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Ora Developers Egypt has awarded a 2.5-billion-Egyptian-pound ($103 million) construction contract with Orascom Construction to build first phase of the 500-acre Silver Sands integrated residential project on the North Coast.
The developer had announced recently that the project includes, villas, twin houses, townhouses, chalets and condos, a boutique hotel, lagoon clubhouse, health spa, sports facilities, and a retail strip.
Orascom Construction is also the contractor for Ora Developers’ ZED Sheikh Zayed Phase 1.
(1 US Dollar = 24.20 Egyptian Pounds)
(Writing by Marwa Abo Almajd; Editing by Anoop Menon)
