Palm Hills to sell 5 m SQM in Saudi Arabia’s Riyadh

Tarek Abdel Rahman, CEO of Palm Hills Development (PHDC) revealed that the company owns a land bank amounts to 23 million square meters.

According to Alborsa newspaper, the company is currently developing 10 million meters in its ongoing projects, while it is willing to sell 5 million square meters in Saudi Arabian city Riyadh in the coming period.

He added that, Palm Hills is committed to allocating 350.000 meters for commercial and services constructions, in addition to opening of Street AT Mall in 6th of October city within 5 months.

He pointed out that, the company will pump LE 2 billion this year, applicable to increase.

Source: Alborsa newspaper & Arab Finance