Palm Hills Expands into Saudi Arabia with Dallah Real Estate Strategic Partnership

Palm Hills, Egypt’s main actual property developer, has introduced a strategic partnership with Saudi Arabia’s Dallah Real Estate, a significant actual property arm of the Dallah Al Baraka Group, bringing collectively a mixed expertise of over 30 years in actual property improvement, development, and concrete planning.

This partnership, revealed at Cityscape 2024 in Riyadh, goals to remodel neighborhood dwelling in Saudi Arabia by specializing in built-in residential and mixed-use developments, in addition to strengthening the Kingdom’s instructional infrastructure. 

The signing of the partnership settlement was attended by outstanding figures from each corporations, together with Engineer Maged Sherif, CEO of Palm Hills in Saudi Arabia, and Mr. Saleh Abdullah Saleh Kamel, representing Dallah Real Estate, together with govt leaders. Under the phrases of the settlement, Palm Hills will maintain a 60 % stake within the new three way partnership, with Dallah Real Estate holding the remaining 40 %.

Expanding Community and Education Goals for Saudi Vision 2030

At the core of this partnership is the mission to develop totally built-in communities all through Saudi Arabia, advancing a shared imaginative and prescient for a extra related and inclusive city panorama. 

One of the most important initiatives underneath this partnership is the institution of 15 worldwide faculties over the subsequent decade, designed to raise instructional requirements and infrastructure and contribute to the next high quality of life throughout the Kingdom. This give attention to instructional infrastructure, which goals to diversify the financial system, elevate the standard of life, and foster neighborhood improvement.

This three way partnership goals to leverage the in depth experience of Egypt’s Palm Hills and Saudi Arabia’s Dallah Real Estate to create fashionable communities that prioritize accessibility and livability. 

In addition to residential and academic initiatives, the partnership will broaden into development, specializing in creating vibrant, inclusive communities throughout Saudi Arabia.

A Growing Role for Egyptian Developers in Saudi Arabia’s Real Estate Sector

The partnership between Palm Hills and Dallah Real Estate represents Palm Hills’ intention to play a pivotal position in Saudi Arabia’s formidable actual property enlargement. 

Palm Hills is one in all Egypt’s main actual property builders, boasting a portfolio of greater than 38 initiatives throughout West Cairo, East Cairo, Alexandria, and the North Coast. Known for its holistic method to sustainable dwelling, Palm Hills is behind the formidable Badya City, Egypt’s first sustainable and sensible metropolis that spans over 3,000 acres and aligns with the United Nations Sustainable Development Goals (UNSDG).

Palm Hills can be a significant player in education, exemplified by its development of Badya University in collaboration with the University of Texas Medical Branch and a 29.5 % stake in Taleem Education.