Orascom Development Holding CEO Omar Al-Hamamsi announced the company’s intention to supply more than a thousand units as part of its Cairo “O West” project.
Al-Hamamsi said in an interview with Al-Arabiya that the company’s sales in all countries exceeded $800 million last year.
He continued: “Our sales in Egypt exceeded £11 billion last year.”
He expected sales of the O West project to be half of the company’s sales in Egypt in 2023 and to exceed 5.5 billion Egyptian pounds.
“Right now, we are focused on curbing price increases through rapid implementation and delivery,” he said.
He indicated that the company has opened an office in the Gulf countries and will soon open offices in America and Canada to export the drug.
He pointed out that sales in El Gouna are pegged to the dollar price because some of the buyers in the project are outside of Egypt, and the system has been used by the company for 34 years, adding: “We will not be doing this in the O West project in the near future. the future.”
