Cairo – Mubasher: Palm Hills Development Co is planning to develop a fully integrated city with cutting-edge technologies in collaboration with major international firms.
Badya project will feature administrative, entertainment, educational, commercial, and investment areas, the real estate developer said in a filing to the Egyptian Exchange (EGX) on Wednesday.
The EGX-listed firm has completed the general scheme for the 338-acre first phase of total 3,000 acres of the whole project, Palm Hills indicated.
Chairman of Palm Hills Yassin Mansour had previously told Mubasher that sales of units in Badya’s first phase had begun.
The company is building Badya with total EGP 320 billion in investments, Mansour highlighted, pointing out that the project’s estimated sales amount to around EGP 470 billion to EGP 480 billion.
Palm Hills aims to achieve new sales of EGP 12 billion in 2018.
