• Yasseen Mansour emphasized the significant role of the PPP model between the Egyptian government and private developers.
• Palm Hills developed Badya, a 12.6 million square meter smart city in West Cairo, marking Egypt’s first sustainable urban project.
• Palm Hills highlighted Egypt’s leadership in fostering inclusive and sustainable urban development.

The Impact of Public-Private Partnerships

Chairman and Group CEO of Palm Hills, Yasseen Mansour, recently discussed the substantial impact of the public-private partnership (PPP) model between the Egyptian government and private real estate developers.

Explaining the PPP model, Mansour noted that it introduced a new mechanism for land sales to private developers. The new mechanism enables the allocation of a larger portion of their funds to development rather than land purchase.

This shift has encouraged companies to expand their projects and increase sales, driving growth in the Egyptian real estate sector.

He underscored how this collaboration has significantly accelerated urban development across Egypt at the African Ministers’ Housing Roundtable.

The event was hosted by the Egyptian government in partnership with the African Union and with support from UN-Habitat, at the Grand Egyptian Museum.

Praising Egypt’s Infrastructure Development

In his speech, Mansour praised the Egyptian government’s major achievements in infrastructure development. He particularly highlighted the country’s new road network spanning over 7,000 kilometers.

This network has improved connectivity between Egyptian cities, drawing increased private sector interest in real estate partnerships.

These infrastructure advancements also played a key role in Egypt securing its largest foreign direct investment deal. One of Egypt’s largest foreign direct investment deals is the Ras El Hekma development project, which was in collaboration with UAE-based companies.

Badya city: Egypt’s First Sustainable City

According to Mansour, the PPP model represents a major shift in Egypt’s real estate industry, creating an appealing environment for both local and international investors.The collaboration between the government and the Egyptian companies led to the execution of large-scale projects.

Palm Hills has developed projects like “Badya,” Egypt’s first sustainable and West Cairo’s first smart city. The project spans 12.6 million square meters, Badya is designed to meet UN Sustainable Development Goals and will accommodate approximately 230,000 residents by 2034.

Badya’s design follows a “6+1” concept, whereby the city is built in six phases, each equipped with essential services for residents and connected to the core heart of the city. This approach enhances residents’ quality of life, reduces reliance on cars, and promotes a healthy environment.

Badya: A Model for Sustainable Urban Development

Mansour highlighted Badya as a model for sustainable urban development built to high global standards. He emphasized the importance of comprehensive urban planning in achieving sustainable development.

He also noted that PPP projects underscore the private sector’s role in urban progress, promoting investment and sustainable growth in Egypt.