Ora Developers signs EGP 1 bn loan with Banque Misr to build ZED Sheikh Zayed with Orascom Construction

Orascom Construction has signed an agreement to build the first phase of ZED Sheikh Zayed with Ora Developers, who secured a EGP 1 bn loan Banque Misr for the project, according to a disclosure to the EGX (pdf). The first phase will see 600 homes completed by 2023. The entire project will consist of six phases containing 4.5k houses in total.