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Egypt's Talaat Moustafa Group signs $3.9b real estate, tourism deal in Oman – Cabinet
Aya Anwar Published in Amwal Al Ghad on 19 - 05 - 2025

Egypt's Talaat Moustafa Group (TMG) signed a 1.5 billion Omani riyals ($3.9 billion) agreement with Oman's Ministry of Housing and Urban Planning on Monday for two major real estate and tourism projects west of Muscat.
According to a statement by the Egyptian Cabinet, the deal was announced during the 20th Oman Real Estate Expo (OREX), where Egypt's Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny attended the signing ceremony.
Minister El-Sherbiny praised the Omani hospitality and said the expo provided a valuable platform to strengthen real estate cooperation between Egypt and Oman. He reaffirmed Egypt's support for local companies operating in infrastructure and private-sector development across the region.
The conference also explored ways to improve real estate legislation, expand housing finance tools, promote sustainable urban planning, and boost public-private partnerships. PropTech and digital transformation in the housing sector were also key focus areas.
Attribution: Amwal Al Ghad English
'Subediting: Y.Yasser

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