Company has negotiated with several reputable health institutions and hospitals, to transform O West into a sports, arts and health hub, said Tarek Kamel
O West, a fully integrated town by Orascom Development located in the heart of Sixth of October, has announced the launch of the first phase of the HillSide Villas project.
This step aims to meet the increasing demand for units offered in O West, as real estate sales increased by 13.8% in the first quarter (Q1) of 2021, in comparison to the same period last year.
The announcement was made at a press conference held by Orascom Development in O West, followed by an inspection tour of the project, in order to review all the current construction within the town.
The press conference’s speakers included: Samih Sawiris, Chairperson of Orascom Development Holding; Omar El Hamamsy, Group CEO of Orascom Development Holding; and Tarek Kamel, CEO of O West.
HillSide Villas are located in Qemet, a neighbourhood of O West which includes a wide range of units such as Prime, Horizon, Grand Villas, single storey villas, and mansions. Living in one of the Hillside Villas allows its residents to enjoy a comforting and luxurious lifestyle along with many picturesque landscapes. On top of this are the waterfronts, several parks suitable for jogging, as well as vast open green spaces.
Sawiris said, “The real estate sector is one of the most important sectors that withstood the novel coronavirus (COVID-19) pandemic and contributed to the growth of the Egyptian economy, all with the help of the Egyptian Government’s pivotal role during the crisis, by injecting large funds into various sectors, especially the infrastructure sector.”
“This protected the economy from a recession that would have led to a crisis making it impossible for individuals to buy real estate properties or any other commodities,” he also said, “Adding to that, real estate is still considered as a safe haven for investment.”
Sawiris also said that Orascom Development has distinguished itself by having built integrated towns in different parts of the world. El Gouna and all the company’s projects across seven countries add to its experiences as integrated destinations builders and real estate developers.
“We are confident that O West is the result of our experiences and visions, as it is a new town with an experience of more than 30 years,” he added, “This town will further cement our leading position, on local and international levels, and will add a new cornerstone to the company’s continuous successes around the world.”
For his part, El Hamamsy said, “The construction and infrastructure within O West are being completed at an impressive rate following the best international standards, as the company is currently applying an expansion plan to increase its sales, and to continue the positive results during 2021.”
O West’s masterplan is designed to reflect Orascom Development’s philosophy, which is based on building integrated towns, and offering all sorts of arts and culture, sports, tourism, education and health services and amenities, El Hamamsy added.
“We have a construction policy that is built on the quality of services offered to our customers in Egypt, as it is the case for all countries in which Orascom Development operates,” he said, “We also have a positive and optimistic plan for the current financial year, that focuses on the increase of sales in O West, as we already started collecting the fruits of our labour during Q1 of 2021.”
El Hamamsy also noted, “We are working on applying the same model we implemented in El Gouna, and carry out our experience in integrated towns to O West, offering a unique model of integrated towns in West Cairo.”
Kamel added, “We are proud to launch the first phase of the HillSide Villas, which offers a unique and diverse collection of villas, such as Prime, Horizon, Grand Villas, single-storey villas and mansions.”
“We made sure that the design of these units is ideal for all members of the family, while ensuring the uniqueness of all units,” he added, “One of the most important features in the HillSide Villas is the unique waterfront, with its magical view, ideal location and green spaces.”
Kamel noted that the company is currently in the final stages of developing the masterplan of the O West Club, which will be a major contribution to the town, as it is considered the biggest social and sports club in West Cairo, covering 5% of the entire town.
The club offers to all of its members a wide range of premium services. Additionally, there will have a business district and a hotel area, implementing the company’s unique philosophy of integrated towns, in West Cairo, leaving an exceptional mark in the Egyptian real estate sector.
“We have also contracted with the biggest educational institutions to establish five international schools in O West, offering various educational systems to meet all our customers’ needs,” Kamel said, “Additionally, we have negotiated with a number of reputable health institutions and hospitals, as we are working on transforming O West to a sports, arts and health hub, to attract companies and the business sector.”
O West has all the infrastructural capabilities, wide areas and exceptional location to become West Cairo’s most important integrated town.
The project’s uniqueness is built on its immense surface, which covers 1,000 acres and an exceptional urban design, perfectly balancing green areas and buildings. These add to the unique architectural design of each neighbourhood.
This is reflected in the increasing demand of units in the town, especially in Qemet, a real estate project with a total inventory of EGP 7.5bn, which was launched in February 2021. The company is also intending to increase more units in Qemet during H2 of 2021, to meet the increasing high demand.