Egypt’s Orientals for Urban Development (OUD) was ranked the fourth among the five top real estate developers with a diversified land portfolio nationwide, Invest-Gate reports.

Among Talaat Moustafa Group (TMG) Holding, Palm Hills Developments, Orascom Development Egypt, and Emaar Misr, OUD holds the highest number of residential and industrial land plots, owning 15 mn square meters and 10 mn square meters, separately, in the North African country, as highlighted in the company’s statement on June 23.

Despite uncertainty around Coronavirus, according to the company’s head of commercial sector Shadi El Zayat, OUD made headway in the summer season with the launch of its latest breakthrough offer on its flagship projects in the New Administrative Capital (NAC), Marsa Alam, and New Cairo, logging sales worth EGP 100 mn in 20 days only.

Zero upfront payments are required from potential clients, with the first installment scheduled after three months, applicable to the company’s North Coast project, or “Oriental Coast,” as well as “Jnoub” in the NAC and New Cairo’s “Azadir,” El Zayat elaborated.

These results reflect the provision of a distinguished product that caters to buyer purchasing power, whether for housing or investment purposes, he concluded, emphasizing on OUD’s extended and flexible payment terms that complement all income levels.