Home » Egyptian billionaire Naguib Sawiris’ firm unveils East Cairo’s first residential tower

Egyptian billionaire Naguib Sawiris’ firm unveils East Cairo’s first residential tower

Egypt's second-richest man Naguib Sawiris' company sets new standards in residential real estate.

by Feyisayo Ajayi
Naguib Sawiris

Key points:

  • Ora Developers expands into East Cairo with Club Side Towers, reinforcing its position in key suburban markets around Cairo.
  • Club Side Towers promises unparalleled exclusivity and luxury, set to redefine modern living in East Cairo’s vibrant ZED East community
  • Naguib Sawiris drives Ora Developers’ growth in MENA, leveraging a $6.8 billion net worth to reshape Egypt’s real estate sector with sustainable urban developments.

Ora Developers, a prominent real estate operator founded by Egypt’s second-richest man Naguib Sawiris, is advancing its footprint in the North African country with the unveiling of Club Side Towers, East Cairo’s first residential tower. This reinforces its status as a trailblazer in luxury living and sustainable urban development across Egypt.

The decision to launch Club Side Towers follows Ora Developers’ recent completion of the initial phase of the ZED project in Sheikh Zayed, underscoring its strategic growth in key suburban markets around Cairo.

Scheduled for completion within four years, Club Side Towers and Club Residence Phase 2 are poised to redefine modern living in East Cairo, offering residents an unparalleled blend of exclusivity and luxury within the vibrant ZED East community.

Ora Developers pushes East Cairo expansion with Club Side Towers

Haitham Mohamed, Chief Executive Officer (CEO) of Ora Developers Egypt, underscored the alignment of Club Side Towers with the company’s commitment to sustainability and integrated community development. “Our expansion into East Cairo with Club Side Towers is a testament to our vision of creating thriving, modern neighborhoods that meet the evolving needs of our discerning clientele,” Mohamed stated.

Club Side Towers is poised to become a cornerstone of Ora Developers’ portfolio, joining existing residential projects like Sage, Mint, Lime, Parsley, and Club Residence Phase 1 within ZED East. This reinforces the company’s dedication to setting new benchmarks in Egypt’s real estate sector.

Ora Developers leads luxury development charge in MENA

Ora Developers, a subsidiary of Orascom Investment Holding, has emerged as a prominent player in luxury mixed-use projects across the Middle East and North Africa (MENA) region. Naguib Sawiris, who divested from Vimpelcom to focus on strategic investments across various sectors, has been instrumental in propelling Ora Developers’ growth. 

Sawiris, with a net worth of $6.8 billion, remains a leading business figure not only in Egypt but globally. According to Bloomberg, he ranks among the top 500 wealthiest individuals. Ora Developers’ expansion into East Cairo underscores Sawiris’ commitment to reshaping the Egyptian real estate market, solidifying the firm’s position in luxury residential development.

Club Side Towers marks a transformative journey for Ora Developers. The company continues to set benchmarks for luxury living and sustainable urban development, promising a future where innovation meets elegance in Egypt’s thriving capital.

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