Orientals for Urban Development (OUD) achieved over EGP 100m sales during its participation in Nile Property Expo in Riyadh, which concluded last week.
Commercial Director at OUD Shady Elzayat said the company showcased distinguished package of its projects and provided special offers that fit with customers’ demands. The company also presented flexible payment methods and offered a 10% discount on purchases during the exhibition period.
OUD’s showcased projects in the exhibition comprised J’noub in the New Administrative Capital, Oriental Coast in Marsa Alam, and Azadir in New Cairo.
Elzayat noted that the OUD also achieved strong sales last month during its participation in Nile Property Expo in Dubai.
He said the company recently opened a resale department with the lowest commission rate to assist clients wishing to resell their units.
The OUD focuses in majority of its compounds on customers who are really willing to reside in there not to create ghost cities, so the resale are limited in OUD’s projects.
The OUD is a joint-stock company affiliated to Oriental Weavers Group. It was established in 1994 to capitalise on the real estate boom in Egypt. The company’s projects also include Oriental Industrial City in Ain Sokhna and others in New Cairo, Obour, and Kattameya.