Arkan Palm for Real Estate Investment reaches an agreement with Gensler to set out the designs and the detailed plan of its project in Sheikh Zayed City which is established in partnership with New Urban Communities Authority (NUCA), according to its Chairman.
Arkan Palm for Real Estate Investment is partnering NUCA for the construction of an integrated commercial, administrative, medical, and recreational complex on an area of 205 feddans, located on the 26th of July Axis in Sheikh Zayed City.
The U.S-based Gensler is an integrated architecture, design, planning and consulting firm — 6000+ professionals networked across 48 offices—providing global reach with local touch.. It delivers a range of project types for clients around the world.
Chairperson of the company Mamdouh Badr El Din said that the firm will complete the project’s plan and designs within a time frame of 20 weeks.
He explained that the mixed-use project includes residential towers, stand-alone, commercial and administrative units, as well as recreational areas. Located in a privileged location next to Nile University and directly overlooking the 26th of July Axis.
Palm Hills owns 40% stake in Arkan Palm for Real Estate Investment while Badr Al Din Real Estate Development Company owns the majority shareholder of the company.