Palm Hills Developments announced, through an official disclosure submitted to the Egyptian Exchange on April 20, 2026, the issuance of a joint press release in collaboration with Meraas Hills Real Estate. The statement was submitted by the Investor Relations department as part of the company’s commitment to transparency and regulatory compliance.
The disclosure highlights the launch of a new integrated real estate project in Ras El Hekma, located on Egypt’s North Coast, reflecting Palm Hills’ continued expansion into large-scale coastal developments and its strategy to strengthen regional partnerships.
A Fully Integrated Coastal Development
The newly announced project represents a comprehensive mixed-use development designed to deliver a high-end, fully integrated living experience. The development spans approximately 5.65 million square meters and features a beachfront extending over 4.8 kilometers, positioning it among the most prominent coastal projects in the region.
The project will include a diverse range of components aimed at creating a self-sustained community, including:
- Premium residential units across various segments
- International-standard hotels
- A fully equipped sports club
- Upscale beachfront dining destinations
- Modern entertainment and lifestyle venues
- A world-class wellness center and spa
Sales and launch activities are expected to commence خلال Summer 2026, indicating a relatively fast-track timeline for market entry.
Ras El Hekma as a Strategic Investment Destination
Ras El Hekma has rapidly emerged as one of the most promising investment hubs along Egypt’s North Coast. The area continues to attract strong interest from leading real estate developers due to its strategic location, natural coastal assets, and long-term tourism potential.
This project further reinforces the region’s positioning as a key destination for luxury developments, particularly in light of ongoing government efforts to transform the North Coast into a global tourism and investment center.
Leadership Statements Reflect Long-Term Vision
Hesham Malak, Managing Director of Meraas Hills Real Estate, stated that the partnership marks a significant step toward delivering world-class developments in prime locations. He emphasized that Ras El Hekma presents exceptional growth and investment opportunities, expressing confidence that the project will set new benchmarks for upscale coastal living.
Yasseen Mansour, Chairman and Group CEO of Palm Hills Developments, highlighted that the collaboration enhances the company’s ability to deliver integrated and sustainable communities. He noted that the project builds on Palm Hills’ proven track record in luxury real estate and aims to provide a comprehensive residential experience aligned with evolving customer expectations.
Palm Hills: Strong Track Record and Regional Expansion
Palm Hills Developments is recognized as one of Egypt’s leading real estate developers, with over 25 years of experience in building integrated urban communities. The company holds a diversified land bank exceeding 40 million square meters across Egypt and Abu Dhabi.
Its portfolio includes residential projects in East and West Cairo, Alexandria, and North Coast destinations, in addition to managing seven hotels and three sports clubs.
As part of its diversification strategy, the company has acquired a 32.61% stake in the education services sector through investments in institutions such as Nahda University, Badya University, and Memphis University, strengthening its recurring revenue streams.
In 2025, Palm Hills signed an agreement to develop a 1.9 million square meter project adjacent to Saadiyat Island in Abu Dhabi, marking its first major international expansion.
The company has been listed on the Egyptian Exchange since 2008 under the ticker symbol PHDC.CA, reflecting its established presence in the capital market.
Forward-Looking Statements Disclaimer
The company noted that the statement includes forward-looking projections related to project development and financial performance. These projections are based on current expectations and do not constitute guarantees of future results. Actual outcomes may vary significantly due to a range of economic and market factors.
Through this strategic partnership, Palm Hills continues to strengthen its position in the real estate market by focusing on high-value developments that support sustainable growth and enhance Egypt’s attractiveness as a regional investment destination.