Egypt’s OUD posts $60.2 million contractual sales in H1

Egypt’s Orientals for Urban Development (OUD), affiliated to Oriental Weavers, says it has posted contractual sales of around 1 billion Egyptian pounds ($60.2 million) during the first half of the year.

OUD plans to increase its sales to 2.4 billion pounds at the end of the current year, driven by launching its new industrial project OIC, chairman Asser Hamdy told Amwal Al Ghad on Monday.

Moreover, OUD had recently launched three projects; J’noub in the country’s new capital, Azadir in New Capital, and OIC in Ain Sokhna, Hamdy added.