An agreement with Talaat Moustafa Group (TMG) embodies the Sultanate of Oman’s vision for enhanced partnerships with major global corporations, Oman’s Minister of Housing and Urban Planning, Khalfan bin Saeed Al Shueili, has stated.
Al Shueili made the comments following the signing of two partnership and investment development agreements with TMG, a prominent real estate and tourism project developer in Egypt and the Middle East.
He emphasised that this collaboration will contribute to accelerating smart urban development, providing a sustainable urban environment responsive to citizens’ aspirations, and supporting national economic diversification efforts.
“We are moving forward with implementing strategic projects within Sultan Haitham City, a cornerstone of Oman’s future urban development,” the Minister added. “We are focused on attracting high-caliber investments that meet global standards for smart city development, thereby enhancing the quality of life and fostering a balanced societal economy. This agreement is a concrete example of this ambitious development strategy.”
Hisham Talaat Moustafa, CEO and Managing Director of TMG, expressed his pride in the Group’s entry into the Omani market through a strategic agreement to develop two flagship projects. These projects, according to Moustafa, will be developed simultaneously on two land plots west of the capital, Muscat, and will be interconnected by an electric tram.
The agreement is set to accelerate the development of Sultan Haitham City, solidifying its status as a pioneering development model both regionally and globally. This reflects an integration of smart infrastructure with an advanced urban vision.
Furthermore, this partnership underscores the Sultanate of Oman’s capacity to attract high-value investments and capital that generate tangible economic and social outcomes.
