Naguib Sawiris Real Estate Projects

Learn about the Naguib Sawiris real estate projects, one of the most important businessmen in Egypt. Who developed a group of lands by transforming each project into an integrated world. Made to provide an amazing lifestyle and style. Based on the foundations of international standards in implementing all project details. and he was keen to choose the most important strategic locations in Egypt. To build his largest residential projects that caused a stir in the real estate field.

About Businessman Naguib Sawiris Real Estate Projects

Before talking about Naguib Sawiris’ real estate projects, we want to give you a brief overview of the life of this man who is considered one of the most important and successful investment minds in Egypt and the world.

• Birth and upbringing: Naguib Sawiris was born on June 27, 1955, in Sohag Governorate, Tahta Center, Upper Egypt. He is the son of businessman Onsi Sawiris, and his mother is Mrs. Yousrya Loza.
• Family: Brother of both Samih Sawiris, who was born in 1956 and studied Mechanical Engineering at the Technical University of Berlin. Nassef Sawiris, the younger brother, was born in 1960 attended the University of Chicago, and majored in Economics.
• Academic qualifications: Bachelor of Mechanical Engineering and Master of Science in Technical Management Sciences from the Federal Institute of Technology in Switzerland.
• Professional experience: Naguib Sawiris is considered the “Sawiris” joker who does not know peace. He worked in the field of communications and from there, he launched a multi-faceted political and economic empire inside and outside Egypt.
• Most important positions: Chairman of the Board of Directors of the following companies: Orascom Telecom, Orascom Technology, Weather Investments, Wind Telecom, Mobinil, and Nile Sugar Company.

The Sawiris Family’s Investment Journey

According to Forbes’ ranking of the wealth of the richest families in Africa for the year 2022. The Egyptian Sawiris family came in first place as the richest people in Africa. With a total net worth of $12.9 billion. But the question that puzzles many people is how this empire began and who are the pillars of this family. That is the most famous not only in Egypt but in the whole world. The answer is summarized in the following points:

• The story began with the founder of this huge empire. The businessman Onsi Sawiris was born in Sohag in 1930, to a father who worked in the legal profession. He has a daughter and 3 sons, Onsi is the youngest of them.
• Onsi Sawiris joined the Faculty of Agriculture, based on his father’s wish. To take care of 50 acres that his father was able to buy with his savings.
• Onsi Sawiris graduated from the Faculty of Agriculture, Cairo University in 1950. He tried to adapt to rural life for two years, but he could not continue.
• The year 1952 came, which was considered a turning point in the life of businessman Onsi Sawiris. He decided to change his career and enter the world of contracting.
• He entered into a partnership with the contractor “Lamai Yaqoob” under the name “Lamai and Onsi Contracting”. The first operation the company won was the drilling of 18 artesian wells in Upper Egypt.
• The company was able to spread and succeed until it was nationalized in 1961. Then Onsi moved to the most important stage in his career. Which was in the mid-sixties when he moved to Libya. He worked there in the field of contracting for 12 years.
• Coinciding with the period of economic openness during the era of President Mohamed Anwar Sadat. Onsi Sawiris returned to Egypt in 1977 and began thinking about how to establish joint-stock companies.
• During that period, he founded Orascom General Contracting and Trading Company, which expanded its business to become Orascom Construction Industries.
• During the eighties and nineties, the company’s activities expanded to include tourism, hotels, computer services, and mobile phone services. Its business grew and it became one of the largest Egyptian investment groups.
• Onsi Sawiris’ wealth until the day of his death amounted to about 996.3 million US dollars, according to Forbes data.
• As for the sons, apart from Naguib Sawiris, who is the eldest son. We find Samih Sawiris, the middle son, who studied mechanical engineering at the Technical University of Berlin.
• Samih Sawiris’ fortune is estimated at $850 million. He works mainly in the tourism, hotel, resort construction, and travel sectors. He is the owner of El Gouna and has several partnerships outside Egypt.
• The younger brother is Nassef Sawiris, whose fortune is estimated at $9.2 billion. He owns a 6% stake in Adidas, the sportswear company.
• Nassef Sawiris also acquired a 5% stake in New York-listed Madison Square Garden Sports, which owns the NBA Knicks and NHL Rangers.
• Nassef is the director of OCI, in which he has a 33% stake. OCI is one of the world’s largest producers of nitrogen fertilizers, with plants in Texas and Iowa.
• Nassef also has diverse investments including shares in cement giant Lafarge Holcim and Orascom Construction.

Why did Naguib Sawiris Turn to Real Estate?

At the beginning of his investment career, Engineer Naguib Sawiris excelled in the field of communications. He has many important milestones in this specialty. Whether at the level of owning communications companies, internet services, or a satellite channel. Even in the political field, he had his fingerprints, including the establishment of the Free Egyptians Party.

Until he recently decided to enter the real estate sector strongly. By establishing Ora Company, which presented many of Naguib Sawiris’ real estate projects. Which is one of the most prominent real estate development companies during the current period. It has many investments, including inside Egypt with amounts exceeding 80 billion pounds. As well as projects outside Egypt in several Arab and foreign countries.

Ora Developments Company owned by Naguib Sawiris

It is one of the newly established real estate development companies. Specifically in 2016 under the name Gemini International Development. Then transformed into its new entity Ora in 2018. To become the first company of its kind that has been a pioneer in providing projects that provide the experience of living next to the park. Enhancing this with a vision centered around harnessing the beauty of Egyptian nature with management capable of achieving the development process in all its stages. Starting from the planning stage to implementation.

Ora Developments owns a huge land portfolio inside Egypt. Amounting to about 1,582 acres. It is spread across East and West Cairo and in tourist areas. In addition to its investments in many foreign markets such as Greece, Cyprus, Grenada, Pakistan, and recently the Emirates and Iraq. These projects are characterized by a balance between exceptional modern thinking and global designs.

Naguib Sawiris Real Estate Projects 

There are 4 main projects with huge investments, and it also plans to introduce new projects in the Fifth Settlement and the North Coast during 2024. Ora Developments Company’s projects have achieved resounding successes that exceeded expectations. Due to the innovative thinking based on which these projects were presented. Whether in terms of designs, services, or high-luxury living standards. As well as prices and very easy payment systems for up to the longest number of years.

The most important of these projects are the following:

1-   Zed Towers El Sheikh Zayed

Zed Towers El Sheikh Zayed is one of the most famous and successful projects of Naguib Sawiris Real Estate. It is a group of residential towers with multiple heights overlooking Zayed Central Park. Which includes all the high-end services. Most notably jogging tracks, restaurants, cafes, a world-class amusement park, sports fields, and swimming pools. The towers are equipped with the latest smart housing facilities and integrated services. The project extends over an area of 165 acres. In the heart of Sheikh Zayed City and minutes away from Hyper One. It offers studios and apartments of various sizes at very special prices and easy payment systems for up to 8 and a half years.

2-   Zed East New Cairo Compound

Zed East New Cairo Compound is considered one of the most important projects of Naguib Sawiris Real Estate in East Cairo. Ora Developments Company chose the best location in the heart of the city. Near the main 90th Street, 5 km from Badr City, and 14 km from Madinaty. It is also distinguished by its proximity to the American University. The compound extends over an area of 400 acres and includes a variety of apartments, chalets, and villas. Surrounded by all services, most notably security services, sports fields, green spaces, a 7-star hotel, a clubhouse, swimming pools, educational services, a commercial area, garages, periodic maintenance, and medical services.

3-   Pyramids Hills October Compound

Pyramids Hills October Compound is located in the heart of the city. Specifically, 5 minutes away from Dandy Mall and Carrefour, and one minute away from the Ring Road. It extends over an area of 23 acres and includes a variety of apartments and villas in different areas. To suit all the needs of the owners, around it is all services. Most notably, green spaces, swimming pools, electric generators, special areas for children, the largest walkway, a shopping mall, health centers, restaurants and cafes, security and guarding around the clock.

4-   Solana New Zayed Compound

Solana New Zayed Compound is the latest project of Naguib Sawiris Real Estate in West Cairo. Specifically in New Zayed, near the most important streets and main roads. Such as Alexandria Road, and Dabaa Road, and half an hour away from Sphinx Airport, Mall of Arabia, and Hyper One. The compound extends over an area of 316 acres and offers various types of villas. Surrounded by all services, most notably security and guard services, cleaning and maintenance, commercial services, restaurants, and cafes. In addition to jogging paths and playgrounds, recreational areas and swimming pools, a clubhouse, garage, and areas designated for charging cars.

5-   Silver Sands North Coast Village

Silver Sands North Coast Village extends over an area of 485 acres. It is located in the best location, specifically between Sidi Heneish and Almaza Bay. At kilometer 222 on the Alexandria-Matrouh Road. 202 km from El Alamein Airport, and 370 km from Cairo. The village is characterized by its international design and the provision of the largest possible area for green spaces and services. These have been distributed fairly between and around the units of various styles and spaces. To suit the different needs of customers. The village contains chalets and villas and around it is a commercial area, clubhouse, amusement park, gym, sports club, medical clinics, security personnel and surveillance cameras, mosque, gardens, swimming pools, restaurants, and cafes.

Naguib Sawiris’s Projects Outside Egypt

There are many huge investments that Ora Developments intends to make outside Egypt in the coming period. Including a project inside the UAE on an area of ​​15 million square meters, on Sheikh Zayed Road. Which is similar to the village it presented on the North Coast. With investments amounting to about 10 billion dollars. The company also intends to implement a huge project in Iraq by implementing a residential city on an area of ​​75 million square meters. With an investment cost of about 75 billion dollars. As for Naguib Sawiris’ real estate projects that have already been completed outside Egypt, they are as follows:

• Eighteen Compound in Pakistan.
• Ayia Napa Marina Hotel in Cyprus.
• Silver Sands Resort in Grenada.
• Twenty Grosvensands Square Hotel in London.

Finally, Naguib Sawiris’ real estate projects are considered the most prominent and successful during the current period. Due to the comprehensive advantages, they offer in terms of vital locations. As well as integrated and highly luxurious designs and services, and above all, very easy prices and payment systems.

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If you are looking for real estate either inside or outside Egypt, La Costa real estate platform is your main destination to give you whole information about all real estate projects and it is also your easiest way to reach what you want, whether your dream home or your new project in the finest areas with the best prices.