Riyadh - Sharikat Mubasher: Egypt-based Palm Hills announced plans to invest a total of $600 million in various business sectors within the Saudi Market during the next year.

Yasseen Mansour, Chairman & Group CEO of Palm Hills Developments, one of Egypt's leading real estate companies, told Asharq Business that the Group plans to allocate $300 million to pump into the Education sector in collaboration with local partners in the Kingdom by the coming year.

Mansour added that another $300 million will be dedicated to investments within the residential and commercial sectors alike.

Moreover, the company intends to inaugurate around 15 schools in Riyadh, Jeddah and a number of Saudi cities as part of its future plans.