Cairo - Mubasher: Palm Hills Developments Company entered into a partnership agreement with UAE-based Miran Hills Real Estate to launch a major coastal project in Ras Al Hikma on Egypt’s North Coast.

The development will cover 5.65 million square meters and include more than 4.80 kilometers (km) of beachfront, with sales expected to begin in summer 2026, according to a press release.

It includes world-class hotels, a signature sports club, beachfront dining venues, and spa facilities.

Hisham Malak, Managing Director of Miran Hills Real Estate, said: “This collaboration represents our commitment to bringing world class developments to the region's most exceptional locations.”

“Ras Al Hikma offers an unparalleled opportunity to create a truly iconic destination, a place ripe for growth and opportunity, and we are confident that we will set a new benchmark for luxury living on the North Coast,” Malak added.

Yasseen Mansour, the Chairman and CEO of Palm Hills, stated: “Ras Al Hikma has emerged as the premier destination on Egypt's North Coast, a thriving Mediterranean city offering a sublime way of life, all year round. The project will leverage our proven expertise in creating vibrant, luxurious and sustainable communities.”

As of 31 December 2025, the EGX-listed company posted EGP 4.21 billion in net profit after tax and minority interest, higher by 30% year-on-year (YoY) than EGP 3.25 billion.