Ora Developers has acquired a 486-feddan area of land in the North Coast to launch its latest mixed-use development project.
The Silversands project, laying across a one-kilometre (km) seafront, is situated at the 220 km mark on the Alexandria – Marsa Matrouh Road, according to a statement on Monday.
The property developer will inject an investment of EGP 25 billion into the development which will feature a variety of units, such as villas, twin houses, and chalets
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The architectural firm Wimberly Allison Tong & Goo has been awarded the master-planning and the architectural design of the development.
The project will launch its first phase in July 2021 and delivery is expected to start after 30 months.
