On 25 October 2022, Orascom Development Egypt (S.A.E) (CASE:ORHD), Orascom Development Holding AG (SWX:ODHN)'s largest Egyptian subsidiary, announced that it had received a preliminary non-binding offer (NBO) from Sixth of October for Development and Investment Company "SODIC" (S.A.E.) (CASE:OCDI) for the acquisition of the entire share capital of Orascom Development Egypt's subsidiary Orascom for Real Estate S.A.E. (ORE), the owner of O West project. Orascom Development Egypt currently owns 70% of Orascom for Real Estate. On March 23, 2023, Orascom Development Holding announces that Orascom Development Egypt and SODIC have mutually decided to discontinue discussions on a potential acquisition of ORE and the O West project by SODIC.