Saudi Arabia plans massive 55,000-home Riyadh development as ROSHN signs deal

Saudi Arabia's ROSHN Group and TMG Saudi have signed a preliminary deal to explore a massive mixed-use development in Riyadh. The project would feature more than 55,000 homes, according to Arabian Business.

The development comes as Saudi Arabia faces security challenges, including attacks by Iran-backed Houthi militants in Yemen. Turkey's Foreign Minister Hakan Fidan has signalled technical military support for Saudi Arabia against these attacks, as reported by The Economic Times.

In other news, iCAUR has launched its operations in Saudi Arabia, introducing two new vehicle models, the V27 and 03T, at an event in Riyadh. The launch event showcased the vehicles' customizable features and adaptability to different lifestyles, as reported by Saudi Gazette Business.

Brief written by urgent.news from Arabian Business, The Economic Times, Saudi Gazette Business — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.