ORA Developers, a renowned real estate and hospitality firm founded by Egyptian billionaire Naguib Sawiris, has secured EGP4 billion ($80.6 million) in syndicated financing from a consortium of four Egyptian banks as it accelerates construction of its flagship ZED ElSheikh Zayed development in West Cairo.

The latest funding brings ORA Developers’ total financing under the facility to EGP9 billion ($181 million), strengthening the company’s position in Egypt’s growing luxury property market.

Banque Misr-led financing supports ZED ElSheikh Zayed project

The new financing follows an earlier EGP5 billion ($107.5 million) loan and will be used to cover part of the remaining construction costs of ZED ElSheikh Zayed, one of ORA’s most ambitious mixed-use developments.

Banque Misr served as the initial mandated lead arranger, underwriter, facility agent, security agent, account bank, and documentation bank for the transaction.

The lending group also includes Emirates NBD Egypt, Housing and Development Bank, and Export Development Bank of Egypt (EBank), which participated as mandated lead arrangers and underwriters.

Located across 165 feddans in West Cairo, ZED ElSheikh Zayed combines luxury residences, commercial spaces, administrative offices, entertainment destinations, green areas, and integrated lifestyle facilities designed to meet rising demand for premium mixed-use communities.

ORA Developers builds global luxury property portfolio

Founded in 2016, ORA Developers has rapidly expanded into a major global real estate and hospitality player, managing more than $4 billion in assets and a development pipeline valued above $45 billion across Egypt, Cyprus, Pakistan, the United Arab Emirates, and Iraq.

The company has built its reputation around creating luxury destinations that combine residential living, hospitality experiences, and lifestyle-driven communities.

Under the leadership of Naguib Sawiris, whose estimated net worth places him among Bloomberg’s top 500 wealthiest individuals at $11.1 billion, ORA Developers has continued its international expansion through strategic investments and large-scale master-planned developments.

ORA Developers operates as a subsidiary of Orascom Investment Holding and has positioned itself as one of Egypt’s most influential luxury real estate developers.

ORA expands gulf presence with BAYN waterfront project

The company’s growth strategy gained further momentum with the launch of BAYN, a flagship waterfront masterplan unveiled in April 2025.

ORA Developers recently appointed AtkinsRéalis to provide master planning, infrastructure, and public realm design services for BAYN, a major coastal development located in Ghantoot, an emerging waterfront corridor between Abu Dhabi and Dubai.

With fresh banking support, expanding international projects, and a growing luxury property portfolio, ORA Developers is strengthening its role in shaping the future of premium real estate across Africa and the Middle East.