percent of the Saudi nationals.

Riyadh (Saudi Arabia)-based the Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$925 billion. It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia.

The Saudi Vision 2030 is a Government program launched by the Kingdom of Saudi Arabia which aims to achieve the goal of increased diversification economically, socially and culturally in line with the vision of the Saudi Crown Prince and Prime Minister Mohammed bin Salman.

‘Saudi Gazette’ further stated that at the heart of the development will be the main sports and event floor which will seamlessly connect the various facilities with an open and cohesive design. The ROSHN Stadium will stand as a modern crystalline structure opening up to the sky inspired by the urban fabric and architectural heritage of Saudi Arabia’s Central region.

The above project marks a significant step in ROSHN’s expansion into mixed-use developments across various sectors including the sports facilities underscoring the company’s commitment to enhancing the quality of life through sustainable real estate development. The visitors to the stadium will enjoy access to the sports facilities, the walkways and the public green spaces making it a dynamic destination.

Designed to meet the requirements for hosting prominent international sporting events, the stadium will also accommodate other entertainment, cultural and social gatherings.

The sustainable design includes advanced water and energy management technologies such as the solar panels integrated into the stadium’s infrastructure.

The roof design will enhance the air movement ensuring adequate ventilation and controlled sunlight access during daylight hours.

Remarked Dr. Khalid Johar, Acting Chief Executive Officer, ROSHN Group, “The ROSHN Stadium embodies ROSHN’s strategic transformation as a multiasset class developer. We are proud to undertake this ambitious project which will contribute to improving the quality of life and supporting economic growth in line with Saudi Vision 2030. It will provide a unique gathering place in Riyadh and enhance the Kingdom’s capability to host international events and sporting competitions.”

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