Latest news with #PalmHills
Zawya
02-06-2025
- Business
- Zawya
Egypt pens $20bln deal to launch Jirian City in Sheikh Zayed
Arab Finance: Egyptian Prime Minister Mostafa Madbouly witnessed the signing of a partnership and development agreement to launch the environmentally friendly city in Sheikh Zayed, Jirian City, with total cost and investment returns estimated at approximately EGP 1.5 trillion, the Egyptian cabinet announced on June 1st. Inked at the government headquarters in the New Administrative Capital, the agreement forms a strategic alliance between Future of Egypt and prominent real estate developers Palm Hills, Mountain View, and Nations of Sky. Covering an area of around 6.8 million square meters, the city includes more than 20,000 residential units, along with about one million square meters designated for administrative, commercial, and service activities. Facilities at the new city include shopping malls, international hotels, universities, a hospital, a media city, and world-class sports clubs. Significantly, water bodies will constitute approximately 20% of the city's layout, complemented by green spaces covering around 30%, ensuring environmental sustainability and a distinctive living environment. Jirian will also leverage three irrigation sources, including a branch of the Nile River extending from Rasheed and passing centrally through the city. Prime Minister Madbouly emphasized the significance of Jirian City, describing it as a qualitative leap in the future of smart, environmentally friendly cities and highlighting its role in advancing sustainable urban development. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
25-05-2025
- Business
- Daily News Egypt
Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool
Palm Hills Developments has officially launched the inaugural Palm Hills Squash Open tournament, taking place from May 22 to 27, featuring 48 top-ranked international male and female players from 13 countries and a total prize pool of $250,000. The event is sponsored by Cairo 3A Group and organized by ievents. During a press conference, Palm Hills emphasized that the tournament reflects its strategic commitment to supporting Egypt's sports sector, with a long-term vision of preparing Egyptian athletes to qualify for the 2028 Los Angeles Olympics. Yasseen Mansour, Chairperson and CEO of Palm Hills, stated: 'This tournament marks a step forward in positioning Egypt as a regional sports hub and highlights the important role of sports in community development. It also strengthens the Palm Hills Sports Club as a world-class platform that empowers future champions across all disciplines.' Amr Mansi, CEO of ievents, expressed his enthusiasm about hosting the tournament, noting that it aims to showcase Egypt's excellence in organizing global sporting events and reinforcing its leadership in squash. Ayman El-Gamil, Chairperson of Cairo 3A Group, said that the company's sponsorship reflects its belief in sports as a vital tool for youth empowerment and a reaffirmation of Egypt's global standing in squash. The tournament is part of a broader initiative by Palm Hills Sports Club to support the growth of Egyptian squash and demonstrate the country's capabilities in hosting high-profile international events, contributing to both sports development and tourism. Palm Hills has ensured full readiness for the tournament by equipping three squash courts within the Palm Hills Sports Club, in addition to a main championship court located at Palm Hills October with a seating capacity of 850 spectators. The venue also includes advanced medical and training facilities to provide athletes with a professional and supportive environment.
Egypt Today
19-05-2025
- Business
- Egypt Today
Tarek Nour Events Unveils Details of The Real Estate Expo at Press Conference During Exhibition Launch
Tarek Nour Events, a regional leader in exhibitions, conferences, and experience-driven event curation, held a press conference during the inauguration day of the first edition of The Real Estate Expo,under the slogan of ' Real Estate, Real Investment', running from May 15 to 18 at the Egypt International Exhibition Center (EIEC) in New Cairo shaping the future of real estate in Egypt. The conference brought together top real estate leaders, Shedding light on the exclusive offers and unprecedented payment plans tailored to property buyers and investors, the press event offered an overview of the exhibition's highlights. Speakers emphasized the Expo's role in energizing the local real estate sector, attracting new investment, and providing an interactive platform to showcase projects and explore untapped opportunities in the Egyptian market. With participation from more than 20 of Egypt's most prominent real estate developers, The Real Estate Expo is positioned as a fully integrated property initiative catering to those seeking residential, coastal, administrative, or commercial units. The event serves as a powerful connector between developers and customers, offering curated real estate experiences across diverse project types and market segments. Setting a new benchmark for industry showcases, the inaugural edition of The Real Estate Expo emerges as a premier destination for Egypt's leading real estate developers and investors. The event brings together top-tier market players under one roof, creating a dynamic platform for growth, strategic collaboration, and investment opportunities. Exclusive offerings include discounts of up to 50% on cash payments and installment plans of up to 12 years with no down payment. Notable participating developers include Palm Hills, Ora Developers, Hassan Allam Properties, Tatweer Misr, Hyde Park Developments, Al-Ahly Sabbour, Wadi Degla, Better House,PRE Developments, Roya Group Developments, Inertia Egypt, and People & Places. Additional participants include International Real Estate Development, Living Yards Developments, The Ark Development, Najma Walk, Reedy Group, NTG Development, Enwan Developments, M Squared, Frontline Development, New Town Group, along with leading real estate broker Y the Brokers.
Daily News Egypt
18-05-2025
- Sport
- Daily News Egypt
Madinaty Golf Club wins Egypt Golf Cup for 1st time
Madinaty Golf Club has won the Egypt Golf Cup for the first time in its history, defeating Palm Hills in a final match held at the New Giza Golf Club. The match concluded with a 3-3 tie, necessitating a playoff round where Madinaty's players secured the victory. This win marks Madinaty's success in the second edition of the tournament. Madinaty Golf Club's path to the title included a victory over Katameya Heights Club in the quarter-finals, followed by a win against Ein Sokhna Club in the semi-finals, before the decisive match against Palm Hills. The Madinaty team comprises experienced players and emerging talents, including Karim El Sabaa, Hassan Ismail, Ahmed El Helwagy, Salma El Shamy, Amr Nagy, Wael Soliman, Aly Fahmy, Sherif Kamal, Yansa Anderson, and Mohamed Salah. Josh North, General Manager of Madinaty Golf Club, expressed his satisfaction with the club's inaugural win of this cup. He praised 'the great efforts made by all players and officials to achieve this accomplishment,' noting that winning the title 'enhances Madinaty Club's position as one of the most prominent clubs in golf in Egypt.' North stated that the Egypt Golf Cup victory 'represents a starting point towards more championships, and is an extension of the great successes achieved by the club during the past period.' He highlighted that since its establishment, the club has hosted numerous local and international tournaments, including an event in the Asian Tour series in 2022 and the Arab Junior and Ladies Championship scheduled for 2025. Madinaty Golf Club was also named best golf course in Africa for 2023 and 2024 and has received the award for best golf course in Egypt for four years. The Egyptian Golf Federation congratulated Madinaty Golf Club on winning the Egypt Cup and extended its best wishes to all participating golf teams.
Zawya
16-05-2025
- Business
- Zawya
Egypt: Palm Hills' consolidated profits climb 53.65% YoY in Q1 2025
Egypt - Palm Hills Development Company (PHDC) reported a 53.65% year-on-year (YoY) increase in consolidated net profits after tax for the first quarter (Q1) of 2025, registering EGP 1.539 billion, versus EGP 1.002 million, as per a filing. The real estate development company's operating revenues amounted to EGP 8.392 billion in Q1 2025, compared to EGP 6.228 billion in the same quarter a year earlier. The firm has incurred standalone net losses after tax totaling EGP 367.634 million during the January-March period this year, versus profits worth EGP 160.624 million in the first three months of 2024. Palm Hills is an Egypt-based company that focuses on real estate investment in new cities and urban communities, land reclamation and cultivation, and other activities associated with the company's operations. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
