Arkan Palm Development, a subsidiary of Badreldin Group, has signed an agreement with Commercial International Bank (CIB) to allocate 16,000 sqm in the Financial District of Project 205 in Sheikh Zayed for the bank’s new headquarters, Invest-Gate reports.

The signing ceremony was attended by Walid Abbas, First Vice President of the New Urban Communities Authority (NUCA); Amr El Ganainy, CIB’s Deputy CEO and Managing Director; Mamdouh Badr El Din, Chairman of Badreldin Group; and Amr Badr El Din, Managing Director of Arkan Palm.

Project 205: A Landmark Development in West Cairo

Spanning 205 feddans, Project 205 is a public-private partnership between NUCA and Arkan Palm, designed as a fully integrated urban development featuring residential, commercial, administrative, hospitality, and entertainment components.

Walid Abbas emphasized the project as a successful collaboration, delivering high-value real estate opportunities that strengthen the market. He reiterated NUCA’s commitment to working with experienced developers to ensure quality and sustainability.

CIB’s Strategic Expansion in Project 205

Amr El Ganainy highlighted CIB’s enthusiasm for securing a prime location in one of West Cairo’s most prestigious developments. He noted that CIB prioritizes exceptional sites for expansion, and Arkan Palm’s strong track record made Project 205 an ideal choice.

A Vision for an Integrated Financial Hub

Mamdouh Badr El Din described Project 205 as a game-changer for Egypt’s real estate market, offering a holistic environment beyond residential spaces. He highlighted its integration of financial institutions, clinics, corporate offices, and entertainment zones, ensuring a comprehensive urban experience.

Amr Badr El Din confirmed that CIB’s headquarters will be part of a growing financial hub, alongside other major institutions, within Project 205’s Financial District. He emphasized that the development is set to become the region’s leading banking and financial services hub.