{"id":572051,"date":"2020-06-09T04:22:31","date_gmt":"2020-06-09T04:22:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/"},"modified":"2020-06-09T04:22:31","modified_gmt":"2020-06-09T04:22:31","slug":"phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/","title":{"rendered":"PHD signs EGP 3.5 bn agreement with Al Shorouk for Ain Sokhna development"},"content":{"rendered":"<p>Palm Hills Developments (PHD) has signed a EGP 3.5 bn agreement with Al Shorouk for Touristic Developments to build a mixed-use development in Ain Sokhna, according to a <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A8%D8%A7%D9%84%D9%85-%D9%87%D9%8A%D9%84%D8%B2-%D8%A8%D9%8A%D8%A7%D9%86-%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89-08-06-2020.pdf\">bourse disclosure (pdf)<\/a>. The project will cover 116 feddans and be developed over five phases. The first phase of homes is set to be delivered three years from the project\u2019s launch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Palm Hills Developments (PHD) has signed a EGP 3.5 bn agreement with Al Shorouk for Touristic Developments to build a mixed-use development in Ain Sokhna, according to a bourse disclosure (pdf). The project will cover 116 feddans and be developed over five phases. The first phase of homes is set to be delivered three years [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,354,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572051","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-palm-hills-developments","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"134f21ad-8e72-4a0c-90b7-1b5831885e47","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[572024],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PHD signs EGP 3.5 bn agreement with Al Shorouk for Ain Sokhna development - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PHD signs EGP 3.5 bn agreement with Al Shorouk for Ain Sokhna development\" \/>\n<meta property=\"og:description\" content=\"Palm Hills Developments (PHD) has signed a EGP 3.5 bn agreement with Al Shorouk for Touristic Developments to build a mixed-use development in Ain Sokhna, according to a bourse disclosure (pdf). The project will cover 116 feddans and be developed over five phases. The first phase of homes is set to be delivered three years [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-09T04:22:31+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PHD signs EGP 3.5 bn agreement with Al Shorouk for Ain Sokhna development\",\"datePublished\":\"2020-06-09T04:22:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\"},\"wordCount\":70,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Palm Hills Developments\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\",\"name\":\"PHD signs EGP 3.5 bn agreement with Al Shorouk for Ain Sokhna development - 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The facility will replace an existing EGP 2.4 bn syndicated medium-term loan previously granted by the Arab African International Bank along with\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557678,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/28\/palm-hills-to-borrow-egp-2-5-bn-for-new-cairo-project\/","url_meta":{"origin":572051,"position":2},"title":"Palm Hills to borrow EGP 2.5 bn for New Cairo project","author":"enterpriseam admin","date":"28 September 2021","format":false,"excerpt":"A Palm Hills Development (PHD) subsidiary will borrow EGP 2.5 bn from Banque Misr and the National Bank of Egypt after signing a long-term financing agreement with the banks, NBE said in a statement (pdf) yesterday. 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