TMG to Invest $3.9B in Major Real Estate and Tourism Projects in Oman

Talaat Moustafa Group (TMG), one of Egypt’s largest real estate developers, has announced plans to invest $3.9 billion in major real estate and tourism developments in Oman. The agreement was signed with Oman’s Ministry of Housing and Urban Planning and represents a significant step in strengthening regional collaboration and advancing Oman’s Vision 2040 goals.

Strategic Agreement Signed with Omani Government

The deal was formalized during a high-level signing ceremony attended by government and TMG officials. The two projects are located west of the Omani capital, Muscat, and are set to become landmark developments in the sultanate's evolving real estate and tourism landscape.

The Ministry highlighted the significance of the agreement as a continuation of Oman’s commitment to attracting foreign investment, boosting tourism, and creating sustainable urban communities.

TMG’s First Entry into Oman

This initiative marks TMG’s entry into Oman and is part of its broader strategy to expand beyond Egypt. TMG had previously launched ventures in Saudi Arabia and is now deepening its footprint in the Gulf Cooperation Council (GCC) region. The company’s integrated urban development model, which includes residential, commercial, and hospitality components, will be replicated in the Omani market.

Supporting Oman Vision 2040

The two developments align with Oman’s Vision 2040—an economic and urban development blueprint aimed at diversifying the national economy and improving quality of life through innovation, infrastructure, and sustainability. The partnership with TMG is expected to play a key role in boosting job creation, tourism inflows, and real estate innovation.

What to Expect from the Projects

While detailed masterplans have yet to be released, the projects will likely feature a mix of residential communities, high-end resorts, commercial zones, and entertainment attractions. With TMG’s track record in launching large-scale developments such as Madinaty and Noor in Egypt, expectations are high for the group to deliver a transformative impact in Oman.

Regional Growth

The $3.9 billion investment reflects growing investor confidence in Oman’s regulatory and development environment. It also signals the increasing interest of Egyptian developers in regional expansion, particularly in markets that offer long-term growth potential and government-backed urban transformation agendas.