Egypt's Orascom Development Holding is planning to invest EGP5bn ($913m) to build low-cost homes in Romania, Turkey and Iraq, to generate steadier earnings growth, Bloomberg has reported. "Our projects are targeting a surge in demand 10 years down the road," Samih Sawiris, chairman and CEO said, adding that budget housing is expected to make up 20% of the firm's total revenue in two years.
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