Now accepting applications for Fast Company Middle East’s Most Innovative Companies. Click here to apply.
To enhance Saudi Arabia’s real estate landscape and boost Jeddah’s emergence as a global city, Roshn Group and the Public Investment Fund have joined forces to launch a development to redefine urban living.
The modern mixed-use development, known as Marafy, is expected to accommodate over 130,000 residents, with an 11-kilometer-long artificial canal.
The network includes water taxis, bus routes, a dedicated Metro Red Line station, and a direct canal link to the King Abdulaziz International Airport.
“Marafy blends modernity with historical legacy, fostering community spaces while respecting the city’s roots. The development’s waterfront districts will interconnect seamlessly with each other and the broader city through an intermodal transportation network,” says David Grover, group CEO of Roshn Group.
The development aims to strengthen Jeddah’s position as a regional hub, accommodating residential, retail, lifestyle, leisure, and entertainment spaces. Marafy will involve distinct districts, including Roshn’s existing integrated residential development, Alarous.
Loading the player...
Najla Al-Midfa on fueling innovation and entrepreneurial spirit