Palm Hills Development signed a partnership agreement with El Badr for Investments & Commercial Spaces and its executive arm to develop two commercial areas in PHD projects for EGP 7 bn, El Badr Chairman Mamdouh Badr El Din tells Al Mal. The projects, one in each of the company’s developments in east and west Cairo, will be 60% owned by PHD and 40% owned by El Badr and its subsidiary.

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