Moustafa stated that the decision to select Oman was based on the Group's over 55 years of global expertise in real estate development and careful studies, ensuring a replication of its successful integrated urban communities model pioneered in Egypt.
The announcement was made during the inauguration ceremony
of the Jood and Yamal projects, held under the patronage of His Highness Sayyid
Theyazin bin Haitham Al Said, Minister of Culture, Sports and Youth. The event
was also attended by His Excellency Dr. Khalfan Al Shuaili, Minister of Housing
and Urban Planning, and other senior Omani officials and TMG executives.
Hisham Talaat Moustafa highlighted that TMG adopts global
standards in all its projects, providing a high quality of life, integrated
services, and a focus on sustainability for future generations, while
delivering real added value to the economy and society. He noted that TMG plans
to apply these standards in the Omani market as part of a larger plan to offer
a unique urban experience to over 1.5 million people across Oman, Iraq, and
Saudi Arabia between 2025 and 2030.
TMG announced that sales for units in both projects Yamal
and Jood will commence tomorrow, Tuesday, December 2nd. The projects span a
combined area exceeding 4.9 million square meters.
Yamal (Coastal Project): A premium residential and tourist
community located in Al Manuma on the coast of the Gulf of Oman, featuring a
beach front of 1,760 meters. It offers an integrated lifestyle combining
luxury, leisure, an international marina, water sports, world-class hotels, and
diverse residential units overlooking the sea and the marina.
Jood (Residential Project): An integrated services project
located within Sultan Haitham City, introducing a new concept of sustainable
smart communities. It features diverse housing units, vast green spaces,
commercial, recreational, medical, and educational facilities, alongside a
social sports club.
Talaat Moustafa Group (TMG) is one of Egypt's largest integrated corporations. It is ranked among the top 6% of companies in emerging markets across Africa, the Middle East, and Latin America, boasting a market capitalization exceeding EGP 149 billion, equivalent to $3.1 billion. This prominent position is attributed to the diversity of the Group's hotel and real estate assets, the inherent value within its portfolio, and the Group's successful track record spanning over 55 years in establishing integrated, smart, and sustainable urban cities and communities.