{"id":91452,"date":"2024-11-12T00:00:00","date_gmt":"2024-11-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/12\/roshn-adds-204-mn-sqm-to-its-mixed-use-projects-under-its-latest-revamp\/"},"modified":"2024-11-12T00:00:00","modified_gmt":"2024-11-12T00:00:00","slug":"roshn-adds-204-mn-sqm-to-its-mixed-use-projects-under-its-latest-revamp","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/12\/roshn-adds-204-mn-sqm-to-its-mixed-use-projects-under-its-latest-revamp\/","title":{"rendered":"Roshn adds 204 mn sqm to its mixed-use projects under its latest revamp"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>PIF real estate arm Roshn Group rebranded as a multi-asset developer <\/strong>as it seeks to diversify its residential-focused portfolio by tapping mixed-use projects, it said in a <a target=\"_blank\" href=\"https:\/\/www.roshn.sa\/en\/news-and-events\/press-releases\/article-5\" style=\"\" rel=\"noopener\">press release<\/a>. The company\u2019s expanded portfolio will include 200 mn sqm of residential property and over 4 mn sqm of commercial, retail, and hospitality spaces, in addition to other assets in education, healthcare, transport, logistics, warehousing, and leisure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zamil Steel Group plans to set up a new factory in Egypt to produce heavy metal <\/strong><strong>structures<\/strong>, Egypt General Manager Khaled Saad said at an event yesterday. The factory, which will include three production lines with a production capacity of up to 36k metric tons per year, will be geared towards meeting high local demand and will export 50% of its output at a later stage, Saad said. The investment cost of the new factory, which will be self-financed, will be determined next year after the company assesses the necessary equipment and machinery for the project, according to Saad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zamil is already active in Egypt + the region:<\/strong> Zamil Steel owns two factories in Egypt, including in 6th of October and Sadat City, with total investments of about USD 70 mn to produce 1.2 mn tons of metal structures. The company has been active in Egypt for 25 years and expects to produce 72k tons in the country by the end of 2024. Zamil has also tapped new markets in Turkey and plans to expand to Benin in the next year, with long-term plans to tap the European market at a later stage, starting with Hungary, Saad said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.juthor.com.sa\/operations\" style=\"\" rel=\"noopener\">Juthor<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.juthor.com.sa\/operations\" style=\"\" rel=\"noopener\">Paper Manufacturing<\/a><\/strong><strong> \u2014 a unit of Middle East Paper (MEPCO) \u2014 <\/strong><strong>tapped Austria\u2019s <\/strong><strong>Andritz AG to manufacture, supply and install a sixth tissue production line <\/strong>with an annual capacity of 60k tons, the parent company said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83616&anCat=1&cs=1202&locale=en\" style=\"\" rel=\"noopener\">a filing to Tadawul<\/a>. The freshly-penned two-year contract, which is valued at up to 25% of MEPCO\u2019s 2023 revenue, tasks Andritz AG with delivering and implementing a complete tissue paper production setup. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MEGAPROJECTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Neom tapped global architecture and engineering firms for phase one of The Line\u2019s <\/strong><strong>development<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.neom.com\/en-us\/newsroom\/the-line-continues-to-accelerate-from-vision-to-reality\" style=\"\" rel=\"noopener\">press release<\/a>. Austria-based <a target=\"_blank\" href=\"https:\/\/www.dmaa.at\/\" style=\"\" rel=\"noopener\">Delugan Meissl Associate Architects<\/a> will lead the master planning and urban design, US-based <a target=\"_blank\" href=\"https:\/\/www.gensler.com\/\" style=\"\" rel=\"noopener\">Gensler<\/a> will act as a city planning consultant, and the UK-based <a target=\"_blank\" href=\"https:\/\/www.mottmac.com\/\" style=\"\" rel=\"noopener\">Mott MacDonald<\/a> will oversee the city\u2019s infrastructure. Progress on the city\u2019s infrastructure is moving at a fast pace, with over 120 foundation piles being cast into the ground each week, the statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>State-owned Water Transmission Company (WTCO) re-tendered the Ras <\/strong><strong>Mohaisen-Baha-Makkah<\/strong><strong> Independent Water Transmission System (IWTS) project<\/strong>, boosting capacity to 515k cubic meters per day up from 185k, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/saudi-retenders-ras-mohaisenbahamakkah-water-transmission-ppp-project-a77qtdzf\" style=\"\" rel=\"noopener\">Zawya reports<\/a>. The project \u2014 spanning 300km \u2014 will follow a Design, Build, Finance, Lease, and Transfer model, with a lease term of up to 35 years under a public-private partnership. Submissions for expressions of interest are open until Tuesday, 19 November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The IWTS project \u2014 which plays into the government\u2019s plans to bridge the water demand-supply gap \u2014 was originally handled by the Saudi Water Partnership Company as an Independent Water Transmission Pipeline project; the procurement baton has now been passed to WTCO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arabian Drilling secured a 10-year extension for a Saudi Aramco land rigs contract<\/strong>, which is expected to add SAR 440 mn to the company\u2019s backlog, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/934.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from Arabian Drilling. The extension will come into effect after the ongoing contract expires in 4Q 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Neom taps global architecture and engineering firms for phase one of The Line\u2019s development<\/p>\n","protected":false},"author":1,"featured_media":91453,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,3405,10,3406,100,2692],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arabian-drilling-the-line","tag-enterpriseam-ksa","tag-kayanat","tag-neom","tag-roshn","wpautop","entry"],"acf":{"mongo_id":"7f81f95c-1f1d-4e78-9d1f-a138745fb559","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1025.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Roshn adds a total of 204 mn sqm to its mixed-use projects under its latest revamp","related_issue":[91437],"teaser":"PLUS: Neom taps global architecture and engineering firms for phase one of The Line\u2019s development","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.76bc7a30-f0df-4c7e-bad7-247992f89712.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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