Egypt's Talaat Moustafa Group and Saudi Arabia's Al Muhaidib Group form joint venture, TMG Saudi Company for Real Estate Development, to develop "Banan City" in Riyadh.
Egypt's Talaat Moustafa Group and Saudi Arabia's Al Muhaidib Group have formed a joint venture, TMG Saudi Company for Real Estate Development. They will focus initially on the "Banan City" project in Riyadh, which will span 10 million sq m and include 27,000 residential units, with 40% dedicated to green spaces. The partnership aims to develop numerous smart, sustainable urban projects in Saudi Arabia.
March 06, 2024
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