Naguib Sawiris’ Gemini Global Development, which has been relaunched and rebranded as Ora Developers, plans to develop USD 2 bn of real estate across the Middle East over the next five years, CEO Haitham Mohamed tells the National. The rebranded vehicle is meant to consolidate the shares and investments of several companies owned by Sawiris under one brand, according to Arabian Business. “Ora Developers’ planned USD 2 bn of projects in the Middle East are likely to include a mix of holiday resorts, residences, villas and marinas built in locations of ‘natural beauty,’” the company said, without offering further details.

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