Orascom Hotels and Development (OHD), one of Egypt’s largest land development companies, has announced that it is planning to develop a prime hotel/real estate property, with a unique investment opportunity in the UAE.
Samih Sawiris, Chairman of Orascom Hotels and Development, said: “The UAE has captured international attention for its ambitious and clear-sighted vision in regards to new construction projects, and we are here for the same reason. UAE has also emerged as the financial as well as the construction hub of the Middle East, and Orascom has definite plans of investing in its infrastructure industry, details of which will be revealed next month.”
The company has carved a niche for itself in the region as a pioneer in urban planning and development. Partnering with Katameya Heights, who introduced the concept of luxury compound-living in Cairo, together they plan to make a significant impact on the industry in the UAE.
Adding to this Sawiris said, “The upcoming project in the UAE provides a wonderful investment opportunity, backed by a huge demand and considering the boom in the construction industry this is a right time for us to invest in UAE.”
