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TMG to Cooperate with NHC in Riyadh

Talaat Moustafa Group, the renowned urban developer in Egypt, has recently forged a strategic partnership with the Saudi National Housing Company (NHC) during the prestigious Cityscape Global Exhibition . This momentous occasion was graced by the esteemed presence of Mr. Majid bin Abdullah Al-Haqeel, the Minister of Municipal and Rural Affairs and Housing.

The purpose of this agreement is to jointly develop a smart residential city in the eastern region of Riyadh, aiming to provide a sustainable and top-notch living environment for its residents.

As per a statement released by the group to the stock exchange, it is estimated that the new city project will offer around 27,750 housing units, encompassing villas and residential units suitable for families of different sizes ranging from 220 to 400 square meters.

Additionally, a variety of residential apartments will also be available. The project will span an impressive area of 10 million square metres, with 40% of the land thoughtfully allocated for vast green spaces. The proposed venture envisions a versatile development, encompassing a myriad of amenities such as healthcare, education, commercial establishments, a sports club, and public service areas. The anticipated investment cost for this city project is estimated to be approximately 40 billion Saudi riyals.

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Hisham Talaat Moustafa


Throughout more than 50 years of hard work, Talaat Moustafa Group (TMG) has become an effective national contributor leading urban development in Egypt, participating in establishing unprecedented standards in the real estate development industry to position its real estate and tourism projects as the ultimate model for sophistication and quality of life.


The blessing of the Almighty God and the trust of our partners in success, shareholders, and stockholders of our projects were and still are the main force and essential support in driving our path towards growth and prosperity.

As much as we strived to keep up with all the global changes during the past period, today we are about to instill new standards into our growth strategy with the aim of complying with the new changes and presenting residential and touristic products that conform with the needs of the era, as well as the essential standards and determining factors required by the nature of this stage.

To achieve this, we are now seeking to activate many elements that contribute to keeping pace with global developments in modern building technologies and to provide quality of life by applying all the fourth-generation cities’ requirements with the use of smart application systems. This would succeed in making the real estate development industry a real vessel for all economic activities and development services that extend to almost all aspects of life.

In addition, we are working to meet our customers’ aspirations and aim to reach our partners’ full satisfaction despite the market determinants and the high cost of investment, which would be achieved by employing programmes and comprehensive financial, administrative, and marketing solutions while ensuring that we fulfil our social responsibility through various national initiatives, especially in the fields of education, health, youth, and sports.