Insights / 19 May 2025Talaat Moustafa Group Saudi signs an agreement with the Ministry of Housing in Oman.
Talaat Moustafa Saudi Group (TMG) and the Omani Ministry of Housing and Urban Planning today, Monday, May 19, 2025, signed an agreement to develop two projects – a real estate and a tourism-related venture – west of Muscat, the Omani capital. The signatories were His Excellency Dr. Khalfan Al Shueili, the Omani Minister of Housing and Urban Planning, and Mr. Hisham Talaat Moustafa, Chairman of the Board of Directors of Talaat Moustafa Group Muscat for Real Estate Development.
Mr. Hisham Talaat stated that the total investment value of the two projects amounts to approximately 1.5 billion Omani Riyals and will provide about 13,000 residential and hotel units across over 4.9 million square meters. Furthermore, he noted that the two projects, situated on adjacent land plots west of Oman's capital, Muscat, will be linked by an electric train.