News / 02 Dec 2025Talaat Moustafa Group and Al Muhaidib Group Launch “Jood” and “Yamal” Projects in Oman
Talaat Moustafa Group and Al Muhaidib Group Launch “Jood” and “Yamal” Projects in Oman with Investments Exceeding USD 5 Billion
Sultanate of Oman – December 2, 2025 – Under the patronage of His Highness Dhi Yazan bin Haitham Al Said, Minister of Culture, Sports, and Youth, Talaat Moustafa Group Holding (TMG), in partnership with Al Muhaidib Group, announced the launch of the “Jood” and “Yamal” projects in the Sultanate of Oman. The two developments represent total investments exceeding USD 5 billion, spanning over 4.9 million square meters, and comprising more than 15,000 residential and tourism units designed to meet the highest international standards and support the objectives of Oman Vision 2040.
The inauguration ceremony was attended by a distinguished group of senior officials and dignitaries, along with leadership from both groups. During the event, Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding, emphasized that the launch of these two projects marks a significant milestone in the group’s regional expansion strategy. He noted that selecting the Sultanate of Oman followed extensive studies confirming the market’s attractiveness and suitability for replicating the group’s successful development models in Egypt and Saudi Arabia. He added that the new projects will contribute to creating a comprehensive urban experience targeting more than 1.5 million people across Oman, Iraq, and Saudi Arabia between 2025 and 2030, reaffirming the group’s commitment to smart city concepts, sustainability, and enhanced quality of life across all its developments.
For his part, Mr. Essam A.K Al Muhaidib, CEO of Al Muhaidib Group, expressed his pride in launching the projects in partnership with Talaat Moustafa Group. He stated that this collaboration aligns with Al Muhaidib’s strategic plans for regional expansion. He highlighted that the “Jood” and “Yamal” projects reflect the tremendous development opportunities within the Omani market and mark the beginning of a new phase of high-quality projects that serve Gulf communities and adhere to world-class development standards. He added that TMG’s longstanding expertise in developing fully integrated cities significantly strengthens this partnership and opens wider horizons for future expansion across the region.
The “Yamal” project stands as a world-class coastal destination, extending along 1,760 meters of pristine beachfront on the Gulf of Oman. It features an international marina, luxury hotels, recreational and sports facilities, as well as residential and tourism units with direct views of the sea and marina. Meanwhile, the “Jood” project offers a sustainable, smart residential community in Sultan Haitham City, incorporating diverse housing units, expansive green spaces, educational, medical, commercial, and recreational facilities, along with a dedicated social and sports club.
These landmark projects reinforce Talaat Moustafa Group’s position as one of the largest real estate developers in the Middle East, with a market capitalization exceeding EGP 149 billion (USD 3.1 billion) and over 55 years of expertise in building integrated and sustainable urban communities.
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