Development plans to deliver Phase 1 of O West, its fully integrated township project, located in 6th of October City, West Cairo, by the third quarter of 2023, a top company official said.
O West's CEO Tarek Kamel told Zawya that the first phase of the 1,000-acre development would be delivered by September 2023.
"Phase 1 entails the delivery of 445 villas, currently under construction, and 69 residential buildings, which we expect to begin construction before the end of 2021," he said.
Tarek Kamel, CEO, O West, a project being developed by Orascom Development
The project will eventually house more than 10,000 residential units.
“September 2021 will see the opening of O West’s first school, and four additional schools will be fully operational by September 2022,” he said.
Kamel said the company is negotiations with three consortiums to operate the 50-acre O West sports club.
He didn't share any detail about project-related investments or costs but said O West is comparable to the company's largest operating asset El Gouna.
(Reporting by Marwa Abo Almajd; Editing by Anoop Menon)
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