Kleek Developments has made a strong entrance into Egypt’s real estate market with the launch of its inaugural project, Noll New Cairo, Invest-Gate reports. The development is a cornerstone of the company’s ambitious plan to invest EGP 100bn in the real estate sector over the next five years.

Hussein Dawood, board member of Kleek Developments, highlighted the strategic location of Noll New Cairo, positioned in the Sixth Settlement area, close to major landmarks and thoroughfares. The site is just 20 minutes from Cairo International Airport, 15 minutes from the Suez Road, and 12 minutes from Al Ahly Club in the Fifth Settlement. The project is designed to optimize its prime location, with only 18% of the area allocated for construction, ensuring all units enjoy exceptional views.

Spanning 90 feddans, Noll New Cairo features a fully integrated urban design with residential units ranging from 80 sqm to 380 sqm. The development includes a commercial zone, clinics, and administrative spaces, with buildings rising to seven stories.

Mohammed Sakr, board member at Kleek Developments, emphasized the importance of working with top-tier partners to ensure project excellence. Yasser Al Beltagy Architects (YBA) has been appointed as the engineering consultant, with MRP overseeing project management. Sakr added that Kleek’s land bank comprises 150 feddans, with plans to expand further through targeted investments.

Tarek El-Mohamady, another board member, noted that construction for Noll New Cairo will begin soon, with delivery expected within three years. The company has earmarked EGP 500 m for construction in 2025.

Kleek Developments was formed through a partnership between Eamar Al Delta for Real Estate Investment and Style Home Real Estat Development. The company’s leadership, including Dawood, Sakr, and El-Mohamady, brings over 20 years of expertise to this ambitious venture.