About Orascom Development Egypt
Founded in 1989, Orascom Development Egypt (ODE), one of the most well-known brands in the Egyptian real estate market, seeks to build thriving communities that unleash life's potential.
After more than 30 years of operation, Orascom Development Egypt's modest goal of establishing a small slice of paradise near the Red Sea has grown into a vast portfolio of fully integrated projects spread over three continents.
Orascom Development develops commercial, residential, and hospitality properties. Every project is constructed according to international standards, resulting in an enhanced standard of living.
One of the top global developers, Orascom Egypt Development, focuses on creating thriving, cohesive communities.
Orascom Egypt Development develops innovative new locations that attract those seeking to establish their life there. Inspiring communities are created in soulful locations where families and people, locals and tourists, and leisure and businesses collaborate.
The company has been using its distinct approach to destination development since 1995 and is listed on the Egyptian Stock Exchange (EGX).
The initial intention was to create a small slice of heaven close to the Red Sea. As a leading developer of fully integrated cities with vibrant communities, Orascom Development Egypt is currently the largest subsidiary of Orascom Development Holding (ODH).
Orascom Development Egypt has over 30 years of experience creating world-class travel destinations. During that period, the business became proficient in creating entirely new communities.
The integrated development strategy of Orascom Egypt Development blends stunning homes, first-rate hotels, and amazing commercial and recreational facilities, including golf courses, marinas, sports complexes, shops, and dining establishments.
Residents and guests are at the heart of what the company does, and a wide range of vital infrastructure serves as the cornerstone of its communities.
In El Gouna, Makadi, O-west, Taba Heights, and Byoum, Orascom Egypt Development has acquired about 50 million square meters of land. More than 14 million square meters of that land have already been developed, with numerous sophisticated schemes.
Orascom Development Egypt’s Vision, Mission, and Values
Built on a strong strategy with a resilient vision, applicable mission, and solid core values, Orascom Development Egypt became a pioneer in the Egyptian real estate market.
Orascom Development Egypt’s vision is to become the preferred partner for turning land into vibrant hubs of life and a world leader in destination development.
With master-planned developments that empower, inspire, integrate, and respect, the organization aims to raise the standard of living. The business is establishing links to a way of thinking, a group of people, and a feeling of inclusion.
While the company’s mission is to build thriving communities and attractions that inspire people to live, work, and play.
Every location should, in the opinion of Orascom Egypt Developments, have a distinct personality, spirit, and character. It features all the amenities and services in its master-planned communities to provide a higher standard of living and to help people realize their full potential.
Although it currently has a very solid reputation, it wants to do even better. The standard of living that its destinations provide and the lasting value that they generate are how Orascom Development Egypt measures its success.
Orascom Egypt Development upholds the aforementioned values in all aspects of its operations in order to fulfill its mission and vision. The guiding principles of Orascom Development Egypt are:
- Customer Obsession; putting the customers and their fostering communities at the center of everything.
- Team Orientation; the company focuses on working as a one-strong team.
- Driven & Resourceful; the company creates a positive impact through its determination.
- Commitment to high integrity; Orascom Egypt always aims to do what is right.
Facts & Figures in the Orascom Development Egypt Story
With a varied portfolio of breathtaking attractions spread across more than 50 million square meters in well-known regions of Egypt, Orascom Development Egypt has a noticeable local presence.
The company’s golden imprint is obvious in major cities such as 6th of October City, Hurghada, and El Gouna.
With more than 50.25 mn square meters of total land bank, 14.75 mn square meters of completed areas, 8.07 mn square meters of under construction land, and 3.29 mn square meters of under development land, Orascom Development Egypt is building its empire all over Egypt.
Note that Omar El Hamamsy is the current Chief Executive Officer (CEO) of Orascom Development Egypt.
Orascom Development Egypt Sister Company
Orascom Hotels Management (OHM) is Orascom Development Egypt’s wholly owned subsidiary in charge of running the majority of the business's hotels.
In addition to Orascom Hotels Management, Orascom Development Egypt operates and owns 24 hotels in Egypt alone, totaling about 5,000 rooms. Rotana, Steigenberger, Sheraton, Movenpick, Radisson, and the ultra-high-end luxury brand Chedi are just a few of the globally recognized strategic franchise partners that support its hotel operations. Other locations are operated under their own names.
The upscale hotels have received recognition for exceptional guest experiences from Condé Nast Traveler, the World Travel Awards, TripAdvisor, BBC Travel, and other prominent industry names over the years.
Orascom Development Egypt Top Projects
Orascom Development Egypt has a wide range of high-end projects all over Egypt that include:
- O West Orascom in 6th of October City is among the best-known projects encompassing 1,007 acres of land, this perfectly integrated gated community makes use of every square meter of the estate to provide you with a unique experience. Along with opulent mansions, it offers countless cozy and opulent amenities. In order to provide inhabitants with the most pleasant lifestyle possible, a variety of high-end services were also incorporated into the building. O West Compound offers comfortable living as well as a convenient location from which to commute. You may live a convenient lifestyle both indoors and out thanks to Orascom.
- Fanadir Bay in El Gouna is a luxurious residential resort open all year round. The project spans an elevated land area of between 1400 and 2200 square meters. Located in a sought-after neighborhood, Fanadir Seafront expertly combines comfort, style, and stunning ocean views. With all of the residents' necessities in one location, Fanadir Bay El Gouna's master plan is a work of art.
- Makadi Heights in Hurghada is is an integrated resort on Makadi Bay, Hurghada, that is unique. With a vast land size of 1000 acres, just 12% of it is dedicated to the built-up area, with the rest 88% going toward the landscape and water features like the gigantic lagoons, lakes, pools, and waters. With more than a million square meters reserved for buildings, Makadi Heights is a 3.7 million square meter land bank. In the Red Sea, it is located in the middle of Makadi Bay. Makadi Heights, which is 70 meters above sea level, boasts stunning views.
Other projects by Orascom Development Egypt include:
- Town Walk,Hurghada, Egypt
- Cyan,El Gouna, Egypt
- Kamaran, El Gouna, Egypt
- Fairways,El Gouna, Egypt
- The Nines,El Gouna, Egypt
- North Bay - El Gouna
- DUA, Hurghada, Egypt
- Aden, Hurghada, Egypt
- Tuban El Gouna
- Downtown El Gouna, Egypt
- El Gouna South Marina
