Saudi developer ROSHN Group and Talaat Moustafa Group Saudi have signed a preliminary agreement to set up a joint venture for a major mixed-use development in Riyadh. TMG Saudi will hold a 51% stake and ROSHN Group will hold 49%. Initial studies indicate the project could deliver over 55,000 residential units alongside commercial, healthcare, educational, and leisure amenities.
The Public Investment Fund of Saudi Arabia has signed a non-binding agreement with Talaat Moustafa Group Saudi for Real Estate Development. The partnership intends to explore mixed-use property opportunities across the asset portfolio of the wealth fund. This initiative directly supports the newly launched urban development and livability ecosystem within the strategic 2026-2030 roadmap of the sovereign fund.
