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Orascom Housing Communities wins Cityscape Egypt award for Residential Project Award Built

CAIRO, EGYPT, February 22, 2012
Cityscape Egypt announced the awards' winners during the gala dinner held at the Four Seasons Nile Plaza last night. Orascom Housing Communities (OHC) won an award for its flagship project Haram City (HC): Residential Project Award (Built). The award was received by Eng. Omar Elhitamy, OHC's Managing Director on behalf of the company. The ceremony brought together real estate market key players who participated in the Cityscape exhibition.

The Residential Project Award (Built) recognizes OHC for its innovative strategy in bringing Haram City -a fully integrated township- to life. The company focuses on delivering high quality units and unique designs, by incorporating local heritage and lifestyle into its master plan. In order to ensure sustainability throughout every phase of it's towns' development, OHC is committed internally -to its employees- and externally -to its customers- incorporating social responsibility within its business model. The judge committee included: Mr. Salem Akram, Director of Construction Innovation & Development at the Charter Institute of Building; Professor Suha Ozkan, Founding Chairman of the World Architecture Community; Mr. Hisham Youssef, Events & Communications Director of AIA Middle East; and Mr. David Cockerton, Chairman of RICS.

"We take pride in receiving this recognition acknowledging Haram City's success in addressing the increasing demand for affordable housing in Egypt. The most important ingredient to create a sustainable town is ensuring a community is established from the onset of the project's development. This entails providing the first residents with schools, clinics, retails stores, sporting facilities, houses of worship etc... and ultimately paving the way for job creation", commented Omar Elhitamy, OHC Managing Director.

This award is the fourth and most recent acknowledgement for OHC's efforts in developing fully integrated cities. The company has previously been recognized locally, regionally and internationally where it walked off with a number of prestigious awards: the best Community Award by the Affordable Housing Development Summit Middle East held in Manama, Bahrain; the Best Affordable Developer category by the Overseas Property Professional (OPP) in London, UK; and the Best Affordable Housing Project In Egypt by Hassan Fathy Architectural Award.

About Orascom Housing Communities
OHC is the first Egyptian company to focus on the development of high-quality affordable housing units and was established in January 2007, as a partnership between Orascom Development (OD) and US companies Blue Ridge and Equity International. OHC develops and manages sustainable integrated communities, the first of which is their flagship project, Haram City (HC).

Launched in May 2007, Haram City spans approximately 8.4 million square meters of land. The first development of its kind, Haram City is located in 6th of October, and will offer a fully integrated community holding approximately 70,000 housing units upon completion. To date Haram City already houses over 5,000 families, offering diverse amenities including schools, stores, clinics, a commercial area, a cinema, houses of worship, and sporting facilities.

Haram Life is the newest phase of Haram City. Launched in 2011, Haram Life offers residents contemporary housing design.

For more information, please contact:
Engy Emad
Senior Media Relations Executive
Trans-Arabian Creative Communications (TRACCS)
28 Wadi El Nile Street / Floor 1, Suite 2 / Mohandiseen, Cairo, Egypt
Tel: +20.23.304.6860 / +20.23.304.6870
Fax: +20.23.303.1219
Mobile: 0100 900 2207
Email: engy.emad@traccs.net

© Press Release 2012