ROSHN Group, Saudi Arabia’s leading real estate developer and a Public Investment Fund (PIF) company, has signed a three-year partnership agreement with the World Economic Forum (WEF) as an Associate Center Partner, according to a ROSHN press release issued today. The agreement, announced in Riyadh, marks a significant step in fostering collaboration between the Kingdom’s urban development sector and the global forum dedicated to improving the state of the world.
Context and Background
This partnership aligns with ROSHN’s mandate to transform urban development and community building through innovation and sustainability, key pillars of Saudi Arabia’s Vision 2030. By joining WEF’s network of global partners, ROSHN gains access to a platform that facilitates knowledge exchange and collaborative problem-solving on pressing urban challenges. The WEF, known for its annual meetings in Davos and various centers of expertise, provides an international stage for ROSHN to contribute its insights from developing large-scale communities in the Kingdom.
Key Details
Under the agreement, ROSHN will engage with WEF centers such as the Centre for Urban Transformation, focusing on areas of shared interest to accelerate regional development. ROSHN executives will participate in WEF expert communities, including the Commission on Nature-Positive Cities, the Council on the Connected World, and the Global Futures Council on the Future of Cities. This involvement aims to develop model policies and tools that drive global impact, while ROSHN shares its experience gained from reshaping living and working environments in Saudi Arabia. The partnership provides ROSHN access to 870 WEF global partners from the private sector.
Implications and Impact
This collaboration positions ROSHN as a key contributor to global urban development dialogues, enhancing Saudi Arabia’s role in international efforts to create sustainable, connected, and nature-positive cities. By sharing its localized knowledge from projects across the Kingdom, ROSHN can influence global best practices, while also bringing international expertise back to support Vision 2030 goals. The partnership underscores Saudi Arabia’s commitment to engaging with multilateral platforms to drive innovation and economic diversification.
Vision 2030 Alignment
ROSHN’s partnership with the World Economic Forum directly supports Vision 2030 objectives by promoting sustainable urban development, enhancing quality of life, and fostering international collaboration. As a PIF-owned entity, ROSHN exemplifies the Kingdom’s strategy to leverage sovereign wealth for transformative projects that align with long-term economic and social goals. This forward-looking initiative positions ROSHN and Saudi Arabia as leaders in the global conversation on future cities, contributing to a prosperous and sustainable future for all.
20 Questions
Q1. What is the agreement between ROSHN and the World Economic Forum?
A1. ROSHN Group signed a three-year agreement to join the World Economic Forum as an Associate Center Partner, focusing on urban transformation and sustainable development collaboration.
Q2. When was the agreement announced?
A2. The agreement was announced on October 16, 2024, according to a ROSHN press release issued today.
Q3. What is ROSHN Group?
A3. ROSHN Group is Saudi Arabia’s leading real estate developer and a company owned by the Public Investment Fund (PIF).
Q4. Which WEF center will ROSHN primarily engage with?
A4. ROSHN will engage with the Centre for Urban Transformation to achieve impact and accelerate regional development.
Q5. What expert communities will ROSHN executives participate in?
A5. They will join the Commission on Nature-Positive Cities, the Council on the Connected World, and the Global Futures Council on the Future of Cities.
Q6. How many global partners does WEF have?
A6. WEF has 870 global partners from the private sector that ROSHN can collaborate with.
Q7. What is the purpose of ROSHN’s partnership with WEF?
A7. The partnership aims to share knowledge, develop model policies, and drive global impact in urban development.
Q8. Who commented on the partnership from ROSHN?
A8. Ghada Alrumayan, ROSHN Group’s Chief Marketing and Communications Officer, provided a statement.
Q9. What did Ghada Alrumayan say about the partnership?
A9. She expressed excitement about pushing boundaries in community building and raising quality of life in Saudi Arabia.
Q10. How does this partnership support Vision 2030?
A10. It supports Vision 2030 by promoting sustainable urban development, innovation, and international collaboration.
Q11. What is an Associate Center Partner at WEF?
A11. It is a status that allows organizations to collaborate closely with WEF centers on specific areas of shared interest.
Q12. What type of insights will ROSHN share with WEF?
A12. ROSHN will share insights from its mandate to transform how people live and work in Saudi Arabia through developments.
Q13. What is the Centre for Urban Transformation?
A13. It is a WEF center focused on creating sustainable, inclusive, and resilient urban environments globally.
Q14. How long will the partnership last?
A14. The partnership is a three-year agreement between ROSHN and the World Economic Forum.
Q15. What role does PIF play in this partnership?
A15. PIF is the owner of ROSHN, highlighting the fund’s investment in transformative real estate projects aligned with Vision 2030.
Q16. What is the Commission on Nature-Positive Cities?
A16. It is a WEF expert community focused on integrating nature into urban planning for environmental benefits.
Q17. How will this partnership benefit ROSHN?
A17. It provides access to a global forum for knowledge exchange and collaboration with like-minded private sector organizations.
Q18. How will this partnership benefit WEF?
A18. WEF gains insights from ROSHN’s experience in large-scale urban projects in Saudi Arabia, enriching global dialogues.
Q19. Where was the agreement announced?
A19. The agreement was announced in Riyadh, Saudi Arabia, according to the press release.
Q20. What is the long-term goal of this partnership?
A20. The goal is to reimagine urban living, raise quality of life in Saudi Arabia, and share lessons with international audiences.
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