Monday 03 Mar
Talaat Moustafa Group Saudi Arabia hosted a group of Banan project clients at the project's sales center northeast of Riyadh in late February 2025. During the visit, clients were given the opportunity to observe the progress of construction and the latest on-site project developments.
Engineer Ahmed Saleh, the project manager, affirmed that construction is progressing rapidly on site, adhering to the established timelines for unit delivery. All grading work for the first three residential areas is complete, and foundation concrete work within the project's first phase is currently in progress. This aligns with TMG's commitment to ensuring Banan is move-in ready from day one, welcoming homeowners to their residences.
TMG has organized a visit to its Egyptian projects for Banan
clients who won the Group's competition at the Cityscape Global 2024
exhibition. The winners toured Madinaty in East Cairo, the largest privately
developed urban community in Egypt and the Middle East. Banan clients visited
key components of Madinaty, including the Sports and Social Club, the city's
control center, and Open Air Mall, one of Egypt's largest shopping and
entertainment destinations
The project's various elements drew admiration from
visitors. One Banan client highlighted Madinaty as an integrated community with
a full range of educational, sports, and leisure facilities, making Banan in
Riyadh an attractive option for prospective homeowners.
Located northeast of Riyadh, Banan City is a 10 million square meter smart and sustainable urban development envisioned to provide a high quality of life for over 120,000 residents in a secure, gated environment. The city will offer 27,000 residential units, complemented by integrated services such as healthcare, education, and retail, alongside a social sports club. Incorporating smart home technology and advanced facility management systems, Banan City aims to create a vibrant community aligned with Saudi Arabia's Vision 2030. Talaat Moustafa Group, drawing on its successful track record with projects like Al Rehab and Madinaty, is developing Banan City to extend its established community model, , so that Banan's clients join more than 1.2 million residents in the Group's various projects. Demonstrating strong market demand, Banan City achieved approximately 5 billion riyals in sales since its May 2024 launch, exceeding its annual sales target, as disclosed to the Egyptian Stock Exchange.
