Palm Hills, Egypt’s second-largest listed real estate developer, said on Tuesday that it will begin its housing project with the UAE’s Aabar Investments after signing the final contracts with the Egyptian government.

The company announced earlier that it plans to build a vast new housing and office complex in Cairo.

The Egyptian real estate developer said it was partnering with Aabar Investments and that the pair had signed a memorandum of understanding with the Egyptian government to build the 10,000 feddan (4,200 hectare) project.

Palm Hills stated that the project will be located in the west Cairo suburb of Six of October City.

In November 2014, Abar acquired a 5.1% stake in Palm Hills.