Latest news with #OraDevelopers
Daily News Egypt
18-05-2025
- Business
- Daily News Egypt
The Real Estate Expo debuts with exclusive offers, long-term payment plans, and unmatched investment opportunities
Tarek Nour Events, a leading exhibitions and events organizer, has officially launched the inaugural edition of The Real Estate Expo, taking place from May 15–18, 2025, at the Egypt International Exhibition Center (EIEC). The event brings together Egypt's top real estate developers, including Palm Hills Developments, Ora Developers, Hassan Allam Properties, Tatweer Misr, Hyde Park Developments, Al-Ahly Sabbour, Wadi Degla Developments, Better House, Injaz Developments, PRE Developments, Ro'ya Developments, Inertia Egypt, and People & Places. Throughout the expo, participating developers are unveiling new project phases and offering exclusive deals featuring unprecedented discounts, cashback incentives, and extended payment plans—some reaching up to 12 years. Select offers include zero down payments and discounts of up to 50% for full cash transactions. As Egypt's largest real estate investment exhibition, The Real Estate Expo supports the country's broader national vision to boost the real estate sector's contribution to GDP and create new employment opportunities. The event aims to serve as a strategic platform to attract both local and international investment across residential, commercial, and tourism-related projects. 'The Real Estate Expo is more than a sales event—it's a comprehensive platform that simplifies the home-buying and investment process,' said Mostafa Ismail, Managing Partner at Tarek Nour Events. 'By gathering Egypt's top developers under one roof, we empower buyers to compare offerings, access tailored payment solutions, and make informed decisions confidently. Beyond that, the expo facilitates dialogue between investors, developers, and policymakers, helping drive sustainable growth across the sector.' Additional exhibitors include Al Dawlia Developments, Living Yards Developments, The Ark Development, Najma Walk, Reedy Group, NTG Development, Iwan Developments, M Squared, Frontline Development Group, and leading real estate brokerage Y the Brokers. Formerly known as the Arab African Promotional & International Conferences Group (AAPIC), Tarek Nour Events was established in 1983. With a strong track record across the Middle East and Africa, the company specializes in exhibitions, conferences, and event management. Its expert team combines creative innovation with strategic execution to deliver high-impact experiences across industries.
Zawya
06-05-2025
- Business
- Zawya
Egypt's Ora Developers breaks ground for Ali-Wardi project in Iraq
Iraq on Tuesday broke ground on a project to build a new city near the capital Baghdad after it was awarded to an Egyptian developer. Al-Wardi city comprises 100,000 houses and will be constructed by Ora Developers, owned by Egyptian tycoon Naguib Sawiris, the official Iraqi news agency reported. Construction and Housing Minister Benkin Rikani laid the foundation stone for the project, which has an area of nearly 60 square kilometres. 'This is one of the largest housing projects in Iraq…it also includes schools, universities, hospitals, shops and recreation facilities,' Rikani said. Iraq has awarded several contracts to foreign firms over the past two years for the construction of new cities within a post-war programme to tackle a housing crisis. Last month, Zawya Projects reported that Egypt-listed TMG in talks with the Iraqi government to build 45,000 houses in the country. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Khaleej Times
26-02-2025
- Business
- Khaleej Times
UAE: Egyptian billionaire dismisses Trump's proposal to displace 1.5 million Palestinians
Egyptian billionaire Naguib Sawiris has dismissed US President Donald Trump's proposal to permanently displace over a million Palestinians from Gaza. 'Trump says Egypt should take 1.5 million Palestinians. Problems don't get solved this way,' said Sawiris, chairman and CEO of Ora Developers, during a panel discussion in Abu Dhabi on Wednesday. Addressing the panel discussion during Investopia 2025 in Abu Dhabi, Sawiris said most of the around 50,000 killed in the Israel-Hamas war were innocent Palestinians and not the 'bad guys'. 'We watched October 7, which was unacceptable, then in reaction around 50,000 people—mostly innocent—were killed. They were not bad guys. It is unacceptable. This is something which is not helping us in the situation, especially when power is more on the aggressive side, and supported blindly,' Sawiris said. Israel and Hamas have reached a delicate ceasefire and have been exchanging hostages and detainees since. Sawiris—who is among the wealthiest Arabs—said dictators are in 'fashion globally these days'. He said just a 'handful number of leaders' are deciding the fate of the world. He added, 'There are five to six people… deciding the fate of the world. Each of them has nukes and when heat goes up, they are a great threat.' He said the tension in the Middle East between Israel and Hamas is not helping.
Egypt Independent
24-02-2025
- Business
- Egypt Independent
Naguib Sawiris discusses politics, investments and his meeting with North Korea's leader
Egyptian businessman Naguib Sawiris revealed the details of his meeting with North Korean President Kim Jong Un, which he called 'historic' as North Korea is a fully communist country which makes it difficult for the private sector to operate there. The economy is the real political power of countries, the Egyptian billionaire said, a point he also brought up during his conversation with the North Korean leader. During an interview with TV host Lamis al-Hadidi on the'Last Word' (Kalema Akhera) TV show on Sunday, Sawiris explained that half of his investments are directed to gold mining companies, while the real estate sector represents a third of his investments, expecting them to increase in the coming period. He also spoke of political matters, including recent tensions in the region. 'Israel does not wish good for Egypt, nor does the US. No one wants good for Egypt except the Egyptians themselves,' he noted. He added that Algeria was an important source of financial flow for his company, but after his losses there he decided to exit the telecommunications sector and instead move to the real estate sector and invest in gold. The real estate sector represents a third of his investments, he said, and is expected to continue growing. He also explained that he owns nine gold mines, five of which are in Egypt, and said that he has not suffered any losses since he began investing in gold in 2015. Sawiris revealed that his company, Ora Developers, originally incurred losses in its first three years due to the sudden rise in the US dollar price and abnormal inflation, but he expected to achieve its first gains in the market this year. He explained that despite the 12 percent increase in Ora sales, it incurred losses of 18 percent due to inflation, adding that 'inflation is eliminating growth in real estate sales.' Egypt is now the most important market for Ora projects, the billionaire noted, expecting Ora's sales profits abroad to double within two years to reach two billion dollars. He noted that Arab sales in Ora projects range between 10-15 percent, calling for facilitating the payment of real estate payments by Egyptians and Arabs in dollars to encourage the inflow of foreign currency.
Zawya
10-02-2025
- Business
- Zawya
Iraq awards 5 new city projects
Iraq has awarded five projects to construct new cities in various parts of the country and is planning to offer six other similar projects, an official has said. The five awarded contracts include the 120,000-house Ali Al-Wardi City near Baghdad, which has been awarded to Ora Developers, owned by Egyptian tycoon Naguib Sawiris. 'This is the largest new city in Iraq….its designs have been completed and the project will be launched shortly after it was approved by the cabinet,' said Nabil Al-Saffar, a spokesman for the Construction and Housing Ministry. 'We have plans to offer six new such projects on an investment basis…these cities are part of a strategy by the Ministry to tackle the housing crisis in Iraq,' he told the official Iraqi News Agency (INA) on Sunday. Writing by Nadim Kawach; Editing by Anoop Menon) (
