Oriental Development wins bid for 21.5 feddans of land in New Cairo

The Oriental Company for Urban Development bought 21.5 feddans in New Cairo for EGP 400 mn,according to AMAY. The Oriental Weavers subsidiary is waiting for the New Urban Communities Authority (NUCA) and General Investment Authority to sign off on the purchase before making payments. The company is planning a residential project to be built over the next five years.