Zahraa Maadi Investment and Development was announced to have launched an USD 11.3 million project to construct a residential flagship. According to a Zahraa Maadi finance manager, Palm Zahraa "is being developed by six construction firms" in Maadi area. The finance manager revealed those companies to be "including state-run Al-Abd, Rolin, and Atlas General Contracting and Real Estate Investments. The initiative, the official added, will be consisting of 456 units along with presenting eighteen residential buildings for the second half of this year.