ROSHN picks up gong for SEDRA development in latest award ceremony success

ROSHN picked up a host of awards in November (Supplied)
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Updated 25 November 2022
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ROSHN picks up gong for SEDRA development in latest award ceremony success

RIYADH: ROSHN, Saudi Arabia’s national real estate developer, picked up the ‘Residential Project of the Year’ award at the Construction Week Middle East 2022 Awards held in Dubai — capping a month of prizes for the firm.

ROSHN won its latest gong for its flagship SEDRA development — located in Riyadh’s northern sector and set to add more than 30,000 residential units to the capital’s housing stock, as well as providing 20 million sq. m. of integrated neighborhoods supported by education, health care, infrastructure, and retail outlet facilities. 

The firm was also highly commended in the ‘Corporate Social Responsibility Initiative of the Year’ category at the awards, held on Nov. 24, and picked up the same ranking in the ‘CSR Initiative of the Year’ section, for the YUHYEEK Zahra Breast Cancer Awareness Campaign during which ROSHN partnered with the Zahra Association to run a nation-wide awareness and support campaign in October.

Those prizes came just weeks after ROSHN picked up prestigious gongs at the Construction Week KSA 2022 Awards.

In addition to winning ‘Developer of the Year’ for its significant contributions to helping transform the Kingdom’s residential sector in line with Vision 2030, ROSHN CEO David Grover was named ‘Real Estate Icon of the Year’ at the prestigious ceremony held on Nov. 9 in Riyadh.

The firm also gained recognition with the title of ‘Highly Commended Female Leader of the Year’, for Group Chief Marketing Officer Ghada Alrumayan, and was shortlisted for ‘Health and Safety Initiative of the Year’. 

Commenting on the awards, ROSHN Group CEO David Grover said, “I am honored to be part of an organization that works day and night to remake and remodel the urban fabric of Saudi Arabia. Not one of these awards would have been possible without our incredibly hardworking team, which is empowering a new generation of Saudi homeowners and boosting overall growth.” 

He continued: “We are humbled that our efforts to build integrated communities with high-quality housing are being recognised and as we continue to be fully committed to bringing Saudis the highest living quality standards in support of the government’s drive to increase homeownership.”

Guided by the Vision 2030, ROSHN strives to increase homeownership in the Kingdom, bringing a new concept of living to the market, but also works to ensure that ROSHN projects and partnerships contribute to quality of life of and benefit of Saudi society at large, according to a press release from the company.


Saudi Authority for Intellectual Property: Patent applications filed by individuals, national institutions surge in 2025

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Saudi Authority for Intellectual Property: Patent applications filed by individuals, national institutions surge in 2025

RIYADH: Saudi Arabia recorded a significant increase in the number of patent applications filed by individuals and national institutions during 2025, reflecting a growing awareness among innovators and national entities of the importance of protecting innovations and maximizing the value of intangible assets.

The Saudi Authority for Intellectual Property explained that patent applications filed by individuals witnessed substantial growth, rising from 2,007 submissions in 2024 to 3,942 in 2025, representing a growth rate of 96 percent. This indicates a broadening base of innovators and entrepreneurs, and a rising awareness of the importance of registering intellectual property rights, according to the Saudi Press Agency. 

The authority also indicated that the number of patent applications filed by national institutions increased from 408 in 2024 to 734 in 2025, representing an 80 percent growth. This reflects the increasing interest of national entities in protecting their innovations and transforming them into valuable economic assets.

The entity further noted that this growth contributed to raising the total number of patent applications filed in 2025 to 10,300, compared to 8,029 in 2024. It affirmed its continued efforts to develop the intellectual property system, streamline registration procedures, and support innovation, in line with the objectives of the Kingdom’s Vision 2030.

Saudi Arabia has made notable progress in the 2025 Global Intellectual Property Index, with its score rising by 17.5 percent, placing it among the fastest-improving economies out of the 55 countries evaluated.

According to the 13th edition of the index, published by the US Chamber of Commerce in April, the Kingdom now ranks 40th globally, a reflection of the substantial reforms driven by its Vision 2030 strategy. These reforms aim to enhance intellectual property protection, foster innovation, and support the growth of a knowledge-based economy.

Since 2019, Saudi Arabia’s overall score has increased from 36.6 percent to 53.7 percent in 2025, marking a cumulative improvement of over 40 percent in just six years. This progress stems from a comprehensive transformation of the nation’s IP ecosystem, including the strengthening of legal frameworks and enforcement mechanisms.

These developments highlight Saudi Arabia’s growing institutional capacity and ongoing regulatory modernization, led by the SAIP.