TMG Holding Expands into Oman with $4.7 Billion Landmark Real Estate Deal

TMG Holding (TMGH) has entered the Sultanate of Oman with a landmark agreement to develop two mixed-use real estate projects, covering a combined 4.9 million sqm and targeting total sales of USD 4.7 billion.

The agreement—signed with Oman’s Ministry of Housing and Urban Planning—marks a key step in TMG’s regional expansion. Through its Omani subsidiary, Talaat Moustafa Group Muscat for Real Estate Development, the Group will undertake two major projects, spanning 2.7 million sqm and 2.2 million sqm, respectively, in and around the newly launched Sultan Haitham City.

The first development, located west of Muscat, will include a fully integrated smart residential city modeled after TMG’s flagship projects in Egypt such as Madinaty and Noor. The master plan features villas, apartments, a social and sports club across 190,000 sqm, and commercial zones totaling 140,000 sqm.

Source: Company Disclosure to EGX 

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