{"id":610110,"date":"2023-11-15T00:00:00","date_gmt":"2023-11-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/15\/palm-hills-to-break-ground-on-egp-65-bn-development-in-mid-2024\/"},"modified":"2023-11-15T00:00:00","modified_gmt":"2023-11-15T00:00:00","slug":"palm-hills-to-break-ground-on-egp-65-bn-development-in-mid-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/15\/palm-hills-to-break-ground-on-egp-65-bn-development-in-mid-2024\/","title":{"rendered":"Palm Hills to break ground on EGP 65 bn development in mid-2024"},"content":{"rendered":"

EGX-listed real estate player Palm Hills Development (PHD) will break ground on a new <\/strong>EGP 65 bn residential and commercial complex<\/strong> in Sixth of October City in June 2024, PHD head Yasseen Mansour told Asharq Business<\/a>. Mansour did not provide further details about the project, the name of which has not yet been made public. <\/p>\n

The company wants to<\/strong> snap up a loan for its Badya project:<\/strong>PHD has started talks to line up financing worth EGP 5.5 bn from a Banque Misr-led syndicate, Mansour added, with a view to onboarding the cash within three months. The funding will be earmarked for PHD\u2019s 50k unit Badya project in the Sixth of October.<\/p>\n

Not news we wanted to hear: <\/strong>Real estate prices will rise by no less than 40% in 2024, Asharq Business quotes Mansour as having said. <\/p>\n","protected":false},"excerpt":{"rendered":"

The developer is also eyeing a EGP 5.5 bn loan to finance its Badya project<\/p>\n","protected":false},"author":1,"featured_media":610111,"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":[7371],"tags":[576,130,7106,72,125,354,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-banque-misr","tag-construction","tag-debt","tag-enterpriseam","tag-investment-watch","tag-palm-hills-developments","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"f35db155-f814-490c-b449-4a7faff07156","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/814.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian real estate giant Palm Hills to break ground on EGP 65 bn development in mid-2024","related_issue":[610103],"teaser":"The developer is also eyeing a EGP 5.5 bn loan to finance its Badya project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.7668a3ab-532d-4db3-b323-a1c703ae3a78.mp3"},"yoast_head":"\nPalm Hills to break ground on EGP 65 bn development in mid-2024 - 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The 3,000-feddan project in Six October City will be co-developed by the New Urban Communities Authority (NUCA) as per an EGP 150\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641094,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/12\/phd-nuca-sign-egp-150-bn-agreement-to-co-develop-project-in-6-october\/","url_meta":{"origin":610110,"position":4},"title":"PHD, NUCA sign EGP 150 bn agreement to co-develop project in 6 October","author":"enterpriseam admin","date":"12 September 2017","format":false,"excerpt":"Palm Hills Developments (PHD) signed yesterday a EGP 150 bn agreement with the New Urban Communities Authority (NUCA) to co-develop the 3,000 feddan October Oasis residential and commercial project in Sixth of October, Al Mal reports. PHD expects to complete its general plan for the project and receive the necessary\u2026","rel":"","context":"In "Real estate"","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":663640,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/13\/ghada-waly-ismail-mansour-join-palm-hills-board\/","url_meta":{"origin":610110,"position":5},"title":"Ghada Waly, Ismail Mansour join Palm Hills\u2019 board","author":"enterpriseam admin","date":"13 April 2025","format":false,"excerpt":"The company also greenlit a EGP 1.3 bn loan to finance the expansion of Casa Cook hotel in Hacienda White","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/673.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=610110"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610110\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/610103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/610111"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610110"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610110"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}