Real Estate + Housing

Oriental Urban Development to invest EPG 4 bn in 2017-18, mulls 2018 IPO

by enterpriseam adminEgypt Edition2 May 2017

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Oriental Weavers Group subsidiary Oriental Urban Development is planning on investing EGP 4 bn in Egypt during 2017-18 to develop a mix of touristic and residential projects on some 5 mn sqm of company-owned land, according to owner and founder Mohammed Farid Khamis, Al Borsa reports.

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