• Palm Hills partners with Dallah Real Estate to develop integrated communities and mixed-use projects across Saudi Arabia.
• The collaboration includes plans to build 15 international schools over the next decade, enhancing educational infrastructure.
• With a 60% stake in Palm Hills, the partnership builds on over 30 years of expertise to improve the quality of life in Saudi Arabia.

Palm Hills, one of Egypt’s leading real estate developers, has announced a strategic partnership with Dallah Real Estate, the real estate arm of the Dallah Al Baraka Group. The collaboration aims to create fully integrated communities and mixed-use projects across Saudi Arabia, combining expertise and vision to shape transformative urban experiences.

A Joint Commitment to Transformative Development

Dallah Real Estate has been a significant player in Saudi Arabia’s urban development landscape, contributing to large-scale projects ranging from coastal cities to hotel towers and commercial hubs. The partnership was officially announced at Cityscape 2024 in Riyadh, in the presence of Engineer Maged Sherif, Palm Hills’ CEO in Saudi Arabia, and Mr. Saleh Abdullah Saleh Kamel of Dallah Real Estate, alongside senior representatives from both companies.

Under the agreement, Palm Hills will hold a 60% stake in the joint venture, with Dallah Real Estate owning the remaining 40%. By leveraging over 30 years of combined industry experience, the partnership will focus on delivering sustainable, innovative, and integrated developments, furthering the Kingdom’s vision for future-forward urban living.

Palm Hills: Pioneering a Broader Vision

With a portfolio spanning 38 projects in key regions such as West Cairo, East Cairo, Alexandria, and the North Coast, Palm Hills has cemented its reputation as a leader in real estate innovation. Among its flagship developments is Badya City, Egypt’s first sustainable city and West Cairo’s first smart city. Spanning over 3,000 acres, Badya City aligns with the United Nations Sustainable Development Goals (UNSDGs), setting a benchmark for future urban projects.

Palm Hills’ commitment to holistic development extends beyond real estate. The company has invested heavily in education through the establishment of Badya University in collaboration with the University of Texas Medical Branch. It also holds a 29.5% stake in Taleem Education, underlining its dedication to fostering knowledge-driven communities.

Expanding its footprint in hospitality, Palm Hills owns five hotels in Egypt and is collaborating with Marriott International to open a Ritz-Carlton hotel in West Cairo. Additionally, the company is enhancing recreational opportunities with plans to open three new sports clubs in West and East Cairo. This includes the largest sports club in West Cairo, covering over 100 acres in Badya.

Aligned with Saudi Arabia’s Vision

The partnership with Dallah Real Estate reflects both companies’ dedication to sustainable development and aligns seamlessly with Saudi Arabia’s Vision 2030 goals. By prioritizing quality of life and forward-thinking infrastructure, the joint venture aims to contribute to the Kingdom’s transformation into a global leader in urban development.

This collaboration signals a new chapter for Palm Hills as it ventures into the Saudi market, bringing its expertise and innovation to support the Kingdom’s ambitious goals. Together, Palm Hills and Dallah Real Estate are poised to redefine integrated living in the region, creating vibrant, sustainable communities for generations to come.