ROSHN Group, a Public Investment Fund (PIF) giga-project, launched on Tuesday a mixed-use development in north of Jeddah, which will accommodate over 130,000 residents and house the first man-made canal in Saudi Arabia. The new development, called MARAFY, will include an 11-kilometer-long and 100-meter-wide navigable canal, which will be surrounded by multiple districts, the developer said in a statement.