Saudi real estate developer ROSHN has signed eight massive contracts worth $2.1 billion to develop modern infrastructure and facilities across its various projects in the Kingdom.

The PIF-owned company signed the deals at a private sector forum that concluded in Riyadh. The pace of work at ROSHN projects encourages us to partner with the private sector to achieve our goals and these types of partnerships are at the core of what we do at ROSHN as we are empowered to elevate the industry and raise the bar in the real estate industry by providing A new way of life that improves the quality of life in Saudi Arabia and the goals of Vision 2030, said Oussama Kabbani, the group's chief development officer.

The property developer signed agreements with China Harbor Engineering Co., Shapoorji and Balooni Co., Ansab Contracting Co., Cityscape Group, Al Kifah Precast Co., Haif Co. and Trans Contracting Co. The Kingdom's leading real estate developer's mission is to make long-term investments in the future of cities in Saudi Arabia by developing great communities with first-class homes.

The two-day gathering aims to strengthen existing links and create new ones between PIF, portfolio companies, local private sector players and government leaders. Various partnership opportunities were showcased, as well as several announcements regarding deals that had already been struck. The event was attended by more than 4,000 private sector participants as well as more than 50 exhibitors.

As the main growth engine of the Saudi economy, PIF and its portfolio companies hope to further develop long-term partnerships with the local private sector to achieve Vision 2030 goals, which will diversify the economy, enhance competitiveness, increase local content, and Unlock new sectors, PIF Governor Yasir Al-Rumayyan said.Editor/XingWentao