Egyptian developer Orascom Development has said it has earmarked 2.5 million square metres of land for an affordable housing project in Romania, its first such project outside Egypt, Reuters has reported. The project, in which Orascom holds a 70% stake, is expected to offer a total of 33,000 units developed over three equal phases. The developer has projects in Jordan, the UAE, Oman, Switzerland, Morocco, the UK and Turkey.
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