PALM HILLS DEVELOPMENTS 1من اصل3

Palm Hills Developments;
leading real estate developer in Middle East
Palm Hills Developments is a leading real estate company in the Egyptian
market, primarily developing integrated residential, commercial real estate
and resort projects. Founded in 2005 by Mansour and Maghraby
Investment and Development (MMID), the company, which is listed on the
Cairo-Alexandria Stock Exchange and the London Stock Exchange, was the
result of a vision to create self-sufficient communities through the utilization
of integrated tools.
Palm Hills Developments possesses one of the largest land banks in the
country and is rapidly growing into a regional player, thanks to a
geographically diversified land bank suitable for the development of a broad
range of real estate products all fashioned to reflect the country’s culture as
well as the clients’ lifestyle and prerequisites.
The Palm Hills Developments story has its roots in real estate venture Al
Ethadia Co. In 1997, a group of prominent Egyptian business leaders
established Al Ethadia to serve as the investment vehicle for the Palm Hills
October residential development in West Cairo.
By 2005, the company had sold over 450 luxury villas and townhouses in
the Palm Hills October development and built-up more than 500,000
square meters of land in the surrounding area.
Palm Hills Developments acquired the assets of Al Ethadia when it
completed the first five phases of the Palm Hills October development. In
the years since, Palm Hills Developments has grown to become Egypt’s
leading real estate developer, with one of the largest land banks in the
nation. The company’s 23.9 million sqm of lands include 6 million sqm in
KSA; while the remaining lands are distributed across 18 projects in Egypt;
1 7 of which; are under construction and one project is in the design stage.