Oria Developments launches EGP 2.5bn Kenan project in New Zayed

Oria Developments has launched Kenan, a residential project in New Zayed with investments of EGP 2.5bn, as part of its expansion plans in Egypt’s real estate market.

Waleid Lawandy, founder and chairperson of Oria Developments, said the company plans to expand gradually across West Cairo, prioritising construction progress and adherence to delivery schedules before moving into new development phases.

The company is also exploring opportunities in other areas, including the North Coast, and plans to announce additional projects in the coming period.

Kenan spans nine feddans opposite Sphinx International Airport. Buildings will occupy no more than 15% of the total land area and will comprise ground and first floors. The project includes standalone and twin houses, as well as commercial and service components.

Mahmoud Dawoud, chief commercial officer at Oria Developments, said the project offers a range of unit types and sizes to meet varying customer requirements.

Construction is scheduled to begin in the first quarter of 2027, with delivery planned within three years, according to the company.

Lawandy Contracting, a sister company of Oria Developments, will undertake construction, while ACE-Moharram.Bakhoum will provide consultancy services related to execution quality. Eng. Mohamed Hafez is responsible for the engineering design, while Trojan, an Egyptian-Emirati company, will oversee operations and management.

Oria has started construction on its Alamat project in 6th of October City and is preparing to launch a new phase of hotel units, according to the company.

Alamat Tower is located on Plots 20 and 21 in the city’s Ninth District, along the Central Axis and overlooking the monorail route.