Talaat Moustafa Group (TMG) from Egypt and Saudi Arabia’s National Housing Company (NHC) have collaborated to construct an integrated residential city in Riyadh, valued at $10.6 billion. Covering a vast expanse of 10 million square meters, this city is envisioned as a smart and sustainable residential hub, housing approximately 27,750 villas and other residential units. A significant 40% of the city’s layout will be dedicated to expansive green areas. The joint venture is geared towards developing a multi-purpose project that emphasizes sustainable practices and promotes green living.
News Source: https://www.zawya.com/en/projects/construction/egypts-tmg-to-build-106bln-sustainable-city-in-riyadh-flc3617h | Zawya
