Palm Hills Developments ("PHD" or "the Company"), the leading real estate developer in Egypt, announce the signature of a service agreement with Julius Burger International GmbH ("JBI") for the project management of phase 1A of Badya, 6th of October City.JBI will handle all project management activities including the administration and monitoring of all contractors’ activities, act as the project advisor, design management, construction program management and supervision, off-site manufacturing and mock ups, construction strategy development and execution, cost management, quality control management, and value engineering management.

Badya’s phase 1A spreads 332 feddan out of the project’s 3,000 feddan. Phase 1A will comprise apartments buildings, villas, town houses and twin houses with total GFA of c.622,317 sqm complemented by an international school complex, an office park, a sports club with total GFA of c.170,000 sqm. While the infrastructure component of said phase will include the development of internal road network of c.27,000 m, connection to existing and future public roads network, supply of potable water, irrigation water using treated sewage effluent, collection of sewage, supply of power, IT and communication systems accompanied by landscaping, parks and green areas. The Company expects to commence handovers of phase 1A in 2022

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