Egyptian billionaire to build $2b housing estate on the outskirts of Pakistan's capital

Egyptian billionaire to build $2b housing estate on the outskirts of Pakistan's capital

Egyptian billionaire Naguib Sawiris poses for a photograph on a floating pontoon in front of the New Suez Canal, operated by the Suez Canal Authority, in Ismailia, Egypt, on Thursday, Aug. 6, 2015. Photographer: Shawn Baldwin/Bloomberg

Egyptian billionaire Naguib Sawiris’s Ora Developers will next month start building a luxurious $2 billion housing estate on the outskirts of Islamabad and is eyeing further projects as it taps demand from overseas Pakistanis.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter