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The External Affairs Minister said that he is travelling to Pakistan only to be a 'good member of the SCO'
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Palm Hills signs Dh210m agreement with Burooj
DUBAI — Palm Hills Developments,or PHD, one of the leading real estate developers in Egypt listed on both the Egypt and London Stock Exchanges, signed an agreement with Burooj Properties, the real estate arm of Abu Dhabi Islamic Bank, or ADIB which develops and markets real estate developments in the United Arab Emirates, GCC and Middle East.
This agreement covers the sale of 425 units of Palm Hills Development’s Village Garden Katameya project with a total value of Dh210 million to Burooj Properties. “After our success in the Abu Dhabi market, our entry into the Egyptian is a continuation of our strategies of diversification and accomplishments in the real estate sector. We are committed to offering clients a range of high quality products targeting the middle income bracket, and partnering with real estate development companies with strong reputations, such as Palm Hills Developments. We are confident that our partnership with PHD will result in a fruitful alliance that will result in the timely delivery of these projects,” said Adel Ahmed Al Zarouni, Managing Director of Burooj Properties. —business@khaleejtimes.com
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