ROSHN and TMG Saudi sign preliminary deal to explore Riyadh mixed-use project
ROSHN Group and Talaat Moustafa Group Saudi signed a preliminary agreement to establish a joint venture to explore and develop a mixed-use project in Riyadh, with TMG Saudi to hold a majority stake (per provided excerpt).
Public Investment Fund-backed ROSHN Group and Talaat Moustafa Group Saudi, part of Egypt's Talaat Moustafa Group (TMG), have signed a preliminary agreement to set up a joint venture to explore and develop a mixed-use project in Riyadh. Talaat Moustafa Group Saudi will hold a 51 perc…