Samla & Alam Al Roum for Urban Development, a subsidiary of Dallah Albaraka Holding, announced today that it has entered into a strategic partnership with Palm Hills Developments (PHD), one of Egypt’s leading real estate developers, to co-develop a 97-acre land plot in East Cairo. This landmark agreement represents a major step forward in both companies’ growth strategies as they collaborate to develop a new mixed-use community that addresses the growing demand for high-quality residential and commercial destinations in East Cairo.

Eng. Abdulaziz Yamani, CEO of Dallah Albaraka Holding, commented on the partnership “This agreement reflects our confidence in the Egyptian economy and its real estate sector, as well as in Palm Hills as a trusted and strategic development partner. Together, we aim to create a vibrant destination that adds long-term value to New Cairo and enhances the urban landscape of East Cairo”.

The collaboration underscores both companies’ shared commitment to supporting Egypt’s economic growth and delivering sustainable, high-value developments that contribute to the country’s ongoing urban expansion.