Orascom Development, the multinational integrated developer with integrated towns in Egypt, the GCC and Europe, continues to assert its leading position in West Cairo, as O West’s real estate sales hiked 44.3% YoY recording EGP 5.7 bn in 2022, Invest-Gate reports.

O West continues to accelerate construction, with 444 villas already built and the construction of 1,015 apartments and 236 townhouses currently underway.

However, O West plans to deliver more than 1,000 residential units during 2023.

Further, the construction of 119 units within O Business District has already begun, while construction of O West Sports Club is about to begin to ensure the club opening of the first phase by the second half of 2023.

On a side note, Orascom Development uncovers appointing Tamer Dewidar as CEO of O West, alongside his roles as CEO of Makadi Heights and Byoum, effective immediately.

In his new position, Dewidar will leverage his extensive executive experience and proven success in the real estate sector to lead O West, Makadi Heights and Byoum.

Omar El Hamamsy, Group CEO of Orascom Development, comments: “O West is well positioned to bring a new standard of living to West Cairo. The integrated town will be consistent with Orascom Development’s reputation as a multinational master developer delivering high quality, integrated and vibrant communities in Egypt as well as in Europe and the GCC.”

For his part, Dewidar states: Our talented team is highly focused on bringing new growth opportunities while we prepare for the near-term delivery of O West’s initial phase and continue the construction of other aspects of our master planned community. O West’s success so far has been its ability to offer a variety of residential options to suit the needs of our diverse customer base while integrating vital services and unique experiences to create a thriving town.”

It is worth mentioning that O West promises integrated town living with different neighborhoods featuring a range of accommodations and varied architectural styles. Located in West Cairo on an area of 1,000 acres, equivalent to 4.2 mn sqm with a one-of-a-kind urban design achieving a balance between the space allocated for buildings and green spaces. O West includes 11,000 residential units, as well as an educational area composed of 4 major international schools with 5 international curriculums, including British, American, and German and international systems.