Egyptian Billionaire Naguib Sawiris’ New Venture is Set to Build $2bn Worth of Projects Across the Middle East
Egyptian Leading Business Tycoon, Naguib Sawiris, just re-launched his real estate entity Gemini Global Development; to form a new venture called Ora Developers that have huge plans! In the coming five years, Ora Developers are set to build with a target of two billion dollars across the Middle East. Ora Developers’ projects in the Middle East are likely to include a mix of holiday resorts, residences, villas and marinas built in locations of “natural beauty”, with cultural and heritage elements.
“The developments will be based on our lifestyle destinations model and have the same standards of design and construction as our current projects.” Said Haitham Mohamed, Board Member at Ora Developers, in an interview with the National during the Cityscape Global conference in Dubai. The first project the company unveiled as Ora Developers was the Eighteen Islamabad project, targeted at wealthy overseas Pakistanis.
Mr Sawiris, Chairman, and CEO of Ora Developers said in a statement “We want our new brand to be seen as a stamp of excellence for our existing and future developments”.