Nakheel Developments announced that its investment portfolio has reached EGP 7 bn, with plans for further expansion in 2025, Invest-Gate reports.

As part of its strategy, the company is set to launch a new project in the second quarter (Q2) of this year and has outlined the key highlights of its 2025 investment plan.

Emad El Tabakh, Chairman of Nakheel Developments, stated that the company began its journey in the United Arab Emirates (UAE), where it executed a portfolio of pioneering projects that made a distinctive mark on the UAE market and provided the company with diverse experiences.

El Tabakh mentioned that the company has decided to expand into the Egyptian market, starting in an unconventional area—the Delta region—to implement a variety of projects, including commercial, administrative, residential, and medical developments. This approach combines both Egyptian and international market experiences.

He pointed out that the company’s next move in the local market will focus on the New Administrative Capital (NAC), marking a new and more successful phase in its journey.

The company aims to offer its clients the culmination of its strong experience with the launch of the Trio V and Double Two Tower projects, he added.

The Chairman disclosed that Nakheel Developments has achieved impressive execution and sales rates in both projects, reflecting its ability to balance and integrate its execution and sales strategies effectively.

He noted that 2025 marks a powerful beginning for Nakheel Developments, reinforcing its leadership in the Egyptian real estate market. This will be achieved with the launch of a new phase of the Double Two Tower project, known as the Time Residence Tower.

This phase offers a distinctive concept of hotel apartments, featuring the highest standards of comfort and luxury in the heart of the NAC. The tower will be situated in the NAC’s Central Business District (CBD), according to El Tabakh.

He said, “With the launch of the Time Residence Tower, we reaffirm Nakheel Developments’ commitment to delivering innovative projects that enhance the value of real estate investment in the NAC, setting a new standard for quality and luxury in the Egyptian market. We will also soon announce our third real estate project during the second quarter of this year.”