TMG Holding launches Yamal, Jood development projects in Oman
Updated 12/2/2025 10:27:00 AM
Arab Finance: Talaat Moustafa Group Holding (TMG Holding) has launched two ground-breaking mixed-use projects, Yamal and Jood, in Oman, through its development arm Talaat Moustafa Muscat Real Estate Development Company, according to a press release.
The group has also announced the launch of their sales process on Tuesday, December 2nd, 2025.
The two projects span an area of 4.9 million square meters west of Muscat, the capital of Oman. They will be developed simultaneously, with around 15,000 residential and hotel units.
The combined sales value of these units is expected to reach OMR 1.8 billion ($4.7 billion) over the lifetime of the projects.
The Yamal development scheme stretches along the coast of the Gulf of Oman with a beachfront of 1,760 meters and covers an area of 2.2 million square meters.
Meanwhile, the Jood residential project covers 2.7 million square meters within Sultan Haitham City, offering integrated services with state-of-the-art solutions for sustainable smart communities.
These projects will replicate the group’s sustainable community model, which has been tested and implemented in Egypt and Saudi Arabia.
The inauguration aligns with the group’s strategy to generate foreign currency and expand its recurring income base, anchoring its position as a major regional urban development powerhouse.
With a market cap exceeding EGP 149 billion ($3.1 billion), TMG Holding ranks among the top 6% of companies across emerging markets in Africa, the Middle East, and Latin America.
At the end of September 2025, the group’s consolidated profits jumped by 122.8% year-on-year (YoY) to EGP 10.471 billion from EGP 4.700 billion.
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