Hisham Talaat Moustafa’s TMG unveils $5b Oman projects

Talaat Moustafa Group (TMG), a Cairo-based developer under Egyptian billionaire Hisham Talaat Moustafa, has unveiled two landmark projects in Oman, with a combined investment exceeding $5 billion as it deepens dominance in the real estate sector.

The new developments in Yamal and Jood will cover 4.9 million square meters and will have about 15,000 homes, hotels, and community amenities, as well as coastal facilities. These huge projects are a big step into the Gulf real estate market. 

Yamal and Jood: A mixed-use destination in Oman 

The Yamal real estate project, situated along Oman’s Gulf coast in Al Manuma, features a marina, water-sports facilities, a 1,760-meter beachfront, international hotels and a mixed-use residential and tourism community. 

In Jood, Sultan Haitham City, the other projects are meant to be a smart community that lasts. They will have parks, stores, and service centers, as well as a social and sports club and easy access to schools and hospitals.

By 2030, TMG wants to bring the same high standards and urban planning that have made its Egyptian projects so successful to Oman, Saudi Arabia, and Iraq. The company hopes to improve the lives of more than 1.5 million people.

Strategic rationale and market appeal TMG’s broader strategy to diversify geographically while leveraging its expertise in large-scale, integrated developments is winning big. To minimize upfront capital risk and enable early revenue streams, the financing of this new project is likely to come through a combination of pre-sales, local bank lending and strategic partnerships.

Oman’s growing tourism sector coupled with government-backed urban expansion initiatives, provides a conducive environment for TMG’s master-planned approach. In Egypt, TMG has delivered iconic projects such as Madinaty and Al Alamein, setting the right turn to apply its asset-light, high-efficiency development model in Oman. 

Hisham Talaat Moustafa’s TMG is scaling new heights

Hisham Talaat Moustafa, owning a 43.16 percent stake in TMG Holding, has been steering the real estate giant since its inception in 1974. Under his leadership, TMG has outperformed its competitors, taking more than 50 percent of the market share among Egypt’s top ten developers.

TMG has a record of delivering large projects, and the Oman developments extend that track. The company is positioning itself as a key player in high-end and integrated real estate in the region. Its strategy has supported steady expansion as it moves into Oman’s property market and the wider MENA region through Yamal and Jood.

The projects are expected to support economic activity, generate jobs and upgrade housing and tourism infrastructure. The developments also reinforce TMG’s profile as a builder capable of managing complex, high-value projects that attract international interest.