Naguib Sawiris Strengthens UAE Commitment with $30 Billion Investment Boost in Ghantoot Project
Billionaire Naguib Sawiris, Chairman of Ora Developers, has announced a significant increase in his investments in the UAE, doubling his commitment from $15 billion to $30 billion. This move underscores his confidence in the nation’s future and the resilience of its real estate sector.
Expansion Plans in Ghantoot
Sawiris revealed plans for a major expansion in the Ghantoot area, emphasizing his intent to enhance project development and investment opportunities. He expressed a strong belief in the UAE’s potential, stating that he aims to contribute to the construction landscape.
He remarked on the current economic climate, asserting that challenges will eventually subside, allowing the UAE to emerge with renewed opportunities. His announcement serves as a call to those considering leaving the UAE, assuring them that their investments will be safe under his stewardship.
Regional Stability and Investor Confidence
Sawiris addressed regional tensions, particularly regarding missile threats directed at the UAE. He highlighted the contrast between the UAE’s peaceful coexistence among over 200 nationalities and the unrest in neighboring Iran. He stated, “The success of the UAE reveals the fall of Iran,” emphasizing the UAE’s stability as a model for the region.
He praised the UAE Armed Forces for their preparedness and crisis management, noting that the country’s advanced defense technology achieved a 98% interception efficiency during recent threats. This capability reinforces the UAE’s status as a secure environment for investors.
Unique Investment Environment
Sawiris characterized the UAE as a unique nation that excels in facilitating investment. He noted that the country has streamlined processes such as visa applications, licensing, and legislative frameworks, making it more efficient than many European nations.
The announcement of the new project is intended to convey a strong message of confidence in the UAE’s investment landscape. The first phase of the project has already sold out, with 40% of sales attributed to UAE nationals, indicating strong local trust in his developments.
Integrated Community Development
The new Ghantoot project will focus on creating integrated communities, featuring sports clubs, schools, retail spaces, and healthcare facilities. This beachfront development will be conveniently located within a 15-minute drive from both Dubai and Abu Dhabi.
Ora Developers has expanded its land holdings in the UAE by acquiring an additional 4.8 million square meters from Modon Holdings, bringing the total to 9.6 million square meters. The total investment for the project is projected to reach AED 30 billion upon completion.
Strategic Location and Future Growth
The project is strategically positioned between Dubai and Abu Dhabi, with direct access to Sheikh Maktoum bin Rashid Road and approximately 25 minutes from Al Maktoum International Airport. This location enhances connectivity between the two emirates, facilitating growth and accessibility.
The partnership between Ora Developers and Modon Holdings aims to further develop Ghantoot through the implementation of the “Ben” project, which is expected to create a fully integrated urban destination that combines modern living with a coastal lifestyle.
Sawiris reiterated his commitment to ongoing investment in the UAE, expressing confidence in the strength of the real estate market and the country’s long-term vision for sustainable development. He highlighted the success of the Ben project as a pioneering waterfront community.
Bill O’Regan, CEO of Modon Holdings, acknowledged the partnership with Ora Developers, recognizing their understanding of the Ghantoot area’s unique value and vision for enhancing residents’ lives. The Ben project has received positive feedback since its launch, and the expansion is expected to maintain this momentum.
The new land agreement builds on Ora Developers’ strong track record in global markets. The company ranked third among Abu Dhabi’s top ten real estate developers in 2025, according to the Abu Dhabi Real Estate Centre, with its Between project achieving AED 2.7 billion in residential sales that same year.
This strategic expansion aligns with the UAE’s commitment to infrastructure development and economic growth, as Ora Developers continues to solidify its presence in one of the nation’s fastest-growing regions.
As reported by www.emirates247.com.
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Published on 2026-04-16 17:47:00 • By FAME Delivered News Desk