Talaat Moustafa Group Holding (TMG), one of the Middle East’s largest real estate developers, announced over USD 5 billion in new foreign investments through its two landmark projects, “Jood” and “Yamal,” in the Sultanate of Oman. The announcement was made during an official inauguration ceremony held under the patronage of His Highness Theyazin bin Haitham Al Said, Minister of Culture, Sports, and Youth, reflecting the projects’ national significance within the framework of Oman Vision 2040.
Senior Omani officials attended the ceremony, including H.E. Dr. Khalfan Al Shueili, Minister of Housing and Urban Planning, alongside top executives from Talaat Moustafa Group. The event marks one of the largest Egyptian real estate investments in the Gulf region and signals a deepening partnership between Cairo and Muscat on long-term urban development.
TMG’s “Jood” and “Yamal” developments collectively include around 15,000 residential units, representing a new generation of smart, fully integrated urban communities. Designed to set a new benchmark in coastal and master-planned living, both projects feature world-class infrastructure, advanced sustainability applications, and tailored retail, hospitality, and entertainment offerings.
The developments expand on TMG’s long-standing expertise in designing and managing large-scale communities—such as Madinaty and Al-Rehab in Egypt—bringing the company’s established model of modern, livable cities into Oman’s fast-growing real estate market.
In his address, Hisham Talaat Moustafa, CEO and Managing Director of TMG Holding, emphasized that the Sultanate of Oman was chosen after comprehensive feasibility studies and a clear alignment with TMG’s mission to export its successful urban development model across the region. He noted that the group is actively expanding across Oman, Iraq, and Saudi Arabia, aiming to provide high-quality integrated living environments for over 1.5 million people between 2025 and 2030.
Moustafa reaffirmed that TMG applies consistent global standards across all its developments, with a strong emphasis on community integration, environmental sustainability, and long-term value creation for residents and investors.
The group confirmed that sales for both “Jood” and “Yamal” began on Tuesday, 2 December, marking a coordinated market launch across Oman and the wider GCC. The combined land area of the two megaprojects exceeds 4.9 million square meters, offering large-scale, strategically located zones that support mixed-use development, waterfront destinations, and new economic activities.
Industry analysts note that the timing of the launch coincides with rising demand for high-end residential and tourism developments in Oman, driven by economic diversification efforts under Vision 2040.
Talaat Moustafa Group remains one of the region’s most financially stable and influential real estate institutions. With a market capitalization exceeding EGP 149 billion (USD 3.1 billion), the group ranks among the top 6% of companies in emerging markets across Africa, the Middle East, and Latin America. This strong financial position has been a key enabler for TMG’s growing footprint in major regional markets.
The group’s entry into Oman through two high-value megaprojects underscores the strategic synergy between Egyptian private-sector expertise and the Gulf’s long-term urban transformation goals.
The launch of “Jood” and “Yamal” represents more than a large-scale real estate investment—it signals deepening bilateral economic cooperation between Egypt and the Sultanate of Oman. As both countries focus on attracting foreign investment and driving sustainable urban growth, TMG’s projects provide a tangible model for integrated development, community building, and cross-border private-sector leadership.
Industry observers expect the projects to generate significant employment opportunities, enhance tourism appeal, and attract new investment flows into the Omani real estate and construction ecosystem.
