Orascom Development Subsidiary Signs Agreement To Develop Seafront On Red Sea Coast

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ORASCOM DEVELOPMENT EGYPT EGX:ORHD:SUBSIDIARY SIGNS AN AGREEMENT WITH GOVERNMENTAGREEMENT TO DEVELOP A PRIME SEAFRONT PLOT ON RED SEA COASTUNDER NEW AGREEMENT, GOVERNMENT ENTITLED TO RECEIVE 50% OF PROJECT’S COMPONENTS IN-KINDORASCOM DEVELOPMENT EGYPT - AGREEMENT ENTERS INTO FORCE IN JANUARY 2026

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