Cairo, January 13, 2026: Palm Hills Developments ("Palm Hills" or "the Company") a leading real estate developer in Egypt, has entered into co-development agreement to develop a 1.4 million sqm plot of mixed-use project in West Cairo with Egyptian Kuwaiti Company S.A.E, directly adjacent to the iconic Palm Hills October old phases. This land increases the Company’s total land bank to 40.5 million sqm, further enhancing long-term sales visibility.
The project is envisioned as an upscale residential project, offering fully integrated lifestyle that blends luxury with modern living. The project is expected to generate estimated sales of c.EGP 177 billion over an eight-year sales tenor with expected project launch during 1H2026.
Yasseen Mansour, Executive Chairman and Group CEO, comments: “We are pleased to announce this strategic addition to our land bank. This land represents an excellent opportunity as it’s directly adjacent to our Palm Hills Legacy project, Palm Hills October Phase I, which is our most premium project and further consolidates Palm Hills’ leading position in West Cairo. It aligns with our disciplined growth strategy, focusing on scalable developments in high-demand locations with strong return potential, underscoring our confidence in the resilience and growth potential of the Egyptian real estate market and our contribution to urban development through the delivery of premium, integrated communities”.
The land will be seamlessly connected to the iconic phase I and phase 6, enabling residents to move effortlessly between phases and access Palm Hills Sports Club and Palm Hills popular malls and retail spaces. The site enjoys panoramic views over Sheikh Zayed City, like the front rows of Phase I, while its elevated topography allows units in the rear areas to benefit from direct pyramid views and the magnificent view of Sheikh Zayed City as is the case of the front rows of phase I. The area is also characterized by strong residential demand, which dictates price premiums. The master plan will comprise high-end villas, townhouses, luxury apartments and complementary commercial facilities including premium retail areas space to capitalize on rising demand for lifestyle-oriented residences in this area.
Palm Hills Developments ("PHD"), is the leading real estate developer in Egypt, grown over 25 years of success. The Company builds integrated communities and has one of the most diversified land bank portfolios in Egypt, spreading over 33.5 million square meters ("sqm"). PHD’s product offerings include primary homes in West Cairo, East Cairo and Alexandria, as well as secondary homes on the North Coast along with five operating hotels across all the operating regions and three sports clubs in East, West and Badya. Having delivered thousands of residential and commercial units within its distinguished developments, PHD continues to expand its footprint with multiple ongoing projects across its key regions.
And with its latest acquisition of 32.61% in Taaleem Management Services-Egypt’s leading higher education provider-which operates through two operating assets Nahda University and Badya University, as well as the under-development Memphis University in East Cairo, the company can strengthen its position and diversify its revenues streams.
Through its three core verticals—Real Estate, Education, and Hospitality—Palm Hills Developments is uniquely positioned to offer a comprehensive lifestyle ecosystem tailored to the evolving needs of its growing customer base.
PHD is traded on the Egyptian Stock Exchange since 2008 under the symbol "PHDC.CA". For more information, please visit: https://ir.palmhillsdevelopments.com/