Banan Smart City Riyadh project

Talaat Moustafa Group Saudi (TMG) is developing Banan City, a large smart and sustainable gated community in northeast Riyadh’s Al-Fursan suburb, spanning 10 million sq meters, to house over 120,000 residents with 27,000+ smart homes, integrated services (health, education, retail, sports), and advanced tech, aligning with Saudi Vision 2030 by enhancing quality of life and increasing homeownership. Construction began in 2024, with significant early sales and a total investment of around SAR 40 billion ($12 billion)