Bn’aire Naguib Sawiris’ Ora Developers launched its EGP 35 bn project ZED Park in Sheikh Zayed, the company said in a statement (pdf). The first phase of the project was sold out in a week, CEO Haitham Mohamed said. ZED incorporates 5k apartments in two interconnected towers of 20 floors each and other apartment buildings of 10 floors. Zed Park is expected to open in October.

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