Palm Hills, Cleopatra Group Join Forces to Launch Major Tourism Project in North Coast with Expected Revenues of Over EGP 100 Bn

Palm Hills, Cleopatra Group Join Forces to Launch Major Tourism Project in North Coast with Expected Revenues of Over EGP 100 Bn

Palm Hills Developments is gearing up to launch a tourism project on Egypt’s North Coast close to the city of Ras Al Hikma in partnership with Cleopatra Group.

Palm Hills will be actively involved in developing the plot of land owned by the Cleopatra Group located within the Sidi Heneish area.

The project will be built on an area of ​​420 feddans and its revenues are expected to exceed EGP 100 billion within seven years. Palm Hills will undertake the development work with a 67% share of the revenues.

Moreover, this project is expected to be a significant addition to Palm Hills’ extensive portfolio which includes a myriad of prestigious developments in East Cairo, West Cairo, Alexandria, North Coast, and Ain Sokhna.

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