EGYPT

Contractor Appointed For ZED Sheikh Zayed Mega Project

 

Orascom Construction, a contractor, has been appointed by Ora Developers to build Phase-I of the ZED Sheikh Zayed mega project in Egypt. Work on making the master plan and architectural design of the project has been completed by WATG International.

As per the terms of the contract, Orascom Construction is required to build approximately 600 housing units in this phase, along with a three-storey garage, a two-level mall, and four 17 storey apartment towers.

The initial phase will be financed by Banque Misr, following a loan agreement worth approximately US$ 63 million signed with Ora Developers. ZED Sheikh Zayed mega project will be built in six phases and upon completion, it will feature over 4,500 residential units and an administrative commercial complex.