People & Places (P&P) has officially commenced construction on the first phase of its flagship project, Hills of One, in Sphinx City, following the signing of a construction contract with leading contractors Arabtec and El Amar, Invest-Gate reports.

The initial phase, covering the Boulevard Hills and North Villas zones, carries an estimated construction cost of EGP 1 bn, with work starting in September 2025 and an execution timeline of nine months. The first delivery of residential units is scheduled for 2028.

Spanning 168 acres with a total investment of EGP 35 bn, Hills of One represents P&P’s vision to create fully integrated communities. The project is characterized by its refined single-storey villas and seamless indoor-outdoor living design, alongside world-class hospitality and commercial components. Highlights include a 9-bn EGP hospitality investment, 158 branded serviced residences in partnership with a global operator, and Sphinx Plaza, featuring a 180-room hotel and 180 branded hotel residences.

Commenting on the milestone, Karim El Assal, Co-founder and Group CEO, stressed the company’s commitment to delivering sustainable, authentic living experiences. Meanwhile, Eng. Nabil Amasha, Co-founder and CEO, emphasized partnering with the best contractors to ensure the highest levels of execution and design.

With Arabtec and El Amar’s proven expertise, this collaboration reinforces Hills of One’s ambition to set new benchmarks in Egypt’s real estate sector.