The Orientals for Urban Development (OUD) has revealed its investment plan during 2021, Invest-Gate reports.
The plan aims to pump EGP 1.6 bn into the company projects in the Fifth Settlement, the New Administrative Capital, and Marsa Alam, according to a company press release on March 21.
Furthermore, OUD intends to pump EGP 900 mn in the Janoub project in the New Administrative Capital.
Janoub is in a prime location. The company also pumps about EGP 250 mn in the construction works in the Azadair compound in the Fifth Settlement. Azadir is located on an area of 70,000sqm, with a building rate of 18.5% of the total area, the statement reads.
OUD implements the lowest percentage of buildings in the project to provide more green spaces and services. The project includes more than 1.000 Neem trees, which have many health benefits.
As for Marsa Alam, the Orientals for Urban Development aims to pump EGP400 mn into the construction works in the Oriental Coast project, which extends over an area of 5.5 mn sqm.
The Oriental Coast is located 30 km north of Marsa Alam Airport with a beach of 7.5 km. It includes eight international hotels with a capacity of 3,700 rooms. Other major entertainment projects are being established, including international water parks, a world golf course, and an international marina for yachts.
Furthermore, the Orientals Urban Development Company is launching a distinct package of its real estate projects during the Al-Ahram Real Estate Exhibition, which was scheduled to be held in Mansoura from 18 to 21 March.
OUD offers special offers to customers during the exhibition period, including a 5% discount for trade unions, clubs, and the Chamber of Commerce.