PIF and Talaat Moustafa Group Saudi sign MoU to collaborate in Saudi Urban Development and Livability Ecosystem
• MoU to explore opportunities across residential, commercial, hospitality, retail, and integrated urban developments in Saudi Arabia.
• Collaboration supports PIF’s Urban Development and Livability Ecosystem, one of the six ecosystems announced under PIF’s 2026–2030 Strategy, through enhanced private-sector participation and long-term value creation.
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• MoU leverages PIF’s extensive investment capabilities and scale alongside Talaat Moustafa Group’s proven expertise in integrated mixed-use developments.
The Public Investment Fund (PIF) and Talaat Moustafa Group Saudi for Real Estate Development (TMG) today announced the signing of a Memorandum of Understanding (MoU) to explore opportunities, cooperate, and collaborate in mixed-use real estate projects across developments owned by PIF and its projects throughout Saudi Arabia.
The collaboration aims to capitalize on PIF’s extensive investment capabilities, scale, and ecosystem, together with TMG’s successful track record in delivering integrated mixed-use developments. Through this partnership, the two parties will explore opportunities across the residential, commercial, hospitality, retail, and integrated urban development sectors.
The MoU is expected to further accelerate project delivery while enhancing long-term value creation for PIF and its portfolio of projects.
Leveraging TMG’s Regional Development Expertise
TMG brings significant regional experience in delivering large-scale integrated residential, commercial, and hospitality developments across the region. The Group’s technical know-how and operational expertise are expected to strengthen the execution capabilities of the collaboration and support the successful delivery of future projects.
Expanding Private Sector Participation
The partnership establishes a collaborative framework that could attract additional investors to participate in future phases of projects. It is also expected to facilitate knowledge transfer, strengthen cooperation, and expand the role of the private sector as investors, development partners, and suppliers.
Supporting Saudi Arabia’s Economic Diversification Goals
The MoU aligns with PIF’s broader strategic objectives to diversify Saudi Arabia’s economy and develop priority sectors. PIF continues to build regional and international partnerships, attract investment, maximize returns, and unlock opportunities across key industries.
Advancing the Urban Development and Livability Ecosystem
Through its Urban Development and Livability Ecosystem, PIF invests in real estate projects in partnership with the private sector to maximize long-term value and promote innovation in urban development.
The ecosystem aims to enhance quality of life, modernize living standards, and create people-centered sustainable cities through coordinated investments. As one of the six ecosystems introduced under PIF’s 2026–2030 Strategy, it encompasses housing, retail, office, community spaces, and essential services.
Driving Saudi Vision 2030 Objectives
PIF is leading the development of transformative giga-projects and landmark real estate initiatives across Saudi Arabia. These projects contribute directly to achieving the objectives of Saudi Vision 2030, including increasing homeownership among Saudi citizens to 70%.
As one of the world’s most influential investors, PIF’s 2026–2030 Strategy focuses on building competitive ecosystems, unlocking the full value of its assets, maximizing long-term returns, and driving operational excellence while generating sustainable economic impact for Saudi Arabia.
About Talaat Moustafa Group
Talaat Moustafa Group (TMG) is one of the region’s leading real estate and tourism conglomerates and among the Middle East’s largest fully integrated business groups.
For nearly 55 years, TMG has successfully developed fully integrated cities and communities, as well as world-class hotels and resorts across Egypt, establishing a strong reputation for large-scale urban development and destination creation.
