Tuesday 04/November/2025 – 09:36 AM
The National Bank of Egypt announced the signing of a financing agreement for Ora Developers Egypt worth up to 3 billion pounds, to contribute to financing part of the investment cost for developing the “Solana West” project, one of the company’s most prominent projects in western Cairo.
The National Bank finances Ora Developers Egypt for the Solana West project at a value of 3 billion pounds
This cooperation comes within the framework of the ongoing partnership between banking sector institutions and major real estate companies to support urban development in Egypt, in line with the state’s strategy to create integrated residential communities that provide a modern lifestyle.
Following the signing, Mohamed Al-Atribi, CEO of the National Bank of Egypt, stated that the financing aims to provide the necessary financing to Ora Developers Egypt to accelerate the pace of construction work for the project, which contributes to the state’s role in supporting urban expansion, especially in new regions and cities, while providing a strong infrastructure and all the facilities that the residents of those areas need, in a way that reduces the pressure of population density in the most crowded areas in major cities.
Al-Atribi pointed out the National Bank of Egypt’s keenness to provide the necessary financing for projects in various vital fields, including supporting private sector real estate projects, which will reflect positively on the growth rates of the Egyptian economy, as arranging this financing is a confirmation of the National Bank of Egypt’s success in playing its pioneering role in actively participating in these projects and the complementary economic activities they require, which contributes to providing more job opportunities, especially for young people.
For his part, Engineer Naguib Sawiris, Chairman of the Board of Directors of Ora Developers Group, expressed his pride in the partnership with the National Bank of Egypt, saying: This partnership emphasizes the vital importance of cooperation between the banking sector and the real estate sector to ensure the continuity of urban development with the required quality.
He continued: We are proud of this mutual trust between the national financial institutions and Ora Developers as a trusted party, as financing the Solana West project represents a strong step not only towards achieving our vision of providing integrated communities, but also supporting the state’s plans for urban expansion in western Cairo and achieving positive results in the real estate market. The “Solana West” project is more than just a residential community, as it redefines the modern way of living through its idea “Life in Contrasts” in the heart of New Zayed.
The project extends over an area of 316 acres and includes units with modern designs and various spaces that meet various needs. The project enjoys a strategic location in western Cairo, minutes away from the Dahshur Link, the 26th of July Corridor, and Juhayna Square, making it an ideal destination for integrated living in a vibrant area.
