ROSHN Group, Saudi Arabia’s multi-asset class real estate developer, and PIF giga-project, has announced MARAFY, a transformative, mixed-use development in north of Jeddah that will accommodate over 130,000 residents with an 11-kilometre-long manmade canal at its centre.
MARAFY will provide a new waterfront around its manmade canal which will add a new destination to the north of Jeddah. The 11-kilometre-long and 100-metre-wide navigable canal will connect to and extend Obhur Creek and will be surrounded by multiple unique districts, it is the first canal ever to be built in Saudi Arabia and ROSHN’s first fully mixed-use development.
David Grover Group CEO of ROSHN Group said: “It is core to us as a giga project to introduce such huge development to the kingdom, MARAFY will be a game changer on the real estate development sector, raising the bar of development in the region, boosting the quality of life, and creating a huge impact in Jeddah.” He added: “It is a proud moment to announce the launch of MARAFY, our huge development in north of Jeddah. It’s one of the iconic projects that will put Jeddah on the map of a world-class destination in all aspects and one of the contributors to achieving VISION 2030 goals of creating a vibrant community and a thriving economy”.
