PHD Implements EGP 300 mn Hotels on North Coast

Palm Hills Developments (PHD) has invested nearly EGP 300 mn in the Egyptian hospitality industry to implement two niche boutique hotels within Hacienda White and Hacienda Bay, its flagship projects on the North C ...

PHD, JBI Partner for Badya’s Project Management

Egypt's real estate developer Palm Hills Developments (PHD) signed on September 10 a service agreement with Julius Berger International GmbH (JBI) for project management of Badya in 6th of October City, west Cairo ...

Palm Hills Appoints Mohamed Fahmy as COO

Egypt's real estate development company Palm Hills Developments (PHD) has appointed Mohamed Fahmy as Chief Operating Officer (COO) and an executive member of its board of directors, with immediate effect

Palm Hills Records Higher Profits in H1

Egypt's real estate developer Palm Hills Developments (PHD) posted a 3% rise in net profits after tax and minority interest in H1 2019, hitting EGP451 mn.

Palm Hills’ Sales Inch Up to EGP 2.2 bn in Q1

Egypt’s Palm Hills Developments (PHD) posted EGP 2.2 bn sales (residential and commercial) in Q1 2019, with 374 units sold in total, marking a 5% surge YoY that arisen notably from continued uptake of launched pro ...

Palm Hills Nods EGP 78 mn Capital Hike

Palm Hills Developments' board of directors have agreed to raise the company's capital to EGP 6.235 bn from EGP 6.157 bn, an increase of EGP 78 mn.

Palm Hills, NUCA Agree to Co-Develop Mixed-Use Project in West Cairo

Palm Hills Developments announced on March 24 that its subsidiary, Arkan Palm for Real Estate Investment Company has signed a co-development deal with the New Urban Communities Authority (NUCA) to develop a mixed- ...

Gov’t, Developers Participation in MIPIM Marks Big Gain

The Egyptian government's participation in MIPIM 2019, the largest real estate exhibition in the world, along with major private developers, marks a big gain and major step forward.

Palm Hills, Sarwa Capital Seal Securitization Bond Issue

Egypt's Palm Hills Developments uncovered on March 6 closing its latest securitization bond issue with Sarwa Capital Holding for Financial Investments, backed by receivables portfolio of EGP 760 mn in some of the ...

Palm Hills Wins BT100 ‘Exceptionally Innovative Project’ Award

Egypt's developer Palm Hills Developments has been awarded, for the second year in a row, the prestigious BT100 “Exceptionally Innovative Project” accolade for its revolutionary creative city project in 6th of Oct ...

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