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TMG expertise strengthens expectations for the success, leadership of Banan City

Banan Al Riyadh's two billion-riyal sales in just 11 months, paints a bright picture for the future of this groundbreaking Saudi Arabian urban development project.

TMG expertise strengthens expectations for the success, leadership of Banan City

Banan Al Riyadh's two billion-riyal sales in just 11 months, paints a bright picture for the future of this groundbreaking Saudi Arabian urban development project.


The renowned brand of Talaat Moustafa Holding Group, led by chairman Hisham Talaat Moustafa, played a key role in the project's immediate success in Saudi Arabia, further bolstered by the partnership with the National Housing Authority.

The Banan City project in Riyadh has achieved impressive sales figures, exceeding SAR 2 billion ($519 million) within just 11 days. This brisk pace, with over 1,706 units sold, underscores the project's strong foundation and paves the way for its future success as a model for urban development in Saudi Arabia.

The city is being developed by a consortium of the National Housing Company (NHC) and Talaat Mostafa Group (TMG), which has over 50 years of experience in real estate development. Therefore, in terms of development, there is a long history with the developers of the sustainable city Banan, which guarantees the creation of a guaranteed brand, in addition to operational and commercial performance, revenues and shareholder rights, marketing and communication activities and the institution's reputation, stock performance and future activities.

1 min read
Jun 06, 2025
By Web Admin
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