{"id":103001,"date":"2025-04-25T00:00:00","date_gmt":"2025-04-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/egyptian-bnaire-naguib-sawiris-ora-developers-launches-usd-10-bn-project-in-the-uae-eyes-ipo-in-3-4-years\/"},"modified":"2025-04-25T00:00:00","modified_gmt":"2025-04-25T00:00:00","slug":"egyptian-bnaire-naguib-sawiris-ora-developers-launches-usd-10-bn-project-in-the-uae-eyes-ipo-in-3-4-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/04\/25\/egyptian-bnaire-naguib-sawiris-ora-developers-launches-usd-10-bn-project-in-the-uae-eyes-ipo-in-3-4-years\/","title":{"rendered":"Egyptian b\u2019naire Naguib Sawiris\u2019 Ora Developers launches USD 10 bn project in the UAE, eyes IPO in 3-4 years"},"content":{"rendered":"

Egyptian real estate firm <\/strong>Ora Developers<\/a><\/strong> \u2014 led by b\u2019naire Naguib Sawiris as chairman <\/strong>and CEO \u2014 has launched its flagship project in the UAE<\/strong>, a coastal 4.8 mn sqm development between Dubai and Abu Dhabi named Bayn at a launch event yesterday. The project will cost some USD 10 bn to develop, Sawiris told EnterpriseAM UAE. <\/p>\n

What we know:<\/strong> The development stretches over a 1.2km coastline, and will include a marina, business park, sports club, and several other amenities, in addition to a low-density masterplan of townhouses and villas. Bayn is located approximately 35 minutes away from Downtown Dubai and 45 minutes away from Abu Dhabi\u2019s city center.<\/span><\/p>\n

Bayn will be rolled out in phases, with the launch of the second phase expected to come sooner than initially planned due to the strong demand from buyers<\/strong>, Sawiris told us. The launch of the second phase was planned for after the summer. <\/p>\n

REMEMBER- <\/strong>The developer just opened its UAE headquarters<\/a> in Dubai, with plans to triple its workforce by the end of the year. Besides Bayn, the firm is also building a family luxury community<\/a> with US operator Discovery Land Company with a private 18-hole golf course, we reported previously. <\/p>\n

All eyes on Ghantoot for now: <\/strong>The developer will wait until at least 30% of Bayn is complete before launching other projects, Sawiris said, adding that it needs to build a name for itself in the UAE. Sawiris noted that while higher inflation at Ora\u2019s home base in Egypt has hit margins and profitability, the UAE is much less exposed to economic headwinds, and support from leadership has made its expansion to the UAE a very smooth process. <\/p>\n

A UAE IPO is in the cards: <\/strong>Ora Developers is eyeing a listing in three or four years in the UAE, Sawiris confirmed. <\/p>\n","protected":false},"excerpt":{"rendered":"

The developer just opened its UAE headquarters in Dubai, with plans to triple its workforce by the end of the year<\/p>\n","protected":false},"author":1,"featured_media":103002,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[1565],"tags":[7,25,504,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-enterpriseam-uae","tag-investment-watch","tag-ora-developers","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"e59a7ea7-60a7-473b-9fa0-f09ec97ed6cd","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/1625.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian b\u2019naire Naguib Sawiris\u2019 Ora Developers launches USD 10 bn project in the UAE, eyes IPO in 3-4 years","related_issue":[102987],"teaser":"The developer just opened its UAE headquarters in Dubai, with plans to triple its workforce by the end of the year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.446e1a0d-6abb-4c4f-a065-bc7773a329d7.mp3"},"yoast_head":"\nEgyptian b\u2019naire Naguib Sawiris\u2019 Ora Developers launches USD 10 bn project in the UAE, eyes IPO in 3-4 years - UAE<\/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\/uae\/2025\/04\/25\/egyptian-bnaire-naguib-sawiris-ora-developers-launches-usd-10-bn-project-in-the-uae-eyes-ipo-in-3-4-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian 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