Billionaire Naguib Sawiris’ Firm Launches East Cairo’s First Residential Tower

Ora Developers, established by Egypt’s second-richest man Naguib Sawiris, has launched Club Side Towers, East Cairo’s first residential tower. This strengthens its position as a pioneer in luxury living and sustainable urban development in Egypt.

Ora Developers’ decision to build Club Side Towers comes after completing the initial phase of the ZED project in Sheikh Zayed, highlighting the company’s planned growth in major suburban areas around Cairo.

Club Side Towers and Club Residence Phase 2 are set to reinvent modern living in East Cairo, providing residents with an unprecedented blend of exclusivity and luxury inside the bustling ZED East community. They will be completed within four years.

Haitham Mohamed, CEO of Ora Developers Egypt, emphasized Club Side Towers’ congruence with the company’s dedication to sustainability and integrated community development. “Our expansion into East Cairo with Club Side Towers is a testament to our vision of creating thriving, modern neighborhoods that meet the evolving needs of our discerning clientele,” Mohamed told me.

Club Side Towers is set to become a cornerstone of Ora Developers’ portfolio, alongside other residential projects such as Sage, Mint, Lime, Parsley, and Club Residence Phase 1 in ZED East. This demonstrates the company’s commitment to setting new standards in Egypt’s real estate industry.

Ora Developers, a subsidiary of Orascom Investment Holding, has emerged as a key participant in premium mixed-use developments throughout the Middle East and North Africa (MENA). Naguib Sawiris, who left Vimpelcom to focus on strategic investments in a variety of areas, has been important in driving Ora Developers’ expansion.

With a net worth of $6.8 billion, Sawiris is a prominent business leader not only in Egypt but abroad. According to Bloomberg, he is among the top 500 richest people. Sawiris’ dedication to altering the Egyptian real estate market is shown in Ora Developers’ expansion into East Cairo, which strengthens the firm’s position in luxury residential development.

Club Side Towers represents Ora Developers’ transformational journey. The organization continues to set standards for luxury living and sustainable urban development, offering a future where innovation and elegance coexist in Egypt’s thriving metropolis.

 

 

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