July 18, 2024

Orascom Development embarks deliveries of residential units in O West

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Orascom Development begins handover of first phase of homes in O West

O West, one of the integrated towns of Orascom Development in West Cairo has announced the start of its first deliveries of residential units in Whyt and Tulwa phases this month. Plans for 2023 are on track for the town to deliver more than 350 villas in the Whyt, which vary between standalone villas, twin houses, and townhouses, with areas spanning between 195 square meters to 610 square meters. As for the Tulwa, about 1,650 fully finished apartments will be delivered this year, ranging from 100 square meters to 455 square meters.

This announcement came during a press conference celebrating the deliveries and following up on the latest construction progress in O West.  The conference was attended by Eng. Samih Sawiris, founder of Orascom Development Holding, Eng. Omar El Hamamsy, Group CEO of Orascom Development Holding, Engineer Mohamed Mostafa Head of the Hadayek October City Authority and Mr. Tamer Dawidar, CEO of O West, Makadi Heights and Byoum, in addition to a number of media representatives and government officials.

Eng. Samih Sawiris, the founder of Orascom Development, praised the efforts of all employees at Orascom Development and thanked them for their commitment improving and moving forward with the company’s performance despite the current global challenges. He stated, “O West is the first Orascom Development town in Cairo, characterized by integration between all project elements and supported by global expertise spanning more than 33 years.”

Sawiris expressed his happiness for starting the delivery of the initial phases of the residential units in O West, as well as the commitment to providing customers with a high-quality lifestyle and services of international standards, based on the company’s unique business model.

Omar El Hamamsy, Group CEO of Orascom Development Holding

Omar El Hamamsy, Group CEO of Orascom Development Holding, stated, “At Orascom Development, we deliver more than just results; we’re building a bridge of trust with our customers by creating vibrant integrated towns. We continually strive to raise the bar by adhering to high standards while following through on our commitments to deliver projects on schedule as a global developer of integrated towns in Europe, Middle East and Africa. “

Engineer Mohamed Mostafa, Head of the Hadayek October City Authority took pride in highlighting the impressive accomplishments and success made by this project – not just with its construction but also for cultivating an inclusive lifestyle that provides top-notch quality to all communities. Additionally, he noted their collaboration efforts with premier real estate developers like Orascom Development as a strong demonstration of commitment towards achieving excellence.

Tamer Dewidar, CEO of O West, Makadi Heights and Byoum

Tamer Dewidar, CEO of O West, Makadi Heights and Byoum, commented, “We are delighted by the level of progress and success that O West has achieved to date, reaching more than EGP 17 billion in real estate sales since project launch till end of 2022.”

He highlighted the town’s commitment to accelerating construction for timely delivery of units,  affirming today’s delivery as evidence with 1,000 units on track to be delivered this year alone. Dewidar added, “Our customers’ confidence in O West is evident from the higher-than-expected demand for residential units, reinforcing our commitment to delivering quality homes ahead of schedule.”

It is worth mentioning that O West continues to lead the real estate market at West Cairo with an impressive 5.7 billion Egyptian pounds in sales in 2022, a 44.3% increase from 2021, and a total of 17 billion 340 million EGP real estate sales achieved since project launch until the end of 2022.

Source

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