O West Continues to Expand Leading Position in West Cairo

Orascom Development, the multinational integrated developer with integrated towns in Egypt, the GCC and Europe, continues to assert its leading position in West Cairo, O West’s real estate sales increased in 2022 to reach EGP 5.7 billion, an increase of 44.3% over 2021. O West continues to accelerate construction, with 444 villas already built and the construction of 1,015 apartments and 236 townhouses currently underway. O West plans to deliver more than 1,000 residential units during 2023. In addition, the construction of 119 units within O Business District has already begun, while construction of O West Sports Club is about to begin to ensure the club opening of the first phase by the second half of 2023.

Orascom Development also announced the appointment of Tamer Dewidar as CEO of O West, alongside his roles as CEO of Makadi Heights and Byoum, effective immediately. In his new position, Dewidar will leverage his extensive executive experience and proven success in the real estate sector to lead O West, Makadi Heights and Byoum.

Omar El Hamamsy, Group CEO of Orascom Development, commented: “O West is well positioned to bring a new standard of living to West Cairo. The integrated town will be consistent with Orascom Development’s reputation as a multinational master developer delivering high quality, integrated and vibrant communities in Egypt as well as in Europe and the GCC.”

Tamer Dewidar, CEO of O West, added, “Our talented team is highly focused on bringing new growth opportunities while we prepare for the near-term delivery of O West’s initial phase and continue the construction of other aspects of our master planned community. O West’s success so far has been its ability to offer a variety of residential options to suit the needs of our diverse customer base while integrating vital services and unique experiences to create a thriving town.”