From North Coast and Matrouh all the way to Sokhna and passing through Cairo, OUD is set to revolutionise urban development in Egypt.
Amidst an unpredictable financial situation which swept through Egypt in 2017, the flourishing real estate market took a hit with the steady increase in prices of land and building materials. As Egyptians leaned towards keeping their savings in banks rather than property in pursuit of the guaranteed high interest rates, one Egyptian real estate giant, namely Orientals Urban Development (OUD), set out to squash the market of uncertainty by coming forth with a series of visionary residential projects in every corner of the country, offering unparalleled living solutions to Egyptians and once again solidifying their confidence in the real estate market.The daring endeavour was nothing new to OUD, which has, for over two decades, established a renowned leadership in the market with residential, office, and retail properties with unsurpassed quality and luxury. With offering modern and creative living solutions at the core of their vision, OUD has nevertheless not shied away from drawing inspiration from Egypt's authentic culture and heritage, highly manifested in bringing back iconic Egyptian designs such as the Mashrabiya, which was prevalent in Egypt over a century ago.
Launched in 1994 by the pioneering carpet manufacturer, Oriental Weavers, OUD has been ahead of the curve when it comes to luxury living. Currently in the works is a number of mammoth projects set all across the country, the likes of Heliopolis Hills, Obour city's first integrated private community, Oriental Coast, a Marsa Allam haven where ALL properties come with a sea view, and Sharm El Shiekh's Parottel Hotel, among many others.
And while 2017 was a stagnate year for the market in Egypt, OUD is all set to grab the frontrunner banner in the boom forecasted by experts for 2018. " We are currently developing a huge industrial area covering an area of more than 10 million square meters in Ain Sokhna, as well as developing new communities in New Cairo, The New Administrative Capital, the North Coast, and Oriental Coast in Marsa Allam" tells us Mohamed Farid Khamis, OUD's Managing Owner.
*The content of this article is sponsored.