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Trade Arabia
21-05-2025
- Business
- Trade Arabia
TMG Holding to develop $4.7bn real estate projects in Oman
Leading Egyptian developer Talaat Moustafa Group Holding (TMG Holding) said it has entered into an agreement with Oman's Ministry of Housing and Urban Planning to develop two large-scale projects in the sultanate at an investment of RO1.8 billion ($4.7 billion). The agreement marks TMG Holding's first venture into Oman and aligns with the company's regional expansion strategy focused on developing integrated smart cities across the Middle East. Announcing the key projects, TMG Holding said the first one will cover 2.7 million sq m in Sultan Haitham City, west of Muscat. Strategically located near Muscat International Airport, the mixed-use development will include villas, apartment buildings, a 190,000 sqm social and sports club, and 140,000 sqm of commercial and service areas. The second development will span 2.2 million sq m in Al Shakheekhit, a coastal area west of Muscat and near Beit Al Baraka Palace. It will boast luxury seafront villas connected to a lagoon, a luxury hotel, residential units, a yacht marina, and chalets along a 1,760-m-long beachfront on the Gulf of Oman. The project will also include the 215,000 sqm Al Naseem Heritage Park, a large green space with views across the development. The deal was signed by Omani Minister of Housing and Urban Planning, Dr Khalfan Al Shueili and TMG Holding Chairman Hisham Talaat Moustafa in the presence of senior officials. Both the projects will be carried out by the group's Oman-based development arm - Talaat Moustafa Group Muscat for Real Estate Development. TMG Holding aims to deliver around 12,900 residential units across the two projects, including approximately 9,200 conventional and serviced apartments. The developments will be executed concurrently, it stated. "Both these projects aim to replicate TMG Holding's successful integrated community model established in Egypt through its flagship developments Madinaty, Noor, and Al Rehab, as well as its recent expansion into Saudi Arabia," said a company spokesman.
Zawya
21-05-2025
- Business
- Zawya
Hisham Talaat Moustafa: Oman is a promising real estate and tourism investment hub
Muscat: Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group (TMG), affirmed that the Sultanate of Oman holds a promising future for its real estate sector. He emphasised that Oman's economic advantages, including political and economic stability, low inflation rates compared to many regional markets, and a flexible legislative environment that supports investor rights, make it an attractive destination for real estate investment. Hisham Talaat noted that the Group received full support for over a year from His Excellency the Omani Minister of Housing, Dr. Khalfan Al Shueili, and other officials. This collaboration culminated in the signing of an agreement between TMG and the Omani Ministry of Housing and Urban Planning to develop two real estate and tourism projects west of Muscat, the Omani capital. Talaat further elaborated that clear indicators point to an increasing demand for real estate in the Sultanate of Oman in the near future. He highlighted that over 65% of the total population in the Sultanate is aged from birth to 30 years, signifying a young demographic that will fuel future demand for both housing and services. This demographic trend also suggests substantial annual growth within the real estate sector, creating broad opportunities for investment and development. He added that Talaat Moustafa Group aims to actively participate in developing integrated cities and projects in the Sultanate, keeping pace with this growth. This aspiration is backed by the Group's extensive experience of approximately 55 years in real estate development, during which they have developed integrated cities housing over 1.5 million people. In the tourism sector, TMG boasts the largest hotel portfolio in Egypt, with over 5,000 hotel rooms and an additional 3,000 rooms currently under development. Hisham Talaat further stated: "I invite all investors worldwide to turn their attention to the Sultanate of Oman, which represents a promising investment destination, not only in the real estate sector but also in the growing tourism sector, thanks to Oman's unique characteristics." For his part, Ahmed Sabbour, Chairman of Al Ahly Sabbour Developments, affirmed that the entry of Talaat Moustafa Group will encourage Egyptian real estate developers to join the Omani market. These statements were made during a dialogue session at the 20th edition of the Oman Real Estate Conference and Exhibition, which featured Hisham Talaat Moustafa and Ahmed Sabbour. The conference, held under the patronage of His Highness Sayyid Bilarab bin Haitham Al Said at the Oman Convention and Exhibition Centre, saw significant participation from leading local and international investors, real estate developers, and experts and consultants in urban planning, urban development, and real estate development. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
20-05-2025
- Business
- Times of Oman
Hisham Talaat Moustafa: Oman is a promising real estate and tourism investment hub
Muscat: Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group (TMG), affirmed that the Sultanate of Oman holds a promising future for its real estate sector. He emphasised that Oman's economic advantages, including political and economic stability, low inflation rates compared to many regional markets, and a flexible legislative environment that supports investor rights, make it an attractive destination for real estate investment. Hisham Talaat noted that the Group received full support for over a year from His Excellency the Omani Minister of Housing, Dr. Khalfan Al Shueili, and other officials. This collaboration culminated in the signing of an agreement between TMG and the Omani Ministry of Housing and Urban Planning to develop two real estate and tourism projects west of Muscat, the Omani capital. Talaat further elaborated that clear indicators point to an increasing demand for real estate in the Sultanate of Oman in the near future. He highlighted that over 65% of the total population in the Sultanate is aged from birth to 30 years, signifying a young demographic that will fuel future demand for both housing and services. This demographic trend also suggests substantial annual growth within the real estate sector, creating broad opportunities for investment and development. He added that Talaat Moustafa Group aims to actively participate in developing integrated cities and projects in the Sultanate, keeping pace with this growth. This aspiration is backed by the Group's extensive experience of approximately 55 years in real estate development, during which they have developed integrated cities housing over 1.5 million people. In the tourism sector, TMG boasts the largest hotel portfolio in Egypt, with over 5,000 hotel rooms and an additional 3,000 rooms currently under development. Hisham Talaat further stated: "I invite all investors worldwide to turn their attention to the Sultanate of Oman, which represents a promising investment destination, not only in the real estate sector but also in the growing tourism sector, thanks to Oman's unique characteristics." For his part, Ahmed Sabbour, Chairman of Al Ahly Sabbour Developments, affirmed that the entry of Talaat Moustafa Group will encourage Egyptian real estate developers to join the Omani market. These statements were made during a dialogue session at the 20th edition of the Oman Real Estate Conference and Exhibition, which featured Hisham Talaat Moustafa and Ahmed Sabbour. The conference, held under the patronage of His Highness Sayyid Bilarab bin Haitham Al Said at the Oman Convention and Exhibition Centre, saw significant participation from leading local and international investors, real estate developers, and experts and consultants in urban planning, urban development, and real estate development.
Zawya
19-05-2025
- Business
- Zawya
Talaat Moustafa and Oman Ministry of Housing sign 1.5bln Omani riyals real estate and tourism deal
Talaat Moustafa Group (TMG) and the Omani Ministry of Housing and Urban Planning today, Monday, May 19, 2025, signed an agreement to develop two projects – a real estate and a tourism-related venture – west of Muscat, the Omani capital. The signatories were His Excellency Dr. Khalfan Al Shueili, the Omani Minister of Housing and Urban Planning, and Mr. Hisham Talaat Moustafa, Chairman of the Board of Directors of Talaat Moustafa Group Muscat for Real Estate Development. Mr. Hisham Talaat stated that the total investment value of the two projects amounts to approximately 1.5 billion Omani Riyals and will provide about 13,000 residential and hotel units across over 4.9 million square meters. Furthermore, he noted that the two projects, situated on adjacent land plots west of Oman's capital, Muscat, will be linked by an electric train. Integrated residential project in Sultan Haitham City The initial 2.7 million square meter land plot in Sultan Haitham City will become a smart, integrated-services residential development, mirroring the success of Talaat Moustafa Group's Madinaty and other projects in Egypt. The residential project will feature diverse models of villas and apartments, in addition to a social and sports club covering an area of 190,000 square meters, and commercial and service areas spanning 140,000 square meters. The project enjoys a prime location minutes away from Muscat International Airport. Global tourism project with a unique view on the Gulf of Oman Situated along the Al-Shakhakhit coast, the second land plot, spanning approximately 2.2 million square meters with a 1,760-meter beachfront on the Gulf of Oman (directly west of Beit al Baraka Palace), will be transformed into a world-class tourism destination. The project features a yacht marina, a tourist hotel, villa-areas with unique sea views linked by artificial lakes, as well as cabins and residential buildings (apartments). The tourism project enjoys a strategic location approximately 4 km from Sultan Haitham City and minutes from Muscat International Airport. It also intersects with the 215,000 square meter Al Naseem Heritage and Entertainment Park, providing vast green spaces and a distinctive view for various units of the project. Vast green spaces and integrated services The real estate and tourism projects, both offer a high quality of life with comprehensive services catering to all resident needs. Over 50% of their total area is dedicated to expansive green spaces and open areas. Religious, health, entertainment, and sports services are also available, alongside daily and seasonal commercial offerings. Furthermore, the projects will leverage cutting-edge smart technologies for management and operation. The Sultanate of Oman marks Talaat Moustafa Group's second venture outside Egypt, following their initial projects in the Kingdom of Saudi Arabia. These Saudi Arabian endeavors include Banan City, a 10 million square meter development northeast of Riyadh. Talaat Moustafa Group: Egypt's foremost real estate and tourism developer Talaat Moustafa Group is the largest real estate and tourism developer in Egypt and one of the leading integrated institutions in Egypt and the Middle East. Over nearly 55 years, TMG has successfully established self-sustaining, integrated-services urban cities and communities across Egypt. Examples include Madinaty, Al Rehab, and Noor in East Cairo, with upcoming projects like SouthMED in the northwestern coast of Egypt and Banan City in Riyadh, Saudi Arabia. Talaat Moustafa Group has reached a new milestone with cumulative real estate sales exceeding one trillion Egyptian pounds, underscoring its position as Egypt's leading real estate entity and the significant trust of its over 200,000 clients. The Group also possesses Egypt's largest land portfolio, now over 107 million square meters, and its projects are home to more than 1.5 million residents. Talaat Moustafa has also significantly advanced tourism development by creating unprecedented international-standard projects under the "Four Seasons" brand in Sharm El Sheikh, Cairo, and Alexandria, alongside the Kempinski Nile Hotel in Cairo. Currently, the Group is developing three additional hotels in Luxor, Madinaty, and Marsa Alam. Additionally, the Group is undertaking the renovation and development of seven historic hotels: Sofitel Legend Old Cataract Aswan, Mövenpick Resort Aswan, Sofitel Winter Palace Luxor, Steigenberger El Tahrir Hotel, Steigenberger Cecil Alexandria Hotel, Marriott Mena House Cairo, and Marriott Omar Khayyam Zamalek. Talaat Moustafa Group has also commenced the implementation of the first hotel under the global "Four Seasons" brand on Egypt's North Coast within its new SouthMED project.
