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Saudi Arabia: ROSHN Group Launches Sales of 4th Phase of Flagship Development 'SEDRA'

The new area will cover over 1.9 million square meters. SPA
The new area will cover over 1.9 million square meters. SPA
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Saudi Arabia: ROSHN Group Launches Sales of 4th Phase of Flagship Development 'SEDRA'

The new area will cover over 1.9 million square meters. SPA
The new area will cover over 1.9 million square meters. SPA

Saudi Arabia’s ROSHN Group announced on Monday the expansion of its popular "SEDRA" project in Riyadh with a new phase that adds 4,860 residential units.

The new area will cover over 1.9 million square meters and will be released in stages, with 1,254 units available for purchase in the first sale tranche, ROSHN Group said in a statement.

"The launch of sales for SEDRA 4 builds on the success of SEDRA’s first three phases and reflects the progress ROSHN has made in such a short period,” said ROSHN Group CEO David Grover.

“Meeting the unprecedented demand for ROSHN’s new way of living, SEDRA 4 blends modern, innovative, and sustainable design with unparalleled amenities, such as schools, a primary care hospital, and a district mall within a five-minute walk, to cultivate a vibrant community atmosphere."

According to the statement, SEDRA 4 has 4,860 new homes in its latest phase, featuring 30% of the phase’s footprint dedicated to public spaces. The latest expansion boasts the "Kingdom's largest Sports Dome" and includes amenities like green spaces, mosques and neighborhood retail centers.

Located north of SEDRA 3 and accessible via Airport Road, SEDRA 4 connects residents to ROSHN Front shopping, education, healthcare, and entertainment options, making it part of the vibrant North Riyadh area, near universities, the airport, and a train station, added the statement.

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Report: EU to Vote on Oct 4 to Finalize Tariffs for China-made EVs

A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
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Report: EU to Vote on Oct 4 to Finalize Tariffs for China-made EVs

A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)

The European Union is planning to vote on whether to introduce tariffs as high as 45% on imported electric vehicles made in China on Oct. 4, Bloomberg News reported on Saturday, citing people familiar with the matter.
Member states have received a draft of the regulation for the proposed measures, the report said, adding that the new date could still change.
According to the report, the vote among the bloc's member states was slightly delayed amid last-minute negotiations with Beijing to try to find a resolution that would avoid the new levies.
The European Commission did not immediately respond to a Reuters request for comment.
The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China, on top of the EU's standard 10% car import duty.
The proposed final duties will be subject to a vote by the EU's 27 members. They will be implemented by the end of October unless a qualified majority of 15 EU members representing 65% of the EU population votes against the levies.