Palm Hills Developments and NUCA inks co-development agreement of an integrated residential community spreading 12.6 million sqm in West CairoCo-Development Agreement • September 12th, 2017
Contract Type FiledSeptember 12th, 2017Cairo/London, September 12, 2017: Palm Hills Developments ("PHD") announce the signature of an agreement with the Egyptian New Urban Communities Authority ("NUCA"), with the purpose of co- developing, on a revenue sharing basis, an integrated residential community spreading over 12.6 million sqm (approximately 3,000 feddan) in West Cairo. The project is an integrated community with complete residential complex offering apartment buildings, standalone units complemented with commercial, educational and leisure facilities.