{"id":630098,"date":"2018-04-11T04:22:23","date_gmt":"2018-04-11T04:22:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/11\/ode-announces-its-first-housing-project-in-cairo\/"},"modified":"2018-04-11T04:22:23","modified_gmt":"2018-04-11T04:22:23","slug":"ode-announces-its-first-housing-project-in-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/11\/ode-announces-its-first-housing-project-in-cairo\/","title":{"rendered":"ODE announces its first housing project in Cairo"},"content":{"rendered":"<p>Orascom Development Egypt (ODE) is developing a 1,000-feddan land plot in West Cairo for its first housing project in the capital, <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/04\/ODE-Press-Release-10-4-2018-_EN.pdf\">the company announced<\/a>. The project will be developed in partnership with the New Urban Communities Authority (NUCA) on a revenue sharing basis. ODE will set up a company named Orascom Real Estate of which it will own 70%, with the remainder of the issue capital owned by Samih Sawiris. This comes as part of the provisions of the settlement agreement concluded between Orascom Housing Communities and NUCA. ODE says all agreements related to the partnership with NUCA should be finalized within a month as part of the settlement agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orascom Development Egypt (ODE) is developing a 1,000-feddan land plot in West Cairo for its first housing project in the capital, the company announced. The project will be developed in partnership with the New Urban Communities Authority (NUCA) on a revenue sharing basis. ODE will set up a company named Orascom Real Estate of which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630098","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"4c7e07bc-a21e-4453-9260-a0a80b1a6b33","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"ODE announces its first housing project in Cairo","related_issue":[630066],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.cc4adc3d-4658-4080-a84b-1f47f08d217a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ODE announces its first housing project in Cairo - 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\/2018\/04\/11\/ode-announces-its-first-housing-project-in-cairo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ODE announces its first housing project in Cairo\" \/>\n<meta property=\"og:description\" content=\"Orascom Development Egypt (ODE) is developing a 1,000-feddan land plot in West Cairo for its first housing project in the capital, the company announced. 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The project is based on a revenue sharing model, through which NUCA is to retain 26% of the\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","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":627673,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/ode-signs-with-nuca-to-build-gouna-style-town-in-six-october-city\/","url_meta":{"origin":630098,"position":1},"title":"ODE signs with NUCA to build Gouna-style town in Six October City","author":"enterpriseam admin","date":"7 June 2018","format":false,"excerpt":"Orascom Development Egypt (ODE) has signed an MoU with the New Urban Communities Authority (NUCA) to build a Gouna-style town in 6 October City, CEO Khaled Bishara said yesterday, without disclosing further details about the cost or timeline for the project, according to Al Masry Al Youm. The new development\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","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":627345,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/30\/nuca-and-ohc-reach-settlement-over-ashgar-city-dispute\/","url_meta":{"origin":630098,"position":2},"title":"NUCA and OHC reach settlement over Ashgar City dispute","author":"enterpriseam admin","date":"30 July 2018","format":false,"excerpt":"NUCA, OHC resolve another outstanding real estate dispute: The New and Urban Communities Authority (NUCA) reportedly reached an agreement with Orascom Housing Communities (OHC) to settle their dispute over 350 feddans belonging to the Ashgar City project in 6 October, company sources tells Al Shorouk. OHC will be allowed to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601557,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/ode-sales-in-o-west-project\/","url_meta":{"origin":630098,"position":3},"title":"ODE sales in O West project","author":"enterpriseam admin","date":"4 March 2019","format":false,"excerpt":"Orascom Development Egypt (ODE) began sales in its EGP 3.3 bn \u201cO West\u201d development, its first home project located west of Cairo, the company said in a bourse filing (pdf).","rel":"","context":"In &quot;Real Estate + Housing&quot;","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":637015,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/","url_meta":{"origin":630098,"position":4},"title":"NUCA rejects settlement offer from OHC on Haram City project","author":"enterpriseam admin","date":"6 November 2017","format":false,"excerpt":"The New Urban Communities Authority (NUCA) reportedly rejected Orascom Housing Communities (OHC)\u2019s settlement offer to buy the remaining 1380 feddans in the disputed Haram City housing project for EGP 35 per sqm, government sources tell Al Shorouk. The source added that NUCA is pushing for the land to be bought\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","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":622618,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/sawiris-in-talks-with-nuca-to-partner-on-residential-project\/","url_meta":{"origin":630098,"position":5},"title":"Sawiris in talks with NUCA to partner on residential project","author":"enterpriseam admin","date":"8 October 2018","format":false,"excerpt":"Orascom Investment Holding\u2019s (OIH) Naguib Sawiris is reportedly hoping to enter into a partnership agreement with the New and Urban Communities Authority (NUCA) to jointly develop land for a residential project in the Sheikh Zayed City extension, sources told Al Shorouk. 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