Sudan: El Fasher's South Hospital out of service after RSF attack    Egypt supports development of continental dialogue platform for innovative health sector financing in Africa: Finance Minister    Egyptian PM explores local manufacturing boost with Elaraby Group    Shoukry to participate in BRICS Foreign Ministers meeting in Russia    TMG Holding shatters records with EGP 122bn in sales, strategic acquisitions in 5M 2024    Egypt, NEPAD collaborate to establish African Centre of Excellence for Resilience, Adaptation    EBRD invests around €12bn in Egypt since 2012: Country Director    Russia's Gazprom gas supplies to Europe via Ukraine hit 42.4m m3    Foreign investors flock to Aramco shares    Egypt's ECA reaffirms commitment to fair competition    China, Pakistan forge mining co-operation pact    Colombia's Petro: No coal exports to Israel until Gaza 'genocide' ends    New Zealand to lift ban on offshore petroleum exploration    Egypt's Labour Minister concludes ILO Conference with meeting with Director-General    Egypt's largest puzzle assembled by 80 children at Al-Nas Hospital    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Egypt's EDA, Zambia sign collaboration pact    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Ora Developers, Orascom, Banque Misr partner on ZED Sheikh Zayed construction
Construction to be completed in three years, first phase units to be delivered by 2023
Published in Daily News Egypt on 12 - 05 - 2020

Ora Developers announced on Tuesday that it has signed a contract with Orascom Construction to implement the ZED Sheikh Zayed project's first phase. The signing ceremony took place in the presence of Ora Chairperson Naguib Sawiris and Orascom CEO Osama Beshay.
The company has also signed a loan agreement worth EGP 1bn with Banque Misr to finance the project's development.
Sawiris said that the master plan and architectural design were developed by WATG International to provide customers with international quality, and ensure delivery on time.
He added that construction began in August 2019, only four months after sales were launched, and work has been going well since then.
Beshay expressed his happiness in cooperating with Ora Developers for their new distinguished project. He added that “this project confirms our leadership in creating distinguished commercial projects in Egypt, and will be added to our track record”.
“Since the beginning of the ZED project, we have always been keen on cooperating with first-class designers and contractors to provide an exclusive experience to our customers,” said Haitham Abdel Azim, CEO of Ora Developers in Egypt.
He noted that construction is scheduled to be completed in just under three years, to start delivery of first phase units by 2023.
The multi-purpose project consists of six phases with over 4,500 fully finished residential units, as well as an administrative and commercial complex.
The first stage was assigned to Orascom Construction, which will build about 600 housing units. The agreement includes the construction of a three-story roof garage, a two-level mall and four residential towers consisting of 17 floors.


Clic here to read the story from its source.