Oriental for Urban Development (OUD) invests more than EGP 500 mn in its residential project Heliopolis Hills in Obour City, Invest-Gate reports.

OUD launched the Heliopolis Hills project during Egypt’s Cityscape real estate exhibition, held last March. “The project spans over an area of 76,566 square meters in the 6th district in Obour City,” Ahmed Mostafa Zalouk, OUD Sales Manager, tells Invest-Gate. He adds that the delivery of residential units will start in 2020.

OUD, a joint-stock company, was established in 1994 to capitalize on the real estate boom in Egypt.