- Palm Hills Developments and Dallah Real Estate will develop 15 international schools over the next decade, addressing Saudi Arabias demand for quality education.
- The partnership aligns with Vision 2030, aiming to enhance Saudi Arabias educational and urban infrastructure.
- Palm Hills reported a 180 rise in H1 2024 net profit, reinforcing its financial strength to support this regional expansion.
Palm Hills Developments, a leading Egyptian real estate company chaired by billionaire Yasseen Mansour, has entered into a partnership with Saudi Arabias Dallah Real Estate to develop integrated real estate projects across the Kingdom. This strategic collaboration aims to address Saudi Arabia's growing need for high-quality educational infrastructure while expanding Palm Hills presence in the Middle East.
Focusing on education through innovative real estate
The partnership will prioritize the establishment of approximately fifteen international schools over the next ten years, a direct response to Saudi Arabias rising demand for world-class educational facilities. Palm Hills CEO Magued Sherif emphasized the dual benefits of this venture, which supports both the company's regional growth and Saudi Arabia's Vision 2030.
This partnership is a major step in Palm Hills' regional expansion strategy, Sherif stated. By meeting the demand for international schools, we aim to support Saudi Arabias educational development while delivering innovative real estate projects.
Since launching operations in Saudi Arabia three months ago, Palm Hills has been negotiating with prominent landowners in key cities such as Riyadh and Jeddah to secure prime locations. The company plans to rely on Dallah Real Estates local expertise to ensure efficient project execution.
