Published On 1/6/2026
The Egyptian Talaat Mustafa Holding Group announced that it has obtained an investment license from the National Investment Commission in Iraq to implement an integrated real estate project in the capital, Baghdad, with expected cumulative sales of $18.8 billion, in a step that strengthens the group’s plans for regional expansion outside the Egyptian market.
The group said, in a disclosure to the Egyptian Stock Exchange on Monday, that the project will be built on an area of 12.8 million square meters through the “Talaat Mustafa Baghdad” company, and will include about 43,000 housing units capable of accommodating approximately 250,000 people when completed.
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She added that the project will also include non-residential building spaces that include commercial and administrative assets, and will be located in a strategic location within the financial and economic city in Baghdad, near Baghdad International Airport.
Regional expansion
The group indicated that the project represents an “important milestone in its regional expansion strategy,” as it seeks to enhance its presence in the region’s markets and benefit from the growing demand for major residential and service projects.
The company expects the project to achieve cumulative total sales of $18.8 billion over the implementation and marketing period, in addition to annual recurring revenues estimated at approximately $108 million upon completion of its rental and hotel assets. The group also expected that the project’s gross profit margin would reach about 20%.
According to the disclosure, the project development work is expected to extend for about 16 years, while the company expects to complete the sale of all units within an estimated period of about 12 years.
