Orascom Development Egypt

Orascom Development Egypt, formerly known as Orascom Hotels and Development, was established on August 30, 1996, and has been publicly traded on the Egyptian Exchange since June 1998. With a paid-up capital of 1,130,473,523 Egyptian pounds, the company is a subsidiary of Orascom Development Holding.

Orascom Development Egypt specializes in developing integrated resorts, residential communities, hotels, and recreational facilities such as golf courses and marinas. The company is responsible for constructing the necessary infrastructure, including parks, water and sewage networks, public transportation, communications, schools, hospitals, and industrial facilities. In addition, Orascom Development Egypt reclaims agricultural land and owns a vast land bank of 45.7 million square meters.

The company's portfolio includes four flagship destinations: El Gouna, O West, Makadi Heights, and Bayom. Each destination offers a unique blend of luxury living, recreational activities, and natural beauty. Orascom Development Egypt also has a presence in Oman, with its Hona Salalah project.

The company's extensive real estate holdings are supported by a network of over 24 hotels, totaling 4,923 rooms. Orascom Development Egypt has several subsidiaries, including those focused on hotel management, hospitality services, and real estate development. These subsidiaries play a crucial role in the company's operations, ensuring the successful development and management of its properties.