Talaat Moustafa Group unveils US$3.9B in Omani Investments with YAMAL, JOOD Projects

OMAN – The Talaat Moustafa Group (TMG) has announced comprehensive details of its new ventures in the Sultanate of Oman, representing an estimated investment of 1.5 billion Omani Riyals (US$3.9 billion).

These developments mark a major expansion for the Egyptian real estate giant into Oman’s growing urban and tourism sectors.

The investment encompasses two flagship projects, YAMAL and JOOD, set to deliver around 13,000 residential and hotel units across more than 4.9 million square meters.

Both projects are being developed concurrently and will be connected by an electric railway, enhancing accessibility and integration.

TMG unveiled the projects during its participation in the Urban October, Home & Building Expo + Urban October conference at the Oman Convention and Exhibition Centre in Muscat.

The Group showcased its achievements through an interactive experience, including a live broadcast from its established city of Madinaty in Egypt, serving as a model for the Omani developments.

YAMAL: The Coastal Project is an exclusive, luxury integrated community on the Gulf of Oman coastline, featuring a 1,760-meter beachfront.

It will offer high-end residential units with sea and marina views, complemented by an international marina, water sports, world-class hotels, entertainment zones, and comprehensive services.

JOOD: The Residential Project is located within Sultan Haitham City and introduces a new concept in sustainable smart communities.

It will feature diverse housing units, extensive green spaces, and a full range of commercial, medical, educational, and entertainment facilities. A 80,000 square meter sports and social club will anchor community life.

TMG emphasized its commitment to low-density urban planning, with building occupancy capped at 15% of total land area and 50% dedicated to green spaces and services.

Smart systems will manage irrigation, lighting, security, and maintenance, ensuring efficiency and sustainability.

Oman’s hospitality sector is experiencing unprecedented growth, with 9,600 new hotel rooms scheduled to open by 2030, boosting existing capacity by 25%.

Hotel revenues reached OMR 141.2 million (US$367 million) in H1 2025, an 18.2% increase year-over-year.

This surge reflects strategic government investment and Oman’s positioning as an ultra-luxury destination, attracting international partnerships like TUI’s planned five-hotel cluster in Dhofar Governorate.

These developments reflect TMG’s vision of creating refined, environmentally conscious urban environments that align with Oman’s national development goals.

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