The Kingdom’s Public Investment Fund (PIF) officially launched ROSHN as one of its four megaprojects in 2020 with the aim of developing communities in major cities across the Kingdom, to increase the rate of Saudi home ownership to 70%, and support job creation as per Vision 2030.
ROSHN’s Riyadh community will comprise of mosques, shops, cafes, parks, schools, and leisure and entertainment facilities. It is the first of many communities to be developed by ROSHN.
“This contract will enable Siemens Energy to create more jobs for Saudi talents and will provide homes to meet the needs of Saudi families. One of our main values as Siemens Energy is to care for the communities where we live and so it is an honor for us to be able to contribute to such a great project,” said Mahmoud Sulaimani, Managing Director of Siemens Energy in Saudi Arabia.
The grid project will boost transmission capacity and feed power to the new integrated urban community project. Siemens Energy will provide engineering, supply, construction, installation, and commissioning of grid stations which connect the residential community to the Saudi National Grid.
“Siemens Energy will help deliver electricity to this sustainable urban community, ensuring the safety, reliability and security of the power supplies to resident and visitors,” said Mahmoud Hanafy, Vice President, Grid Stabilization, Middle East. “The project reiterates our commitment to enable more resilient, reliable and greener power grids.”
Siemens Energy will break ground on the project in July. Work is expected to be energized by May 2023 and completed by August 2023.
Due to the rapidly accelerating development plans, Saudi Arabia is emerging as one of the largest markets worldwide for power transmission and grid projects. The government is committed to invest in new infrastructure projects. Today, almost 30 percent of the power transmitted in the Kingdom relies on Siemens Energy’s technology.
