Khozam Developments launches the first phase of Creek Town New Cairo project with investments of EGP 3 bn during the Real Gate exhibition, Invest-Gate reports.

Nader Khozam, chairman of the board of directors, explains that the Creek Town has an area of 100 acres divided into three phases. First phase is launched at the Real Gate Exhibition, where Khozam Developments offers discounts and special deals for contractors during the three-days exhibition.

Khozam states that the project includes 600 villas, townhouses, and twin houses, which represent 70% of the project area. Furthermore 1,000 residential units between duplexes, garden plots and penthouses represent 30% of the area. The project is scheduled to commence with an expected delivery date within three years.

He adds the project is designed by Engineer Hany Saad, who prioritizes smart use of  spaces, both in villas and apartments. Villas ranges between the 350 to 400 m, and apartments between 120 to 175 m.

Khozam adds that the company studies the implementation of a project in the new city of El Alamein due to the large investment opportunities provided by the state, and the details of the project are scheduled to be announced soon.

It is noteworthy that Creek Town is the second project of Khozam Developments after its project Go Heliopolis, the first compound in Heliopolis, which includes 1,000 residential units in addition to administrative and commercial units and clinics, and it is planned to start delivery in 2022.