7 flagship projects.. 500 units delivered.. 900% workforce growth over one decade.

Mohamed Ellaj: A plan to accelerate execution pace in 2026.. and “quality and commitment” have been the company’s constitution since inception.

Palmier Developments organized a grand celebration marking ten years since its launch in the Egyptian market — its “Bronze Jubilee” — attended by a distinguished group of company officials, real estate developers, and local and Arab media representatives, Invest-Gate reports.

7 Flagship Projects and Delivery of 500 Residential Units

During the celebration, the company reviewed its business results in the local market, which included 7 flagship projects, the latest being VERT, in addition to the delivery of 500 residential units.

EGP 350 Million Investments in 2026 to Accelerate Execution

The company also outlined part of its future plans for strong and sustainable expansion in the local market, foremost among them injecting investments worth EGP 350 million in 2026, compared to EGP 200 million in 2025, to accelerate execution, complete ongoing projects, and enhance finishing quality and services provided to clients.

Mohamed Elhaj: A Decade of Developing Integrated Urban Communities

On this occasion, Mohamed Elhaj, Chairman of the company, stated that Palmier Developments is not merely celebrating ten years, but a full decade of developing integrated urban communities that meet the aspirations of the Egyptian market and align with Egypt Vision 2030 and the state’s plans to expand the inhabited area. He stressed that the celebration represents a new launching point toward the future, driven by Palmier Developments’ firm belief that the Egyptian real estate market still holds promising opportunities for expansion.

Launching New Phases and Accelerating Construction Pace

He added that during 2026, the company is focusing on supporting and launching new phases in its existing projects, such as Vert, North Strik, Elite, and Trio, while accelerating construction pace. He emphasized the company’s commitment to sustaining growth and achieving a balance between calculated expansion and return on investment, noting that it has become a distinctive development model in the Green Belt and New Sheikh Zayed areas. At the beginning of this year, the company started delivering the first phase of the residential project Villa in New Zayed.

“Quality and Commitment” as a Fixed Constitution Since Establishment

Elhaj affirmed that over the past ten years, the company has adopted a fixed constitution centered on commitment to quality while maintaining construction schedules and delivery timelines in respect of its clients. He clarified that the company does not build for the sake of building, but rather to achieve well-being for residents of its communities and provide them with a modern lifestyle.

Strong Establishment and Solid Positioning in Sheikh Zayed

It is worth noting that Palmier Developments was established in 2016 and, within a few years, succeeded in cementing its position in Egypt’s real estate development sector, particularly in the Sheikh Zayed area, becoming one of the companies delivering to clients in that promising region.