{"id":611480,"date":"2023-12-07T00:00:00","date_gmt":"2023-12-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/07\/sawiris-announces-flurry-of-new-investments\/"},"modified":"2023-12-07T00:00:00","modified_gmt":"2023-12-07T00:00:00","slug":"sawiris-announces-flurry-of-new-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/07\/sawiris-announces-flurry-of-new-investments\/","title":{"rendered":"Sawiris announces flurry of new investments"},"content":{"rendered":"

A lot in the pipeline for Ora Developers: <\/strong>Sawiris-owned Ora Developers has acquired 175 feddans in New Cairo and 128 feddans in the North Coast, where it will set up new real estate projects, which it will start selling off next year, Naguib Sawiris said during a presser<\/a> yesterday.<\/p>\n

Even more: <\/strong>The real estate developer also has plans to set up three new hotels \u2013 two in the North Coast and one near the Pyramids. The Pyramids hotel is pending the necessary approvals and we should hear more about the partners Ora Developers is working with for the project in the near future, he said, without providing details. <\/p>\n

Across the Red Sea:<\/strong> Sawiris is preparing to set up a USD 15 bn mega real estate project in the UAE over the coming 10-15 years. <\/p>\n

ALSO FROM SAWIRIS-<\/strong><\/p>\n

Naguib\u2019s lost interest in a digital banking license: <\/strong>Sawiris will not be applying for a digital banking license as central bank regulations were not in line with his investment goals, Al Arabiya reported<\/a>.<\/p>\n

ICYMI: <\/strong>It has long been Naguib\u2019s dream to open a bank in Egypt \u2014 though not necessarily a digital one. As far back as 2017, he was quoted<\/a> saying that, \u201cif the governor of the Central Bank of Egypt gives me a license for a bank, I\u2019ll open it tomorrow.\u201d<\/p>\n

Sawiris-backed <\/strong>Akh Gold starts digging in Wadi Dubur:<\/strong>Altus Strategies subsidiary Akh Gold has begun exploring for gold in Wadi Dubur<\/a>, under the exploration licenses<\/a> the company secured in 2021, Sawiris said in a post on X (formerly Twitter)<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Ora Developers has three new hotels in the pipeline<\/p>\n","protected":false},"author":1,"featured_media":611481,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[1945,72,125,2065,599],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-611480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-akh-gold","tag-enterpriseam","tag-investment-watch","tag-naguib-sawiris","tag-ora-developers","wpautop","entry"],"acf":{"mongo_id":"8516b283-823f-42a9-81fc-0eb10db24f36","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/491.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Naguib Sawiris announces new real estate projects in Egypt and UAE","related_issue":[611473],"teaser":"Ora Developers has three new hotels in the pipeline","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.d2646e00-5d42-4688-9c4b-ddc1a8e9941a.mp3"},"yoast_head":"\nSawiris announces flurry of new investments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/07\/sawiris-announces-flurry-of-new-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sawiris announces flurry of new investments\" \/>\n<meta property=\"og:description\" content=\"Ora Developers has three new hotels in the pipeline\" \/>\n<meta property=\"og:url\" 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\"EnterpriseAM\"","block_context":{"text":"EnterpriseAM","link":"https:\/\/enterpriseam.com\/egypt\/tag\/enterpriseam\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/882.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574137,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/31\/naguib-sawiris-owned-ora-looks-to-debt-market-to-finance-projects\/","url_meta":{"origin":611480,"position":2},"title":"Naguib Sawiris-owned Ora looks to debt market to finance projects","author":"enterpriseam admin","date":"31 August 2020","format":false,"excerpt":"DEBT WATCH- Naguib Sawiris\u2019 Ora Developers is looking to issue bonds and take out more loans to finance its real estate projects, the b\u2019naire told Hapi Journal, without specifying how much the company wants to raise or the type of debt securities it will use. 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The company is waiting for the go-ahead from the Housing Ministry and the local authorities, which met last week to discuss development plans for the area. The\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594136,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/sawiris-ora-in-talks-with-qatari-diar-for-51-stake-in-egypts-citygate\/","url_meta":{"origin":611480,"position":5},"title":"Sawiris\u2019 Ora in talks with Qatari Diar for 51% stake in Egypt\u2019s CityGate","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"M&A WATCH- Ora Developers in talks with Qatari Diar for 51% stake in CityGate: Naguib Sawiris\u2019 Ora Developers is in \u201cadvanced talks\u201d to acquire a 51% stake in the Qatari Diar-owned company developing the CityGate project in New Cairo for USD 800 mn, unnamed sources said, according to Al Shorouk.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2747.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=611480"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611480\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/611473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/611481"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=611480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=611480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=611480"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=611480"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=611480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}