26 May, 2019

Egypt's Arkan Palm awards design contract for mixed-use project

Gensler to design 205-acre project in Sheikh Zayed City

Image used for illustrative purpose. Construction workers looking at blueprint on construction site.

Image used for illustrative purpose. Construction workers looking at blueprint on construction site.

Getty Images

26 May 2019
Egyptian developer Arkan Palm for Real Estate Investment has awarded the detailed design contract for a 205-acre mixed-use development in Sheikh Zayed City to United States-based architecture firm Gensler.

The yet-to-be-named integrated commercial and leisure complex, would be developed in partnership with the New Urban Communities Authority (NUCA), Arkan Palm had announced in March.

The developer said in a press statement last week that Gensler would complete the detailed designs within 20 weeks and thereafter, the project would be submitted for ministerial approvals and licenses.

Arkan Palm is a joint venture owned 30 percent each by Badr Al Din Real Estate Development Company and Al Bader Investment Company and 40 percent by Palm Hills Development.

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)


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