Orascom Development Holding (ODH) will break ground on a residential project in Gouna in 2H2017, set to be completed by year-end, investor relations director Sara El Gawahergy tells Al Mal. The company is targeting USD 25 mn in sales from the project. Also in the pipeline is an EGP 60.5 mn real estate project in Fayoum that the company will invest in in 2Q2017. ODH will also complete the second phase of workspace facility G Space in Gouna by the end of the year, she added.

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