The integrated project will span 12.8 million square meters and house around 250,000 residents once completed.

A new development in Baghdad is set to become one of Talaat Moustafa Group’s largest projects outside Egypt.

The Egyptian real estate developer announced it has secured an investment license for an integrated urban development in the Iraqi capital, with projected sales of USD 18.8 billion. The project marks another step in the company’s regional expansion strategy as it continues to replicate its large-scale community model beyond Egypt.

Why You Should Care

For investors and the wider real estate sector, the project highlights how Egyptian developers are increasingly looking to regional markets for growth. Iraq’s reconstruction and urban development plans are creating opportunities for experienced developers capable of delivering large-scale mixed-use communities.

For Talaat Moustafa, the project expands its presence in one of the region’s largest untapped housing markets while diversifying future revenue streams beyond Egypt.

According to Reuters, the Baghdad project will span 12.8 million square meters. The master-planned development is expected to include approximately 43,000 residential units and accommodate around 250,000 residents upon completion.  Alongside housing, the project will feature commercial and administrative assets, creating a mixed-use urban community.

The development will be located within Baghdad’s financial and economic district. This is near Baghdad International Airport, positioning it close to key business and transportation infrastructure.

The company estimates that total sales from the project could reach USD 18.8 billion over its development cycle.

The Ripple

The project reflects growing demand for large-scale urban developments across Iraq as the country seeks to modernize infrastructure and address housing needs.

It also signals the increasing regional reach of Egyptian real estate developers, who have spent the past decade building expertise in developing integrated cities that combine residential, commercial, and service components within a single master plan.

For Iraq, the development could attract additional foreign investment into the country’s real estate and urban infrastructure sectors.

What to Watch

The next milestone will be the project’s launch timeline and sales strategy. This will provide a clearer indication of how quickly Talaat Moustafa plans to execute the development.

Investors will also be watching whether the Baghdad project becomes a template for further expansion opportunities across regional markets. This comes amid a demand for large-scale housing developments that continues to grow across the Middle East.