Ora Developers, a leading real estate development company in the Middle East, is optimistic that their latest project, the Zed Towers, will significantly contribute to Egypt's economic growth. Located in the heart of Sheikh Zayed City, just 10 minutes from Cairo, the Zed Towers is a mixed-use development that includes four towers with residential and commercial units, hotels, and a shopping mall.
According to Naguib Sawiris, founder and CEO of Ora Developers, the Zed Towers is a symbol of the company's commitment to Egypt's development. "We have a long-term vision for Egypt's real estate sector, and we believe the Zed Towers is a testament to our commitment to the country's growth and prosperity," Sawiris said.
The four towers will comprise of 1,048 residential units that include studios, one, two, and three-bedroom apartments. Zed Towers also boasts of recreational facilities for residents such as a gym, swimming pools, kids' club, private gardens, and more. There will also be a commercial area within the development that will host offices, restaurants, and cafes. Furthermore, the Zed Towers will feature two hotels with 339 rooms in total, catering to the growing demand for luxury accommodation in the area.
The Zed Towers project, which is estimated to cost around $1 billion, is expected to create over 10,000 jobs for the local community during construction and operation. The project is also expected to provide a boost to the local economy, as the development will attract foreign investment and boost commercial activity in the area.
"We are confident that our investment in the Zed Towers will generate significant economic benefits for Egypt in terms of job creation, increased revenue, and attracting foreign investment," Sawiris said.
The Zed Towers has already generated a lot of interest from investors and potential residents, with more than 60% of the residential units already sold out. The project is set to be completed in 2023 and is seen as an important development in Egypt's real estate sector.
In conclusion, the Zed Towers project by Ora Developers is a significant investment in Egypt's real estate sector, expected to contribute to the country's economic growth by creating jobs, attracting foreign investment, and boosting commercial activity in the area. With its prime location and state-of-the-art facilities, the Zed Towers is set to revolutionize living and working in Sheikh Zayed City.