As a participation in the urban renaissance in Kingdom of Saudi Arabia, TMG adopts a huge project with investments worth SAR 40 billion
By the guidance of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and under the supervision of His Highness the Crown Prince Mohammed bin Salman, The unprecedented urban boom in the Kingdom of Saudi Arabia has contributed in attracting major real estate development companies in the region to make huge investments in the Kingdom during the current period.
At the head of the companies is Talaat Mustafa Holding Group (TMG), a leading real estate developer in Egypt & Middle east, Talaat Mustafa Holding Group (TMG), which has an honorable record in developing integrated urban projects, while at the same time establishing major hotels and luxury tourist resorts.
The priority of the Kingdom’s Vision in 2030 is the real estate sector. It aims to provide suitable housing for citizens, residents and visitors.
The kingdom creates attractive opportunities for investment to encourage private sector companies contribution in this vision. Talaat Mustafa Holding Group took advantage of this trend and under the name Banan City, on an area of 10 million square meters, with a total investment of SAR 40 billion, TMG established its first regional projects.
By establishing the city of Banan, Talaat Moustafa Holding group is establishing its first project outside the Egyptian country, transferring its unique experience In creating integrated communities such as Al-Rehab, “Madinaty”, and “Nour” cities in eastern Cairo, and providing a unique real estate experience in the Saudi market.
TMG aims to exploit its expertise in developing integrated urban projects to contribute in achieving the Kingdom’s comprehensive development vision in 2030 to encourage residents to own real estate and reach the ownership rate of about 70%.
The city of “Bannan” includes residential units of various sizes and designs, ranging from villas and apartments, with a total of 27,750 thousand units.
The group provided all sorts of comfort and luxury to the residents of the city of “Bannan”, as 40% of the total city was allocated to green spaces, water canals, and artificial lakes. There are also integrated service areas that include a sports club, educational, commercial, and health buildings, and various other services.
Relying on its unique strategy in selecting the largest global consulting offices to ensure the construction of unique cities that address a wide spectrum of clients and match their aspirations and trust in the group, Talaat Moustafa Holding Group has become the largest real estate group in the region, and has succeeded during its history extending more than 50 years in creating integrated urban projects that are incomparable in the Egyptian market.
Talaat Mostafa Group owns a diverse portfolio of residential and tourism projects in Egypt, including “Madinaty,” built on an area of 33 million square meters, and “Noor” City in Capital Gardens, built on an area of 21 million square meters, to achieve a new breakthrough in the development of integrated smart cities.
In addition to its unique experience in building giant cities, Talaat Mostafa Group has an excellent record in the field of tourism development. the company has succeeded over five decades in signing strategic partnership contracts with the largest hotel brands in the world, including the Four Seasons and Kempinski groups, as the company owns a number of the most famous and largest hotels in Egypt. Such as the Four Seasons Resort – Sharm El Sheikh, the Four Seasons Nile Plaza – Cairo, and the Four Seasons San Stefano Grand Plaza – Alexandria, next to the Kempinski Nile Business Hotel – Cairo.
The company is also currently working on developing the “Radisson SAS Collection” project in the city of Marsa Alam on the coast of the Red Sea, as well as developing two hotel projects bearing the brand name of the international “Four Seasons” group in Madinaty in Cairo and the other in the