Palm Hills Developments, one of Egypt’s leading real estate developers, has signed a co-development agreement with Egyptian Kuwaiti Company for Real Estate Development to jointly develop a 1.4 million square metre plot of land for a large-scale mixed-use project in West Cairo, directly adjacent to the iconic Palm Hills October Phase I community, according to company disclosures to the Egyptian Exchange.
Under the terms of the agreement, the developer’s total land bank will increase to approximately 40.5 million square metres, bolstering its long-term growth strategy and sales visibility.
The new development is planned as an integrated residential and lifestyle community, with an estimated gross sales value of about EGP 177 billion over a projected eight-year marketing period. The project is expected to be launched in the first half of 2026.
Palm Hills has said the land will be connected with existing project phases, offering easy access to community amenities including the Palm Hills Sports Club and retail centres. The master plan is expected to include luxury villas, townhouses, apartments and complementary commercial space to meet rising demand for integrated developments in the region.
