Talaat Moustafa Group Holding (TMG Holding) has entered advanced negotiations with Iraq’s National Investment Commission. These discussions focus on a massive Iraq mega-project near Baghdad.
Moreover, the development marks one of Iraq’s most ambitious real estate and infrastructure plans in recent years. The proposed mixed-use project will cover 14 million square meters of land.
Notably, not only will it include residential areas, but it will also feature commercial and recreational zones. In addition, the site’s location southwest of Baghdad offers strategic access to key highways and urban hubs.
TMG Holding continues expanding beyond Egypt. As a result, Iraq mega-project the company has identified Iraq as a promising market due to increasing infrastructure demand. Consequently, Iraq’s government continues to attract regional investors for high-impact ventures.
Furthermore, the project’s value reaches $17 billion. This level of investment demonstrates growing confidence in Iraq’s business environment. Likewise, government officials expect this initiative to generate both jobs and strong economic activity.
TMG executives stated their commitment to supporting Iraq’s urban transformation. They plan to use their regional expertise to deliver modern and livable communities. Previously, the company completed similar projects across Egypt and Saudi Arabia, which adds credibility.
Simultaneously, the National Investment Commission has expressed full support for the initiative. The commission promotes clear investor policies and fast-track approvals. Therefore, this Iraq mega-project aligns with their national growth strategy.
The new development will likely include schools, hospitals, shopping centers, and green spaces. Moreover, Iraq mega-project TMG aims to create a fully integrated lifestyle environment. Thus, thousands of residents will benefit from upgraded services and living conditions.
Additionally, neighboring investors are watching the deal closely. Many believe Iraq offers a strong opportunity for construction and urban growth. With this project, TMG hopes to raise the regional benchmark for new cities.
Currently, both sides are finalizing timelines, land details, and financing terms. If the deal is signed soon, construction work could begin shortly. Eventually, the company plans to open the project in phases. TMG will also work with local contractors and suppliers.
As a result, the project will create new jobs and strengthen local skills. Furthermore, the company promises community input and sustainable building designs.
This Iraq mega-project directly supports Iraq’s broader goals for economic diversification. Since oil dependence remains risky, the government wants to boost non-oil sectors. Real estate, tourism, and retail all stand to benefit from this development.
Ultimately, TMG Holding remains optimistic about Iraq’s long-term future. Strategic investments like this can unlock wide-ranging national progress.
