Muscat, May 20, 2025 — Egypt’s leading real estate developer, Talaat Moustafa Group (TMG), has announced a landmark $4 billion investment in Oman, marking one of the largest cross-border investments by an Egyptian private company in the Gulf region.
The strategic move, revealed during an official signing ceremony in Muscat, underscores the growing economic ties between Egypt and Oman, as both nations seek to deepen cooperation in trade, tourism, and infrastructure development.
According to TMG Chairman Hisham Talaat Moustafa, the investment will fund a comprehensive mixed-use development project in the capital, including luxury residential units, commercial complexes, hospitality infrastructure, and recreational facilities designed to boost Oman’s tourism and real estate sectors.
“This project reflects our confidence in Oman’s long-term economic vision and stability,” Moustafa said. “It aligns with our commitment to expanding regionally while delivering world-class developments that meet local aspirations.”
The Omani government welcomed the announcement, describing it as a vote of confidence in the Sultanate’s investment climate. The deal is expected to create thousands of jobs and attract further regional interest in Oman’s Vision 2040 economic diversification agenda.
“This partnership with Talaat Moustafa Group is a milestone in our drive to position Oman as a regional investment hub,” said Salim Al Mahrouqi, Oman’s Minister of Heritage and Tourism. “It will also support our efforts to develop a high-quality tourism and residential ecosystem.”
TMG, known for its large-scale developments such as Madinaty and Noor City in Egypt, has increasingly looked to the Gulf for expansion opportunities, leveraging its expertise in urban planning and luxury real estate.
Construction on the Omani project is expected to begin in early 2026, with the first phase slated for completion within three years.
Analysts say the deal could open the door for more Egyptian-Gulf collaboration in real estate, infrastructure, and tourism as regional economies diversify away from oil dependence.
