As part of its vision to deliver high-quality projects, Namaa Alkhaleej Developments, a leader in the real estate development sector in the Gulf region and Egypt, is planning to invest over EGP 35 billion in various projects by 2025, Invest-Gate reports.
This ambitious initiative will encompass new developments in different areas. One of the company’s recent projects is Celiesta Mall, launched in partnership with “Pure Build.” Located along the Dahshour axis, which connects Sheikh Zayed City with Sixth of October City, the mall features a specialized gold retail complex, as well as administrative and commercial spaces, making it a vibrant business and trade hub in the region.
This strategic move aims to enhance Namaa Alkhaleej’s leadership in the real estate market by introducing projects that align with the latest global trends and meet market demands. The company is determined to continue its streak of achievements and partnerships that reflect its ambitious vision for strengthening its position in the regional real estate market. Since its establishment, it has made significant strides, thanks to its exceptional founding team, which combines experience with innovation.
Namaa Alkhaleej is also rapidly advancing its promising project, “Mehwar Plaza,” which is being constructed on schedule for timely delivery. This commercial, administrative, medical, and entertainment complex spans 18,000 square meters and is situated directly on the central axis in Sixth of October City. It is just minutes away from notable landmarks in the area, including MSA University, Misr University, and October 6 University, as well as Dar Al-Fouad Hospital and Mall of Arabia. The project boasts a modern design that caters to sophisticated tastes, making it a standout destination in the region for providing an exceptional experience to both clients and investors.
With its innovative vision and strategic partnerships, Namaa Alkhaleej continues to achieve remarkable milestones, solidifying its position as one of the prominent real estate developers in the region. Recently, the company announced a partnership with James Cubitt, one of the largest English firms specializing in engineering consulting and global design. This collaboration is set to launch a new project in 2025 that will represent a significant shift in design and real estate development concepts, further establishing the company’s status as a leading developer in the region.
Behind the success of Namaa Alkhaleej is a team of experienced founders, led by Eng. Moath Almakhdob, the Chairman, who is the first Saudi engineer to obtain a British fellowship in mechanical engineering and has overseen the development of over 15 successful projects in Saudi Arabia. Alongside him is Eng. Zahran Abdul-Sattar, the Vice Chairman, who has over 25 years of experience and is known for his achievements as a consultant for several major Saudi companies, having developed significant projects across commercial, residential, and industrial sectors.