(MENAFN) Egypt-Palm Hills Development has inked a deal with the government's New Urban Communities Authority to develop an integrated residential community over a 12.6mn square meters area in Cairo.
Additionally, the project will provide apartment buildings, standalone units complemented with commercial, education and leisure facilities at USD8.48bn.
Accordingly, the agreement with Nuca was in connection with co-developing the project on a revenue sharing basis.
Meanwhile, Palm Hills will be in charge for all financing, construction, development, internal infrastructure and marketing activities.
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