{"id":666319,"date":"2025-06-02T00:00:00","date_gmt":"2025-06-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/02\/palm-hills-mountain-view-nations-of-sky-mostakbal-misr-ink-partnership-and-development-contract-for-jirian-project\/"},"modified":"2025-06-02T00:00:00","modified_gmt":"2025-06-02T00:00:00","slug":"palm-hills-mountain-view-nations-of-sky-mostakbal-misr-ink-partnership-and-development-contract-for-jirian-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/02\/palm-hills-mountain-view-nations-of-sky-mostakbal-misr-ink-partnership-and-development-contract-for-jirian-project\/","title":{"rendered":"Palm Hills, Mountain View, Nations of Sky, Mostakbal Misr ink partnership and development contract for Jirian project"},"content":{"rendered":"

An ambitious project to divert a branch of the Nile to build a EGP 1.5 tn new <\/strong>desert city is now officially in the works <\/strong>after private sector developers Palm Hills, Mountain View and Nations of Sky inked a partnership and development contract for the Jirian project with the state, represented by the Egyptian Armed Forces-linked Mostakbal Misr Agency for Sustainable Development, according to a cabinet statement<\/a>.<\/p>\n

Jirian is set to spread over <\/strong>6.8 sq km<\/strong> in the Sheikh Zayed Axis and house 20k residential <\/strong>units<\/strong>, in addition to commercial areas, hotels, universities, hospitals, international sports clubs, and a media production city. The megaproject is expected to produce 250k jobs, Prime Minister Moustafa Madbouly said after the signing, according to a separate cabinet statement<\/a>. The first 1.6k feddan phase of the project will be completed in five years, he said.<\/p>\n

But the project isn\u2019t just about building a new city, it's about supporting the <\/strong>New Delta<\/a><\/strong>reclamation project<\/a><\/strong>. <\/strong>Efforts to add 2.5 mn feddans of agricultural land to the country through desert reclamation need to be supported by residential projects to house the expected 2.5 mn families that will live in this new region, according to Madbouly. The branch of the Nile that will run through Jirian will then flow on to irrigate agricultural areas in the New Delta project.<\/p>\n

Residential projects for broader sections of the population will follow<\/strong>, Madbouly said in response to concern that the project only catered to high-income households. Jirian is \u201conly part of a very large urban system that will later include cities and villages serving all sectors,\u201d he explained.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jirian is set to spread over 6.8 sq km in the Sheikh Zayed Axis and house 20k residential units<\/p>\n","protected":false},"author":1,"featured_media":666320,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[72,125,154,354,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-666319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-enterpriseam","tag-investment-watch","tag-mountain-view","tag-palm-hills-developments","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"bf89fd45-a146-4e9a-8960-f7f1d6d0806a","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/107.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Palm Hills, Mountain View, Nations of Sky, Mostakbal Misr ink partnership and development contract for Jirian project","related_issue":[666314],"teaser":"Jirian is set to spread over 6.8 sq km in the Sheikh Zayed Axis and house 20k residential units","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.ea6eeb76-a814-4791-a5ef-6da60b8bef2d.mp3"},"yoast_head":"\nPalm Hills, Mountain View, Nations of Sky, Mostakbal Misr ink partnership and development contract for Jirian project - 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Palm Investment and Real Estate Development will use the money to finance the company\u2019s\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/379.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572536,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/palm-hills-ci-capitals-taaleem-ink-mou-to-set-up-health-sciences-university-in-badya-compound\/","url_meta":{"origin":666319,"position":1},"title":"Palm Hills, CI Capital\u2019s Taaleem ink MoU to set up health sciences university in Badya compound","author":"enterpriseam admin","date":"29 June 2020","format":false,"excerpt":"PHD, CI Capital\u2019s Taaleem ink MoU to set up life sciences university in Badya compound: Palm Hills Development (PHD) has signed a preliminary agreement with CI Capital subsidiary Taaleem to jointly set up a new private university in its West Cairo Badya project, according to a press release (pdf). The\u2026","rel":"","context":"In "Speed Round"","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":593336,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/25\/nuca-to-issue-egp-10-bn-securitized-bonds-in-2h-2019-2020\/","url_meta":{"origin":666319,"position":2},"title":"NUCA to issue EGP 10 bn securitized bonds in 2H 2019-2020","author":"enterpriseam admin","date":"25 November 2019","format":false,"excerpt":"DEBT WATCH- NUCA moving to issue another EGP 10 bn in securitized bonds to fund new cities: The New Urban Communities Authority (NUCA) is planning to securitize up to EGP 10 bn of receivables from partnered private sector real estate developers in the second half of its current fiscal year\u2026","rel":"","context":"In "Speed Round"","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":594982,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/palm-hills-inks-agreement-with-jbi-to-manage-sixth-of-october-project\/","url_meta":{"origin":666319,"position":3},"title":"Palm Hills inks agreement with JBI to manage Sixth of October project","author":"enterpriseam admin","date":"12 September 2019","format":false,"excerpt":"Real estate developer Palm Hills has signed an agreement with Julius Burger International (JBI) to manage phase 1A of its Badya project in 6 October, the company said in an EGX disclosure (pdf). \u201cJBI will handle all project management activities including the administration and monitoring of all contractors\u2019 activities,\u201d among\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":598514,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/arkan-palm-awards-design-contract-for-sheikh-zayed-development-to-gensler\/","url_meta":{"origin":666319,"position":4},"title":"Arkan Palm awards design contract for Sheikh Zayed development to Gensler","author":"enterpriseam admin","date":"27 May 2019","format":false,"excerpt":"Egypt\u2019s Arkan Palm has awarded the design contract for a 205-acre mixed-use development in Sheikh Zayed City to Gensler, an architecture firm based in the US, Thomson Reuters Projects News reports. The development will be a commercial and leisure complex, constructed in partnership with the New Urban Communities Authority (NUCA).\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":589745,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/09\/real-estate-player-el-mostakbal-joins-sfes-pre-ipo-fund-report\/","url_meta":{"origin":666319,"position":5},"title":"Real estate player El Mostakbal joins SFE\u2019s pre-IPO fund -report","author":"enterpriseam admin","date":"9 July 2023","format":false,"excerpt":"The SFE reportedly plans to sell a 25-30% stake in the company","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/252.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\/666319","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=666319"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666319\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/666314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/666320"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=666319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=666319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=666319"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=666319"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=666319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}