KEY POINTS
- Oman real estate projects exceed $5 billion in value.
- Developments include housing, hotels and waterfront facilities.
- Talaat Moustafa plans to apply Egyptian building standards.
Egyptian billionaire Hisham Talaat Moustafa says his company will apply the same construction and operating standards it uses at home as it expands into Oman with projects valued at more than $5 billion. The commitment marks one of the largest foreign real estate investments in the sultanate in recent years and signals a deeper push by Egyptian developers into Gulf markets.
Moustafa, the chief executive officer and managing director of Talaat Moustafa Group Holding, made the remarks as the company unveiled two large-scale developments, Jood and Yamal. Together, the projects are expected to deliver about 15,000 residential units, alongside hotels, waterfront facilities and public spaces along Oman’s coastline.
The Cairo-based developer said the projects are the result of years of research into Oman’s economy, planning framework and long-term growth strategy.
Oman real estate projects under review
Speaking at an event held under the patronage of Sayyid Theyazin bin Haitham Al Said, Oman’s minister of culture, sports and youth, Moustafa said the decision to invest followed a detailed assessment of market conditions.
He pointed to Oman’s regulatory clarity and long-term economic planning as key factors behind the move. According to Moustafa, those elements provided the confidence needed to introduce the same development model the group has refined in Egypt.
According to Billionaire Africa, the Oman real estate projects will cover nearly 5 million square meters and are designed as integrated communities rather than standalone housing schemes. Company executives say the developments combine residential, hospitality and commercial uses while preserving access to public spaces and waterfront areas.
The projects are positioned to align with Oman Vision 2040, the government’s economic diversification plan, with a focus on tourism growth and sustainable urban development.
Projects mark expansion test
Talaat Moustafa Group brings more than five decades of experience in large-scale developments. In Egypt, the company serves over 1.5 million residents across its projects and has built a reputation around long-term maintenance, infrastructure planning and integrated services.
Moustafa said that approach will guide its work in Oman. Construction timelines and sales phases will be announced after regulatory approvals are completed.
The group has increasingly looked beyond Egypt for growth. Earlier this month, it confirmed details of the Oman expansion as a formal entry into the Gulf real estate market.
Moustafa owns a 43.16 percent stake in the company, which was founded in 1974 and has grown into one of Egypt’s largest listed developers. The firm holds more than half of sales among the country’s top ten developers.
At home, Talaat Moustafa continues to invest heavily. In November, it disclosed plans for a Four Seasons hotel complex near the Grand Egyptian Museum in Giza. Additional projects are underway in Luxor, Madinaty and Egypt’s North Coast.
For Moustafa, Oman represents both a proving ground and a statement of intent. The projects are designed to show that the company’s development model can operate beyond Egypt while meeting local expectations and regulations.
