ArabFinance: Ora Developers has total investments of approximately EGP 10 billion in Egypt, the company’s CEO and Chairman Naguib Sawiris told CNBC Arabia on September 23rd.
He noted that phase I of ZED West Sheikh Zayed project exceeded 80% in sales.
Ora is about to sign a loan agreement with a consortium of banks, Sawiris added, referring to the previously inked EGP 1 billion credit line deal with state-run Banque Misr.
The property developer recently said it would launch a new phase of its ZED East development in New Cairo.
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