TMG secures licence for $18.8bn mega development in Iraq

Talaat Moustafa Group Holding has made a significant leap forward with its subsidiary securing a major investment licence from the Iraqi National Investment Commission, enabling the development of an expansive, mixed-use community in southwest Baghdad. This $18.8 billion project signifies a transformative step for the company and could potentially rejuvenate Iraq’s infrastructure and economy. The move underscores the growing interest and investment opportunities in Iraq's real estate sector, reflecting a broader trend of international companies eyeing the country’s untapped potential.