Ora Developers has announced the acquisition of a 486-acre land on the North Coast, to officially launch its latest mixed-use development project on Egypt’s sandy beaches, Invest-Gate reports.

Laying across a 1- km seafront, the project is strategically located at 220 km on the Alexandria – Marsa Matrouh Road, neighboring Almaza Bay. Silversands will serve as a go-to beach destination for all vacationers all year long, from those who prefer to spend the whole summer by the beach, to those who look for a quick weekend getaway.

Moreover, an investment of EGP 25 bn will be injected into the beach-side development that will enclose a variety of units, such as villas, twin houses, and chalets. The majority of the units will have a sea view while others will have a panoramic view of lagoons. Besides, all units will be delivered fully finished and equipped with air conditioners.

Additionally, the prestigious architectural firm Wimberly Allison Tong & Goo has been awarded the master-planning and the architectural design of the development. It is worth mentioning that the project is planned to launch its first phase in July 2021 and delivery is expected to start after 30 months.

On his part, Naguib Sawiris, global CEO and chairman of Ora Developers says, “Ora Developers aims to constantly develop sustainable, luxurious, and practical neighborhoods, and we are thrilled to bring Silversands to Egypt and to add to our portfolio an extraordinary North Coast all-year-round destination,” adding that “With this project, we are presenting the beauty of sandy beaches, and the glimmering crystal-clear waters and lagoons without compromising practicality all in one seaside development.”

Haitham Abdel Azim, CEO of Ora Developers Egypt expresses his pride in this milestone by mentioning, “We are all about embracing innovation and seeking new opportunities, and we have a proven record of creating beautiful environments that balance exceptional thinking with an enduringly sleek design,” noting, “through the launch of our latest project in the North Coast, we’re aiming to create a new coastal destination that would attract all kinds of customers with varying lifestyles.”

Abdel Azim adds that “Ora Developers wants to provide a safe, relaxing community where everyone has access to open waters and the vacation environment that they’ve always dreamt of.”