Orascom Development Egypt on Thursday announced that the construction of its EGP 3.3 billion ‘O West’ project will start in October.
The delivery of the project’s units is set to begin in four years following the start of the construction, according to a company statement.
Orascom revealed that both the first and second phases of the project were sold completely, while the third phase is scheduled to be launched in September.
In March, the Egypt-based developer launched its first flagship project in 6th of October city, ‘O West’, which includes 950 residential units.
Orascom posted a 113% year-on-year profit hike during the first half of 2019, recording EGP 393.7 million.