Cairo, 20 October 2010: Orascom Housing Communities (OHC) announced their new affordable housing project, Qena Gardens. The development located 5 km from Qena Governorates' city center, will span across an area of 2.8 million sq m. The project is expected to replicate OHC's flagship project, Haram City, offering a fully integrated township where residents have access to a full range of services, from schools and clinics to shops and entertainment.

Elaborating on OHC's decision to develop in Qena, Omar Elhitamy, Managing Director of the company said "We are constantly looking to address the real underlining need for housing that the market is unable to meet.  The gap between supply and demand in housing is not limited to Cairo, but in fact it is an issue that affects Egyptians all over the country. Through Qena Gardens OHC seeks to go one step further in addressing the housing problem".

Qena Gardens, offers a range of different residential unit sizes with customers being able to choose from apartments with two, three, or four bedrooms that are either fully or semi-finished. All units include a living room, a bathroom and a kitchen in addition to the bedrooms. Ground floor units will have access to the garden and those on the second floor will provide roof access. 

The project which has already received substantial interest from Qena's local community is expected to be developed over a number of phases.  The new project highlights the real interest and demand for affordable housing that is already present in the Egyptian market. Qena Gardens is just the latest in steps that have been taken by OHC to develop the affordable housing market.  For clients' convenience, OHC's call centre (19370) is available from 10am to 10pm, 7 days a week.

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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.

Launched in May 2007, Haram City, OHC's flagship project, spans over 8.4 million square meters of land. The development is located in 6th of October, and will offer a fully integrated community holding approximately 70,000 housing units upon completion.

Launched in July 2010 Qena Gardens is located 5km from city centre, and spans across 2.8 million square meters of land. Phase one of the project will offer over 8,000 housing units located on a land mass of 840,000 sq m. Similar to Haram City, Qena Gardens will provide residents with a full range of services, including recreational and retail services, houses of worship, medical facilities, a school, and workshops. 

For more information, please contact:
Engy Emad
Senior Media Relations Executive
Vantage Communications Egypt
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: 010 900 2207
Email: e.emad@vanatage.com.eg 

© Press Release 2010