El Gouna Launces The Nines Project Overlooking Golf Course

El Gouna celebrates the start of completing its golf course in Ancient Sands by adding 9 new holes in line with international standards to provide two golf courses in El Gouna to host a number of Global and local ...

ODE Generates EGP 7.1bn in Revenues in 2021

Orascom Development Egypt (ODE) reports EGP 7.1 bn in revenues and EGP 1.3 bn in profits and closes the year with EGP 9.2 bn of net real estate sales, the highest value in ODE’s history, Invest-Gate reports.

Orascom Development’s O West Sponsors GFF 2020

O West, Orascom Development Egypt’s (ODE) first home project in Cairo, has announced its sponsorship of the El Gouna Film Festival (GFF), which will be held from October 23 to 31.

ODH’s El Gouna Sees 27.4% Hike in Q2 2020 Sales

Demand for Orascom Development Holding'S (ODH) El Gouna remained strong in Q2 2020, marking a 27.4% rise in total sold and reserved units versus the year-ago period, with total sales and presales hitting EGP 924.5 ...

El Gouna Hotels to Gradually Resume Operations in May

Orascom Development Holding (ODH) will gradually reopen hotels in its Red Sea resort town of El Gouna for domestic tourism as of May 15, with plans to have all on-site hospitality facilities fully operational almo ...

El Gouna’s Hotels Fully Occupied During GFF

Orascom Development Holding (ODH) has announced that occupancy rates of El Gouna’s hotels and residential units hit 100% during the period of El Gouna Film Festival (GFF), to be held from September 19 to 27.

ODE Posts 253.4% Surge in H1 Sales

Orascom Development Egypt's (ODE) net sales hiked by 253.4% to EGP 4.2 bn in H1 2019, compared to EGP 1.2 bn a year earlier, driven by a rise in unit sales in its newly-launched project in west Cairo, O West, in a ...

Sawiris Lays Foundation Stone for El Gouna Conference & Culture Center

Egyptian tycoon Samih Sawiris, chairman of Orascom Development Holding (ODH), has laid the foundation stone for El Gouna Conference and Culture Center, marking the second phase of the cultural complex.

Thomas Cook to Soon Debut 2 New Hotels in El Gouna

Thomas Cook Group plans to open two new hotels within a couple of months in El Gouna, Hurghada, notably Cook’s Club and Casa Cook, as popularity augments for the all-year-round destination among vacationers.

Inertia Intends to Develop Projects in Ain Sokhna, New Cairo

Egypt's real estate developer Inertia is planning to develop two new projects in Ain Sokhna and New Cairo, a step that comes after it posted record-high housing inventory of nearly EGP 100 bn.

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