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Modern Gas, an Egyptian joint stock company, has signed an agreement with Talaat Moustafa Group to implement centralized gas networks for the residential city of Banan Riyadh, Saudi Arabia. The project spans 10 million square meters, with the first phase valued at SAR 24 million and covering 4 million square meters.

Modern Gas will operate the gas system in collaboration with FAJR Natural Gas Company and Alexandria Petroleum Maintenance CO. This agreement builds on prior successful projects, including Madinaty and Noor City, and secures a 33-year concession for Modern Gas in Saudi Arabia, enhancing its market presence.